So far our story has been one of failure. There is, however, plenty of evidence that the time was ripe for success. The new country was growing rapidly. The Americans, then as now, were insatiable readers, especially of newspapers. The demand for type was constantly increasing. America was becoming more and more independent, more and more desirous of supplying her own wants, and more and more impatient of the inconvenience, expense, and delay involved in ordering such merchandise as type from England. If the persistency and courage of the elder Bain had been shared by his family unquestionably fortune would have been easily within their grasp, but they paid the penalty of their lack of good business qualities. We come now to the story of the first permanently successful type foundry in America, a foundry which continued in vigorous existence until the erection of the Jersey City foundry of the American Type Founders Company, with which it was merged. There met one day in an ale house in Philadelphia two men whose lives were thenceforth to run together. I suspect that they were drawn together in the first place by the fact that they were both Scotchmen, and that in their first contact they showed each other the qualities which bound them together. They were Archibald Binney and James Ronaldson. Binney had learned and practiced the trade of type founding in Edinburgh, Scotland. Ronaldson was a biscuit-maker, out of business because of the burning of his establishment, but with some ready money in hand. It seemed to Binney that here was a heaven-sent opportunity to combine his knowledge with Ronaldson’s capital and enter under the most favorable circumstances the business of type founding. At this date there was no active foundry in America. The successful Bain concern had been closed out. The Sauer business, if active at all at this time, was only an adjunct to a printing office, while Mappa was finding it impossible to get started. They accordingly agreed to enter the business as equal partners, Binney putting in his tools, which were appraised at $888.88, while Ronaldson put in the same amount in cash.