"A Timon you? Nay, nay, for shame!
It looks too arrogant a jest—
That fierce old man—to take his name,
You bandbox! Off, and let him rest."

Albert Smith left Punch many years before his death. In 1845, on his return from the East, Mr. Thackeray began his "Jeames's Diary," and became a regular contributor. Gilbert à Beckett was now beginning his "Comic History of England" and Douglas Jerrold his inimitable "Caudle Lectures." Thomas Hood occasionally contributed, but his immortal "Song of the Shirt" was his chef-d'œuvre. Coventry Patmore contributed once to Punch; his verses denounced General Pellisier and his cruelty at the caves of Dahra. Laman Blanchard occasionally wrote; his best poem was one on the marriage and temporary retirement of charming Mrs. Nisbett. In 1846 Thackeray's "Snobs of England" was highly successful. Richard Doyle's "Manners and Customs of ye English" brought Punch much increase. The present cover of Punch is by Doyle, who, being a zealous Roman Catholic, eventually left Punch when it began to ridicule the Pope and condemn Papal aggression. Punch in his time has had his raps, but not many and not hard ones. Poor Angus B. Reach (whose mind went early in life), with Albert Smith and Shirley Brooks, ridiculed Punch in the Man in the Moon, and in 1847 the Poet Bunn—"Hot, cross Bunn"—provoked at incessant attacks on his operatic verses, hired a man of letters to write "A Word with Punch" and a few smart personalities soon silenced the jester. "Towards 1848," says Mr. Blanchard, "Douglas Jerrold, then writing plays and editing a magazine, began to write less for Punch." In 1857 he died. Among the later additions to the staff were Mr. Tom Taylor and Mr. Shirley Brooks.

The Dispatch (No. 139, north) was established by Mr. Bell, in 1801. Moving from Bride Lane to Newcastle Street, and thence to Wine Office Court, it settled down in the present locality in 1824. Mr. Bell was an energetic man, and the paper succeeded in obtaining a good position; but he was not a man of large capital, and other persons had shares in the property. In consequence of difficulties between the proprietors there were at one time three Dispatches in the field—Bell's, Kent's, and Duckett's; but the two last-mentioned were short-lived, and Mr. Bell maintained his position. Bell's was a sporting paper, with many columns devoted to pugilism, and a woodcut exhibiting two boxers ready for an encounter. But the editor (says a story more or less authentic), Mr. Samuel Smith, who had obtained his post by cleverly reporting a fight near Canterbury, one day received a severe thrashing from a famous member of the ring. This changed the editor's opinions as to the propriety of boxing—at any-rate pugilism was repudiated by the Dispatch about 1829; and boxing, from the Dispatch point of view, was henceforward treated as a degrading and brutal amusement, unworthy of our civilisation.

Mr. Harmer (afterwards Alderman), a solicitor in extensive practice in Old Bailey cases, became connected with the paper about the time when the Fleet Street office was established, and contributed capital, which soon bore fruit. The success was so great, that for many years the Dispatch as a property was inferior only to the Times. It became famous for its letters on political subjects. The original "Publicola" was Mr. Williams, a violent and coarse but very vigorous and popular writer. He wrote weekly for about sixteen or seventeen years, and after his death the signature was assumed by Mr. Fox, the famous orator and member for Oldham. Other writers also borrowed the well-known signature. Eliza Cooke wrote in the Dispatch in 1836, at first signing her poems "E." and "E.C."; but in the course of the following year her name appeared in full. She contributed a poem weekly for several years, relinquishing her connection with the paper in 1850. Afterwards, in 1869, when the property changed hands, she wrote two or three poems. Under the signature "Caustic," Mr. Serle, the dramatic author and editor, contributed a weekly letter for about twenty-seven years; and from 1856 till 1869 was editor-in chief. In 1841-42 the Dispatch had a hard-fought duel with the Times. "Publicola" wrote a series of letters, which had the effect of preventing the election of Mr. Walter for Southwark. The Times retaliated when the time came for Alderman Harmer to succeed to the lord mayoralty. Day after day the Times returned to the attack, denouncing the Dispatch as an infidel paper; and Alderman Harmer, rejected by the City, resigned in consequence his aldermanic gown. In 1857 the Dispatch commenced the publication of its famous "Atlas," giving away a good map weekly for about five years. The price was reduced from fivepence to twopence, at the beginning of 1869, and to a penny in 1870.

ST. BRIDE'S CHURCH, FLEET STREET, AFTER THE FIRE, 1824

The Daily Telegraph office is No. 136 (north). Mr. Ingram, of the Illustrated London News, originated a paper called the Telegraph, which lasted only seven or eight weeks. The present Daily Telegraph was started on June 29, 1855, by the late Colonel Sleigh. It was a single sheet, and the price twopence. Colonel Sleigh failing to make it a success, Mr. Levy, the present chief proprietor of the paper, took the copyright as part security for money owed him by Colonel Sleigh. In Mr. Levy's hands the paper, reduced to a penny, became a great success. "It was," says Mr. Grant, in his "History of the Newspaper Press," "the first of the penny papers, while a single sheet, and as such was regarded as a newspaper marvel; but when it came out—which it did soon after the Standard—as a double sheet the size of the Times, published at fourpence, for a penny, it created quite a sensation. Here was a penny paper, containing not only the same amount of telegraphic and general information as the other high-priced papers—their price being then fourpence—but also evidently written, in its leading article department, with an ability which could only be surpassed by that of the leading articles of the Times itself. This was indeed a new era in the morning journalism of the metropolis." When Mr. Levy bought the Telegraph, the sum which he received for advertisements in the first number was exactly 7s. 6d. The daily receipts for advertisements are now said to exceed £500. Mr. Grant says that the remission of the tax on paper brought £12,000 a year extra to the Telegraph. Ten pages for a penny is no uncommon thing with the Telegraph during the Parliamentary session. The returns of sales given by the Telegraph for the half-year ending 1870 show an average daily sale of 190,885; and though this was war time, a competent authority estimates the average daily sale at 175,000 copies. One of the printing-machines recently set up by the proprietors of the Telegraph throws off upwards of 200 copies per minute, or 12,000 an hour.