On the 6th of May, 1835, the _New York Herald_ made its appearance. It was a small penny paper. Mr. Bennett was editor, reporter, and correspondent; he collected the city news, and wrote the money articles; he resolved to make the financial feature of his paper a marked one; he owed nothing to the Stock Board. If he was poor, he was not in debt; he did not dabble in stocks; he had no interest in the bulls and bears; he could pitch into the bankers and stock-jobbers as he pleased, as he had no interest one way or the other. He worked hard, he rose early, was temperate and frugal, and seemed to live only for his paper. He was his own compositor and errand-boy; collected his own news, mailed his papers, kept his accounts, and he grew rich. His marble palace was the most complete newspaper establishment in the world. Before the _Herald_ buildings were completed, and while he was making a savage attack on the national banks, he was waited upon by the president of one of them, who said to him—“Mr. Bennett, we know that you are at great expense in erecting this building, besides carrying on this immense business. If you want any accommodation, you can have it at our bank.” Mr. Bennett replied—“Before I purchased the land, or began to build, I had, on deposit, 250,000 dollars in the Chemical Bank. There is not a dollar due on the _Herald_ buildings that I cannot pay. I would pay off the mortgage to-morrow if the mortgagee would allow me to. When the building is open, I shall not owe a dollar to any man if I am allowed to pay. I owe nothing that I cannot discharge in an hour. I have not touched one dollar of the money on deposit in the bank; and while that remains I need no accommodation.” One secret of his success is soon told—“He can command the best talent in the world for his paper. He pays liberally for fresh news, of which he has the exclusive use. If a pilot runs a steamer hard, or an engineer puts extra speed on his locomotive, they know that they will be well paid for it at the _Herald_ office, for its owner does not higgle about the price. When news of the loss of Collins’ steamer was brought to the city, late on a Saturday night, the messenger came direct to the _Herald_ office. The price demanded was paid; but the messenger was feasted and confined in the building until the city was flooded with extra Sunday morning copies. The _attachés_ of the _Herald_ are found in every part of the civilised world; they take their way where heroes fear to travel. If in anything they are outdone, outrun, outwritten, if earlier and fresher news is allowed to appear, a sharp, pungent letter is written, either discharging the writer, or sending him home. During the war, the _Herald_ establishment at Washington was a curiosity. The place was as busy as the War Department. Foaming horses came in from all quarters, ridden by bespattered letter-carriers. Saddled horses were tied in front of the door like the head-quarters of a general.