;
and Wall Street was the vortex of the financial whirlpool whose eddies
were troubling the whole land. Every body was anxious to get the first
news from the street, and to get it as full and reliable as possible. At
this time, too, our relations with France were exceedingly critical--a
circumstance which served to increase the trouble in financial matters.
Appreciating the anxiety which was generally felt on this subject, Mr.
Bennett resolved to create a demand for "The Herald" among the business
men of the country. On the 13th of June, 1835, just five weeks after the
establishment of the paper, he printed his first money article--the
first that ever appeared in an American newspaper. It was as follows:

COMMERCIAL.

Stocks yesterday maintained their prices during the session of the
Board, several going up. Utica went up 2 per cent.; the others
stationary. Large quantities were sold. After the Board adjourned
and the news from France was talked over, the fancy stocks
generally went down 1 to 1-1/2 per cent.; the other stocks quite
firm. A rally was made by the bulls in the evening under the trees,
but it did not succeed. There will be a great fight in the Board
to-day. The good people up town are anxious to know what the
brokers think of Mr. Livingston. We shall find out, and let them
know.

The cotton and flour markets rallied a little. The rise of cotton
in Liverpool drove it up here a cent or so. The last shippers will
make 2-1/2 per cent. Many are endeavoring to produce the impression
that there will be a war. If the impression prevails, naval stores
will go up a good deal. Every eye is outstretched for the
"Constitution." Hudson, of the Merchants News Room, says he will
hoist out the first flag. Gilpin, of the Exchange News Room, says
he will have her name down in his room one hour before his
competitor. The latter claims having beat Hudson yesterday by an
hour and ten minutes in chronicling the "England."

The money article was a success, and appeared regularly in "The Herald"
after this. It created a demand for the paper among the merchants, and
increased its circulation so decidedly that at the end of the third
month the daily receipts and expenditures balanced each other. Mr.
Bennett now ventured to engage a cheap police reporter, which gave him
more time to attend to other duties.

The paper now