consolidation of the two on an equal basis. He was willing enough for the
consolidation, but not on equal terms. There was nothing for it but a
fight. I took the Journal and began to hammer the Courier.

A dead summer was before us, but Mr. Henderson had plenty of money and was
willing to spend it. During the contest not an unkind word was printed on
either side. After stripping the Journal to its heels it had very little
to go on or to show for what had once been a prosperous business. But
circulation flowed in. From eighteen hundred daily it quickly mounted to
ten thousand; from fifteen hundred weekly to fifty thousand. The middle of
October it looked as if we had a straight road before us.

But I knew better. I had discovered that the field, no matter how worked,
was not big enough to support two rival dailies. There was toward the last
of October on the edge of town a real-estate sale which Mr. Haldeman and I
attended. Here was my chance for a play. I must have bid up to a hundred
thousand dollars and did actually buy nearly ten thousand dollars of the
lots put up at auction, relying upon some money presently coming to my
wife.

I could see that it made an impression on Mr. Haldeman. Returning in the
carriage which had brought us out I said: "Mr. Haldeman, I am going to ruin
you. But I am going to run up a money obligation to Isham Henderson I shall
never be able to discharge. You need an editor. I need a publisher. Let
us put these two newspapers together, buy the Democrat, and, instead of
cutting one another's throats, go after Cincinnati and St. Louis. You will
recall that I proposed this to you in the beginning. What is the matter
with it now?"

Nothing was the matter with it. He agreed at once. The details were soon