Trouble now came thick and fast. Vanity Fair was brought to an end. Frank Leslie found that he no longer required my services, and paid my due, which was far in arrears, in his usual manner, that is, by orders on advertisers for goods which I did not want, and for which I was charged double prices. Alexander Cummings had a very ingenious method of “shaving” when obliged to pay his debts. His friend Simon Cameron had a bank—the Middleton—which, if not a very wild cat, was far from tame, as its notes were always five or ten per cent. below par, to our loss—for we were always paid in Middleton. I have often known the clerk to take a handful of notes at par and send out to buy Middleton wherewith to pay me. I am sorry to say that such tricks were universal among the very great majority of proprietors with whom I had dealings. To “do” the employés to the utmost was considered a matter of course, especially when
the one employed was a “literary fellow” of any kind or an artist.
I should mention that while in New York I saw a great deal of Bayard Taylor and his wife. I had known him since 1850 and was intimate with him till his death. He occupied the same house with the distinguished poet R. H. Stoddard. I experienced from both much kindness. We had amusing Saturday evenings there, where droll plays were improvised, and admirable disguises made out of anything. In after years, in London, Walter H. Pollock, Minto (recently deceased), and myself, did the same. One night, in the latter circle, we played Hamlet, but the chief character was the Sentinel, who stared at the Ghost with such open-jawed horror—“bouche béante, rechignez!”—and so prominently, that poor Hamlet was under a cloud. Pollock’s great capuchon overcoat served for all kinds of mysterious characters. We were also kindly entertained many a time and oft in New York by Mr. and Mrs. Charles A. Dana.
My engagement expired on the Times—where, by the way, I was paid in full in good money—and I found myself without employment in a fearful financial panic. During the spring and early summer we had lived at the Gramercy Park Hotel; we now went to a very pleasant boarding-house kept by Mrs. Dunn, on Staten Island. My old friend, George Ward, and G. W. Curtis, well known in literature and politics (who had been at Mr. Greene’s school), lived at no great distance from us. The steamboats from New York to Staten Island got to racing, and I enjoyed it very much, but George Ward and some of the milder sort protested against it, and it was stopped; which I thought rather hard, for we had very little amusement in those dismal days. I was once in a steamboat race when our boat knocked away the paddle-box from the other and smashed the wheel. From the days of the Romans and Norsemen down to the present time, there was never any form of amusement discovered so daring, so dangerous, and so exciting as a steamboat
race, and nobody but Americans could have ever invented or indulged in it.
The old Knickerbocker Magazine had been for a long time running down to absolutely nothing. A Mr. Gilmore purchased it, and endeavoured to galvanise it into life. Its sober grey-blue cover was changed to orange. Mr. Clark left it, to my sorrow; but there was no help for it, for there was not a penny to pay him. I consented to edit it for half ownership, for I had an idea. This was, to make it promptly a strong Republican monthly for the time, which was utterly opposed to all of Mr. Clark’s ideas.
I must here remark that the financial depression in the North at this time was terrible. I knew many instances in which landlords begged it as a favour from tenants that they would remain rent-free in their houses. A friend of mine, Mr. Fales, one day took me over two houses in Fifth Avenue, of which he had been offered his choice for $15,000 each. Six months after the house sold for $150,000. Factories and shops were everywhere closing, and there was a general feeling that far deeper and more terrible disasters were coming—war in its worst forms—national disintegration—utter ruin. This spirit of despair was now debilitating everybody. The Copperheads or Democrats, who were within a fraction as numerous as the Republicans, continually hissed, “You see to what your nigger worship has brought the country. This is all your doing. And the worst is to come.” Then there was soon developed a class known as Croakers, who increased to the end of the war. These were good enough Union people, but without any hope of any happy issue in anything, and who were quite sure that everything was for the worst in this our most unfortunate of all wretched countries. Now it is a law of humanity that in all great crises, or whenever energy and manliness is needed, pessimism is a benumbing poison, and the strongest optimism the very elixir vitæ itself. And by a marvellously strange inspiration (though it was founded on cool, far-sighted calculation),
I, at this most critical and depressing time, rose to extremest hope and confidence, rejoicing that the great crisis had at length come, and feeling to my very depths of conviction that, as we were sublimely in the right, we must conquer, and that the dread portal once passed we should find ourselves in the fairy palace of prosperity and freedom. But that I was absolutely for a time alone amid all men round me in this intense hope and confidence, may be read as clearly as can be in what I and others published in those days, for all of this was recorded in type.
Bayard Taylor had been down to the front, and remarked carelessly to me one day that when he found that there was already a discount of 40 per cent. on Confederate notes, he was sure that the South would yield in the end. This made me think very deeply. There was no reason, if we could keep the Copperheads subdued, why we should not hold our own on our own territory. Secondly, as the war went on we should soon win converts. Thirdly, that the North had immense resources—its hay crop alone was worth more than all the cotton crop of the South. And fourthly, that when manufacturing and contract-making for the army should once begin, there would be such a spreading or wasting of money and making fortunes as the world never witnessed, and that while we grew rich, the South, without commerce or manufactures, must grow poor.
I felt as if inspired, and I wrote an article entitled, “Woe to the South.” At this time, “Woe to the North” was the fear in every heart. I showed clearly that if we would only keep up our hearts, that the utter ruin of the South was inevitable, while that for us there was close at hand such a period of prosperity as no one ever dreamt of—that every factory would soon double its buildings, and prices rise beyond all precedent. I followed this article by others, all in a wild, enthusiastic style of triumph. People thought I was mad, and the New York Times compared my utterances to the outpourings of a fanatical Puritan in the time of Cromwell.