es, who was a good workman, knew
him it would be a good policy to wait and see the result. As it was a
very difficult job no wonder that Greeley's proof looked as though it
had the measles, but as he was retained he must have done as well if not
better than was expected. When the job was finished he was thrown out of
employment, and he shifted about for some time doing odd jobs; in fact
it must have been very discouraging, but finally he obtained employment
on the _Spirit of the Times_, and afterward formed a business
partnership with Mr. Story who, with Mr. Greeley, invested about $240.
They established a penny paper, and were moderately successful, but Mr.
Story was drowned and his place was filled by another. His connection
with the _New Yorker_ was his next business venture. While on this
paper he was also editor of a paper in Albany, and a regular contributor
to the _Daily Whig_. When we think that he gave himself only four hours
sleep out of the twenty-four, we can realize how he could find time to
edit two papers and write for the third, but despite this assiduousness
his enterprise failed and he thereby lost $10,000.
Greeley's opinion on economy was clearly defined when he said: "For my
own part, and I speak from sad experience, I would rather be a convict
in States Prison or a slave in a rice swamp, than to pass through life
under the harrow of debt. If you have but fifty cents and can get no
more for the week, buy a peck of corn, parch it, and live on it rather
than owe any man a dollar." He next started the _Log Cabin_. It was
started in the beginning of 1840, designed to be run six months and then
discontinued. Into this undertaking Horace Greeley threw all his energy
and ability, guided by his experience. In those days a journal with a
circulation of ten thousand was a big concern. When an edition of nearly
fifty thousand of its first issue was called for, the publishers were
beside themselves, and later when the _Log Cabin_ ran up a circulation
of eighty and even ninety thousand, the proprietors were frantic as to
how they should get them printed. It is needless to say that the _Log
Cabin_ outlived its original expectations.
Ultimately the _Log Cabin_ and the _New Yorker_ were merged into the
_New York Tribune_. As is a recognized fact, Greeley was stronger in a
fight than in peace, and the attacks which this new enterprise received
soon run its circulation from the hundreds into the thousands. Of course
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