There was a young man then in the city named Brandreth, who had brought a pill over with him from England, and was looking about in New York for some cheap, effective way of advertising his pill. He visited Bennett in his cellar and made an arrangement to pay him a certain sum every week for a certain space in the columns of the "Herald." It was the very thing he wanted, a little _certainty_ to help him over that awful day of judgment which comes every week to struggling enterprises,--Saturday night! Still, the true cause of the final success of the paper was the indomitable character of its founder, his audacity, his persistence, his power of continuous labor, and the inexhaustible vivacity of his mind. After a year of vicissitude and doubt, he doubled the price of his paper, and from that time his prosperity was uninterrupted. He turned everything to account. Six times he was assaulted by persons whom he had satirized in his newspaper, and every time he made it tell upon his circulation. On one occasion, for example, after relating how his head had been cut open by one of his former employers, he added:-- "The fellow no doubt wanted to let out the never failing supply of good-humor and wit which has created such a reputation for the 'Herald.'... He has not injured the skull. My ideas in a few days will flow as freshly as ever, and he will find it so to his cost." In this humble, audacious manner was founded the newspaper which, in the course of forty-eight years, has grown to be one of national and international importance. Its founder died in 1872, aged seventy-seven years, in the enjoyment of the largest revenue which had ever resulted from journalism in the United States, and leaving to his only son the most valuable newspaper property, perhaps, in the world. That son, the present proprietor, has greatly improved the "Herald." He possesses his father's remarkable journalistic tact, with less objectionable views of the relation of the daily paper to the public. His great enterprises have been bold, far-reaching, almost national in their character. Mr. Frederick Hudson, who was for many years the managing editor of the paper, has the following interesting paragraph concerning father and son:-- "Somewhere about the year 1866, James Gordon Bennett, Sr., inducted James Gordon Bennett, Jr., into the mysteries of journalism. One of his first _coups_ was the Prusso-Austrian war. The cable transmitted the whole of the King of Prussia's important speech after the battle of Sadowa and peace with Austria, costing in tolls seven thousand dollars in gold." He has followed this bold _coup_ with many similar ones, and not a few that surpassed it. Seven thousand dollars seems a good deal of money to pay for a single feature of one number of a daily paper. It was not so much for a paper, single issues of which have yielded half as much as that in clear profit. And the paper was born in a cellar! THREE JOHN WALTERS, AND THEIR NEWSPAPER.