Identifier: newyorkmetropoli00spra_0 (find matches)
Title: New York, the metropolis : its noted business and professional men.
Year: 1893 (1890s)
Authors: Sprague, John Franklin.
Subjects:
Publisher: (New York) : New York Recorder
Contributing Library: Columbia University Libraries
Digitizing Sponsor: The Durst Organization

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ed what he could from a small salaryas the cai)ital to begin business on. Keeping his ultimateobject in view, but saying nothing about it to even hisfriends, lest they might laugh at him, he worked unceasingly,storing his mind with the practical details of every dejjart-ment for future use. By rigid economy and the strictestself denial he saved a sum of money which a;)))eared in hiseyes, at tlie time, a sufficient capital to start on, but whichto-day would probably not ))ay the cost of the postage stampshe uses for a single mail. .\t length the time came when heinformed his emjjloyer he could serve him no longer, ashe was about to start out on his own hook in the ))ub-lishing business. And so Norman L, Munro went outof his employers office, walked downtown to the dingy,narrow, cramped building. No. 169 \\illiam Street, andthere launched the /uvnily Story Paper. But the dingybuilding was not the worst of it. The times were out ofjoint. It was in September, 1873, when Wall Street was in
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NEW YORK, THE METROrOLIS. lOl a panic and the Stock Exchange a howling bedlam, whenmen got up in the morning millionaires and went to bed thesame night paupers. It was on the very day when the crisisreached its climax that the first number of the New YorkFamily Story Paper was given to the public. The big andprosperous weeklies already in existence either sneered atthe venture or treated it with silent contempt, one of themterming it an insignificant rural sheet. But Mr. Munrowas not troubled about this. He sent out his paper on itsmerit, and the people, who are the supreme judges of merit,took to it and it increased in circulation, at first slowly,then more rapidly, all the time cutting into its rivals, untilnow it prints 400,000 copies a week to supply an ever in-creasing demand, and has added several other weeklies inlighter vein to the great and original Family Story Jafifr.The difficulties that he had to surmount, the obstacleshe had to overcome were very great. His growing busin

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