My two partners left me to ferret out what information they could, particularly to spot, if possible, the winner for the coming Saturday's races. If we could only strike, say, three or four winners for Saturday our fortune was made. I looked forward to printing an issue of fifty thousand copies on the Tuesday morning, the Cup Day, giving the last and final and correct tip for that great race. I treated myself to an excellent dinner at my club, and could hardly realize that with all the disadvantages of inexperience and want of knowledge in business matters my success had been so quickly and soundly assured. The first of the rather rude awakenings, which came to me next morning, was a message sent on to the office, where I was sitting after having supervised the departure of the delivery carts to their several distributing localities, arranged for on the previous day, to the effect that no news-sellers were available at the arranged places, and asking for instructions. I sent for a cab and started for the places where the delivery carts were waiting. What a change from the previous day! Either something had gone radically wrong with the advertising of the change in the place and mode of distribution, or else the news-sellers had been tampered with in some way or another. Not one was to be found. Then I remembered the agreement with the advertisers. Ten thousand copies had to be distributed throughout the city and suburbs. There was only one remedy. The delivery carts must deliver them, as widely as was possible, but, of course, free of charge. You will doubtless have noticed that this was the second issue of the paper which had been made without as yet one penny having been returned to the promoters. On returning to the office I found a well-known Jew of that day, who, I had been told, was the boss of the news-sellers and who practically had them all in the palm of his hand. He informed me straight out that he had passed the word round that any vendor, man, woman or child, who sold the _Turf Tissue_ would be struck off the list of their evening paper sellers, whom he absolutely controlled. The explanation for the morning's failure was clear. But what was more clear was the unrelenting spirit in which my visitor absolutely refused to come to any terms which might lead to an amicable settlement. He delivered his ultimatum like a Napoleon. He would have no truck with new-fangled ideas which might interfere with the sale of the old-established newspaper. He informed me he had not the slightest ill-feeling personally in the matter; in fact, he went so far as to say that if I had only conferred with him before launching my scheme he would have gladly advised me of the futility of it. Bowing himself out, he departed. I had not the least inclination to step over to Scott's and have a glass of bubbly. I simply had to count up what our losses then amounted to. They were as follows, roughly: