Labouchere's preliminary article in the _World_[16] was extremely
droll. It began as follows: "Some years ago, Mr. John F. Walker,
having derived a considerable fortune from cheating at cards in
Mississippi steamboats, determined to enjoy his well-earned gains in
his native city of New York, and purchased an excellent house in that
metropolis. In order to add to his income he advertised that he was
a {107} 'reformed gambler,' and, for a consideration, would instruct
novices in all the tricks of his trade. Mr. Walker was universally
esteemed by his fellow-citizens, and died last year, greatly
regretted by a numerous body of friends and admirers. In casting
about for the city editor for our journal, we have fallen upon a
gentleman, who, by promoting rotten companies, puffing worthless
stock, and other disreputable, but strictly legal, devices, has
earned a modest competence. He resides in a villa at Clapham, he
attends church every Sunday with exemplary regularity, and is the
centre of a most respectable circle of friends; many of his old
associates still keep up their acquaintance with him, and therefore
he is in a position to know all that passes in the city. This
reformed speculator we have engaged to write our city article."
The staff of writers selected by Mr. Yates for the first year of the
_World_ was a singularly efficient one. It comprised, besides Mr.
Labouchere, Mr. T. H. S. Escott, Dr. Birkbeck Hill, Lord Winchelsea
(who contributed articles on racing and turf matters), M. Camilla
Barrère, Mrs. Lynn Linton, Mr. F. I. Scudamore, Mr. Archibald Forbes,
and Mr. Henry Lucy (who commenced, in the eighth number, his series
of Parliamentary Sketches, "Under the Clock"). But, in spite of the
excellent writers engaged on its production, the _World_ did not sell
well. Again it was the _main heureuse_ of Henry Labouchere that gave
the necessary push to make the new weekly go. Mr. Yates writes as
follows: "Mr. Labouchere was dealing with City matters in a way which
they had never been dealt with before, and ruthlessly attacking and
denouncing Mr. Sampson, the city editor of the _Times_, whose
position and virtue had hitherto been considered impregnable. All
these features ... received due appreciation from our provincial
_confrères_, and the 'trade,' but, as yet, they seemed to have made
no impression on the public. We were in the desperate condition of
having a good article to sell without the power of making that fact
known. At last, and just in the nick of time, we obtained the
requisite {108} public notice, and without paying anything for it. A
stockbroker, a member of the Stock Exchange, who conceived himself
likely to be attacked for certain practices by Mr. Labouchere in the
city article, threatened to horsewhip that gentleman, should such
observations appear, and Mr. Labouchere had the would-be assailant
brought before the Lord Mayor for threatening to commit a breach of
the peace.
Public-domain text, read in full here on John Shaqi.
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