the organs of the various religious bodies, and some devoted to the interests of trade and manufactures.
The best known weeklies are the literary, religious, and political papers, and of these the most noted are, Harper’s Weekly, Harper’s Bazaar, Frank Leslie’s Illustrated Newspaper, the Nation, the Chimney Corner, the Ledger, Home Journal, Weekly Review, Sunday Mercury, New York Weekly, Hearth and Home, the Sunday News, the Albion, Dispatch, Sunday Times, Citizen, Revolution, Spirit of the Times, and Police Gazette, among the secular papers. The most prominent religious journals are the Independent, Examiner, Evangelist, Methodist, Observer, Tablet, Liberal Christian, Christian Advocate, Christian Union, Christian Inquirer, and Church Journal.
The Ledger has the largest circulation, having an actual sale of 300,000 copies per week. It is so well known throughout the country that it would be superfluous to describe it here. It is the property of Mr. Robert Bonner, who has reaped a large fortune from it. Next in popularity is the New York Weekly, which is much inferior to the Ledger, but which claims a circulation of over 200,000 copies. There are about a dozen illustrated papers of various degrees of merit, Harper’s Weekly, the Bazaar, and Frank Leslie’s Illustrated Newspaper head the list in popularity and worth. The first and second claim a circulation of over one hundred thousand, and Frank Leslie claims about seventy-five thousand for his paper. Some of the other illustrated journals are simply indecent sheets, and should be suppressed. The Nation is regarded as the highest critical authority in the country, and holds here very much the position of the Saturday Review in London.
The literary journals are well conducted, and one will often find articles of genuine merit in some of the most unpretending. The reason is that journalists are unable to live on their salaries, as a rule, if they be married men, and are forced to make up the deficiency by contributing to the magazines and weekly papers. As a matter of course, they must dispose of their wares wherever there is a market, and where they are sure of being paid, even at starvation rates, for their labors. From $2.50 to $5.00 per
column is the rate of payment with the most of the weeklies, and many men and women with whose names and labors the literary world is familiar, are glad to write for them at this beggarly price as a means of increasing their legitimate incomes. The number of writers is very much in excess of the demand, and literature offers a thorny road to the majority of its followers in the metropolis.
The Sunday papers are generally high priced and nasty. They are entirely sensational in character, and are devoted to a class of news and literature which can hardly be termed healthy. They revel in detailed descriptions of subjects which are rigorously excluded from the daily papers, and abound in questionable advertisements. All of which they offer for Sabbath reading; and the reader would be startled to see into how many reputable households these dirty sheets find their way.
XV. WALL STREET.
I. THE STREET.
Wall Street begins on the east side of Broadway, opposite Trinity Church, and terminates at the East River. It is about half a mile from the extreme southern end of the island, and about the same distance from the City Hall. It is a narrow street, about fifty feet in width, and slopes gradually from Broadway to the river. It is lined on both sides with handsome brown stone, yellow stone, granite, marble, iron, and brick buildings, and the Treasury and Custom-House rear their magnificent fronts about midway between the termini of the street. They are diagonally opposite each other. The buildings are covered with a multiplicity of signs, rivalling the edifices of Nassau street, in this respect. Scarcely a house has less than a score of offices within its walls, and some contain at least three times as many. Space is valuable, and rents are high in Wall street, and many of the leading firms in it have to content themselves with small, dark apartments, which a conscientious man would hesitate to call an “office.” The rents paid for such quarters are enormous, and the buildings yield their owners large incomes every year. The streets running into Wall street, on the right and left, are also occupied for several blocks with the offices of bankers and brokers, and are all included in the general term “Wall street,” or “The Street.”
