My engagement expired on the _Times_--where, by the way, I was paid in full in good money--and I found myself without employment in a fearful financial panic. During the spring and early summer we had lived at the Gramercy Park Hotel; we now went to a very pleasant boarding-house kept by Mrs. Dunn, on Staten Island. My old friend, George Ward, and G. W. Curtis, well known in literature and politics (who had been at Mr. Greene's school), lived at no great distance from us. The steamboats from New York to Staten Island got to racing, and I enjoyed it very much, but George Ward and some of the milder sort protested against it, and it was stopped; which I thought rather hard, for we had very little amusement in those dismal days. I was once in a steamboat race when our boat knocked away the paddle-box from the other and smashed the wheel. From the days of the Romans and Norsemen down to the present time, there was never any form of amusement discovered so daring, so dangerous, and so exciting as a steamboat race, and nobody but Americans could have ever invented or indulged in it. The old _Knickerbocker Magazine_ had been for a long time running down to absolutely nothing. A Mr. Gilmore purchased it, and endeavoured to galvanise it into life. Its sober grey-blue cover was changed to orange. Mr. Clark left it, to my sorrow; but there was no help for it, for there was not a penny to pay him. I consented to edit it for half ownership, for I had an idea. This was, to make it promptly a strong Republican monthly for the time, which was utterly opposed to all of Mr. Clark's ideas.