nd rumor
become, that Lord Brougham was compelled to write another letter
contradicting it.

The next great event in the history of journalism is the commercial
libel case, Boyle _versus_ Lawson, the printer of _The Times_. Barnes
had died, and had been succeeded by John T. Delane, a nephew of Mr.
Walter, as editor, who still continues to occupy that responsible post.
The matter originated thus: In May, 1841, _The Times_ published a letter
from the Paris correspondent, containing the particulars of an organized
system of forgery on a gigantic scale, which had been agreed on by
certain persons, whose names were published in full. The plan was to
present simultaneously at the chief Continental cities letters of credit
purporting to emanate from Glynn & Co., the London bankers. The
confederates had fixed the sum they meant to realize at one million, and
had actually secured more than L10,000 before the plot was discovered.
One of them was Boyle, a banker, of good position, at Florence, and he
brought an action for libel and defamation. He pressed on the trial, but
_The Times_ maintained its ground, and at an enormous expense despatched
agents all over the Continent to collect evidence. _The Times_
triumphantly succeeded in proving the truth of what it--_The Times_ is
always spoken and written of as an individual--had printed; but as the
old law--the greater the truth the greater the libel--still existed, the
jury were compelled to find a verdict for the plaintiff, which they did,
with one farthing damages, and the judge clinched the matter by refusing
the plaintiff his costs. Universal joy was expressed at the result of
the trial, and public meetings were called together in London and the
chief Continental cities for the purpose of making a subscription to
defray the expenses of _The Times_ in defending the action. The
proprietors, however, declined this, but said that, at the same time,
they should feel much gratified if a sum of money were raised for some
public object in commemoration of the event. Accordingly it was decided
to found two scholarships in perpetuity for Christ's Hospital and the
City of London School at the Universities of Oxford and Cambridge, to be
called the Times' Scholarships, and the nomination to them to be placed
in the hands of the proprietors of _The Times_ in perpetuity. Two marble
tablets were also voted, at the cost of a hundred and fifty guineas
each, with commemorative inscriptions, one to