LITMIR.BIZ

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the prospectus of a newspaper on which Webb was to be employed. This was resented by Franklin, and, to counteract the scheme, he and his friend Breintnal wrote some clever little essays for Bradford's newspaper under the title of the "Busy Body." In that dull sheet, they were, to borrow Shakespeare's image, like bright metal on sullen ground. Public attention was fixed upon them, and Keimer's prospectus was overlooked. He founded his newspaper nevertheless, and conducted it for nine months under the prolix name of the Universal Instructor in all Arts and Sciences and Pennsylvania Gazette. It never had, at any time, more than ninety subscribers, and, at the end of the nine months, in 1729, Franklin, who had for some time had his arms extended to catch it when it fell, bought it at a trifling price. Under his ownership, the cumbrous name of the paper was cut down simply to that of the Pennsylvania Gazette, and the absurd plan formed by Keimer of publishing an instalment of Chambers' Universal Dictionary of all the Arts and Sciences in every issue was abandoned for a strain of original comment and unctuous humor which made the Gazette in popularity second only to Poor Richard's Almanac. Under Franklin's hands, the paper assumed from the beginning a better typographical appearance than any previously known to the Province, and some spirited observations by him on a controversy between Governor Burnet and the Massachusetts Assembly, which called into play his aversion to political tyranny, aroused so much public attention that all the leading citizens of the Province became subscribers. Many other subscribers followed in their train, and the subscriptions went on continually increasing until in a few years, to quote Franklin's own words, the Gazette proved extremely profitable to him.

      This was one of the first good effects of my having learnt a little to scribble [he tells us], another was that the leading men, seeing a newspaper now in the hands of one who could also handle a pen, thought it convenient to oblige and encourage me. Bradford still printed the Votes and laws, and other publick business. He had printed an address of the House to the Governor, in a coarse, blundering manner; we reprinted it elegantly and correctly, and sent one to every member. They were sensible of the difference: it strengthened the hands of our friends in the House, and they voted us their printers for the year ensuing.

      Among these friends, was the grateful Andrew Hamilton.

      The young printer had pushed himself forward successfully enough to make his competition keenly felt by both Keimer and Bradford. But now unexpectedly, when all the omens were so fair, he found himself on the brink of ruin. For some time past, he had faithfully observed his obligations to Meredith, though his friends lamented his connection with him. Meredith was no compositor, and but a poor pressman, and, if he had been the best compositor or pressman in the world, he would have been a poor partner, for he was seldom sober. While Franklin was bearing him along on his back as well as he could, Meredith's father found himself unable to advance for the firm the second instalment of one hundred pounds, necessary to complete the payment for its printing outfit. The result was that the merchant, who had sold it to the firm, grew impatient, and sued them all. They gave bail, but realized that, if the money could not be raised in time, judgment and execution would follow, and that the outfit would be sold at half price. Then it was, to recall the simple and affecting words of Franklin himself in the Autobiography, that two true friends, William Coleman and Robert Grace, whose kindness he had never forgotten, and never would forget, while he could remember anything, came to him separately, unknown to each other, and, without any application from him, each offered to advance to him all the money that should be necessary to enable him to acquire the whole business of the firm, if that should be practicable.8 They did not like the idea of his continuing to be a partner of Meredith, who, they said, was often seen drunk in the streets, and playing at low games in alehouses to the discredit of the firm. Distressing, however, as his situation was, Franklin appears to have acted with a high-minded regard to the proprieties of the occasion. He told Coleman and Grace that, so long as there was any prospect that the Merediths might live up to their agreement, he was under too great obligations to them for what they had done, and would do, if they could, to suggest a dissolution of the partnership, but that, if they finally defaulted in the performance of their part of the agreement, and the partnership was dissolved, he would feel at liberty to accept the assistance of his friends.

      But he was astute as well as conscientious. After the matter had rested in this position for some time, he said to Meredith:

      Perhaps your father is dissatisfied at the part you have undertaken in this affair of ours, and is unwilling to advance for you and me what he would for you alone. If that is the case, tell me, and I will resign the whole to you, and go about my business.

      No, said he, my father has really been disappointed, and is really unable; and I am unwilling to distress him farther. I see this is a business I am not fit for. I was bred a farmer, and it was a folly in me to come to town, and put myself, at thirty years of age, an apprentice to learn a new trade. Many of our Welsh people are going to settle in North Carolina, where land is cheap. I am inclin'd to go with them, and follow my old employment. You may find friends to assist you. If you will take the debts of the company upon you; return to my father the hundred pound he has advanced; pay my little personal debts, and give me thirty pounds and a new saddle, I will relinquish the partnership, and leave the whole in your hands.

      Franklin agreed to this proposal. It was made the basis of a contract which was immediately signed and sealed. Meredith received the thirty pounds and the saddle, and soon afterwards went off to North Carolina, whence he sent to Franklin the next year two long letters containing the best account of the climate, soil, husbandry and other features of that Province that had been given up to that time. "For in those matters," adds Franklin, with his usual generosity, "he was very judicious. I printed them in the papers, and they gave great satisfaction to the publick."

      After the departure of Meredith for North Carolina, Franklin turned to the two friends who had proffered their help. He accepted from each of them, because he would not give an unkind preference to either, one half of the money he needed, paid off the debts of the partnership, advertised its dissolution and went on with the business in his own name. This was on July 14, 1730.

      Seasonably for him, there was a loud cry among the people at this time for a more abundant issue of paper money. The wealthier members of the community were all against the proposition. They feared that an addition to the existing paper circulation would depreciate, as it had done in New York, and that the debts due to them would be discharged by payment in a medium worth less than its nominal value. The question was discussed by the Junto, and Franklin argued in favor of the issue; being persuaded that the prosperity of the Province had been very much promoted by a small previous issue of paper money in 1723. He remembered, he says in the Autobiography, that, when he first walked about the streets of Philadelphia, eating his roll, most of the houses on Walnut Street, between Second and Front Streets, and many besides, on Chestnut and other streets, were placarded, "To be let"; which made him feel as if the inhabitants of Philadelphia were deserting the town one after the other; whereas at the time of this discussion all the old houses were occupied, and many new ones were in process of construction. Not content with presenting his views on the subject to the Junto, he wrote an anonymous pamphlet on it entitled The Nature and Necessity of a Paper Currency. This pamphlet was well received by the common people, he tells us, but met with the disfavor of the rich, because it swelled the clamor for more money. Their opposition, however, for lack of writers, competent to refute its reasoning, languished, and the issue was authorized by the Assembly. Franklin's friends in the house rewarded him for his part in the controversy over it by employing him to print the money. "A very profitable jobb and a great help to me," remarks Franklin complacently in the Autobiography, and he adds, "This was another advantage gain'd by my being able to write."

      Through the influence of his friend Hamilton, he likewise secured the contract for printing the paper money, issued by the Three Lower Counties on the Delaware. "Another profitable jobb as I then thought it," he says, "small things appearing great to those in small circumstances." Hamilton also procured for him the privilege of printing the laws and legislative proceedings of the Three Lower Counties, and he retained it as long as he remained in the printing business. Now, for the first time, he felt that his position was assured enough for him to open up a small stationery shop, where he sold blanks of all sorts, paper, parchment, chapmen's books and other such wares. The

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