Year: 1879

whipped in the streets by the editor of the London Telegraph. The cause of the assault was an article in Truth on the publisher of the 2elegrapA who had just died. The article in question said: Lionel Lawson, whose death took place last week, was cognate parsonage 1n London, and was singular instance of the good luck that attends some per sons through life. He was born with either no fortune or with very small one, and his real name was Levy. Why and when he altered it to Lawson I never heard, but some fve-and-twenty years ago he had established a pros- porous ink nanufactory in Paris, and was known to his friends as " Inkerman Lawson" At that time the penny Lon don daily press did not exist. The first attempt in this direction was made by Ool. Sleigh, who brought out news paper of one sheet, called the Daily Telegraph. It was printed by a printer in small way of the name of Levy, who was a brother of Lawson. The Colonel soon came to the end of his re- sources, and the printer took over the paper for what was due to him. Law son then advanced s1, 500 to carry it on, G500 of which he had himself, 9500 he borrowed, and the third $500 he ob- tained from fund of which he was a trustee. In consideration of this ad- vance it was agreed that he should re- ceive half the possible profits of the undertaking. Still the Daily Telegraph did not prosper, and Levy was obliged to obtain further funds by selling a share to publican named Moss, who owned pot-house in the neighborhood of the printing office. The new supply of funds was nearly exhausted when the paper duty was taken off, and then the Daily Telegraph entered into the ca- reer which has been so financially suc- cessful.

 Lawson never interfered with the man. agement of the paper, but left this en- tirely in the hands of his brother and his nephew, contenting himself with the bargain by which he received half the annual profits. With these profits he bought houses and securities. What ever he touched turned to gold. If he purchased real estate, it at once became more valuable if he bought the most depreciated of securities, they were cer- tain to rise in the market. The amount of money of which he died possessed must have been something enormous. Although not genius, he was shrewd and clever man, and he was 8 very pleasant companion. used to know him very we'll, and although I never concealed from him my low opinion of the DGdlg Telegraph as an organ of public opinion, we were always the best of friends. He cannot be said to have been sordidly stingy, for he never denied himself of the best of everything, and l really believe had I told him that e5 would have saved my life, he would have given me this sum. But his mania was to die an exceedingly rich man.

 I remember that he once came to me to propose that 8 combination should be entered into between the London papers to force the First Lord of the Admiralty to take them "out and out, '' and not on "sale and return." "But surely, my good friend" said, "you make more money already than you know how to spend" "That,'' he replied, "is not the question. There are people who say that if only I live long enough I shall die the richest commoner in England, but if Smith does not accept the fair risks of trade he will die richer than me-" looked at him to see if he were joking but not at all. He had almost tears in his eyes at the thought of this possibility.