Great Fortunes, and How They Were MadeMcCabe, James Dabney
History
Great Fortunes, and How They Were Made
McCabe, James Dabney
United States -- Biography
In 1850; the Harpers decided to commence the publication of a monthly
periodical, and, accordingly, in the summer of that year they issued the
first number of "Harper's New Monthly Magazine," which, in point of
popularity, stands today, after a career of twenty years, at the head of
American magazines, and boasts of a circulation of 180,000 copies. The
recognition of another want of the public led, in 1857, to the
establishment of an illustrated newspaper, "Harper's Weekly," which has
at present a circulation of 100,000 copies. In 1869 they began the
publication of a new weekly fashion paper, called "the Bazaar," which
has reached a circulation of 75,000 copies.
From the first, the Harpers made their house a popular establishment.
They sought public favor by legitimate means, and generally managed to
retain it in the same way. From an early period in their history, their
imprint on a book has been sufficient to secure its sale; and they have
managed to identify themselves so thoroughly with American progress that
the whole country feels an interest in their success. By studying the
popular taste closely, they were enabled to publish in rapid succession
works suited to it; and by fair and liberal dealings with authors they
soon drew around them a corps of the best writers in the Union.
Their success was rapid, and by the year 1853 their establishment had
increased in size so much that it occupied "nine large contiguous
buildings, full of costly machinery of every kind, with stores of plates
and books." On the 10th of December of that year, a workman in one of
the upper rooms carelessly threw a piece of lighted paper into what he
supposed to be a pail of water, but which proved to be camphene. In a
few minutes the building was in flames; all efforts to save it were in
vain. The fire spread rapidly, and in a few hours the entire
establishment was in ruins. The loss was one million of dollars, of
which sum only about one-fourth was covered by insurance.
It was a terrible blow, but James Harper and his brothers wasted no time
in repining. Before the embers had ceased smoking they were taking
active measures to reëstablish their business. From the wreck of their
establishment they saved a part of the stereotype plates, which had been
stored in the vaults, out of the way of the fire. They immediately
rented Sheffield's paper warehouse, at the corner of Beckman and Gold
Streets, and went to work with greater energy than ever. "Presses were
employed in New York, Philadelphia, and Boston. Nothing was forgotten.
The next monthly issue of the _Magazine_ had been made ready, and it was
reproduced at the earliest moment. One regular contributor, then in
Chicago, received the first news of the fire by a brief telegram: 'Copy
destroyed. Send fresh copy immediately.' Before the ruins were cleared
away the plans of the new buildings were ready, and the buildings
themselves were rapidly finished."
Public-domain text, read in full here on John Shaqi.
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