five hundred and twenty; the paper bill was about the same as in 1864,
but the telegraphic expenses ran up to fifteen thousand dollars. The
circulation in 1866 averaged forty-five thousand eight hundred and
forty-eight, and on several occasions rose to seventy thousand and more.
Twenty-one compositors were regularly employed, and the average weekly
composition bill was five hundred dollars. Paper that year cost one
hundred and fifty-two thousand dollars, and the telegraph bill was
fifteen thousand five hundred dollars. In 1867 seventy persons were on
the Herald's payroll, a larger number than ever before. The circulation
showed a steady gain, and the average for the year was fifty-two
thousand one hundred and eighteen. The paper bill was one hundred
and fifty-six thousand dollars, and the expense of telegraphing,
twenty-three thousand dollars. In 1868 the circulation continued to
increase, and the daily average reached fifty-four thousand seven
hundred and forty; white paper cost one hundred and fifty-three thousand
dollars, and telegraphing, twenty-eight thousand dollars.

In 1869 occurred an important event in the Herald's history. Mr. Bailey,
who had acquired an interest in 1855 and became sole proprietor a year
later, decided to sell out, and on April 1 it was announced that he had
disposed of the paper to Royal M. Pulsifer, Edwin B. Haskell, Charles H.
Andrews, Justin Andrews, and George G. Bailey. All these gentlemen were
at the time and had for some years previously been connected with the
Herald: the first-named in the business department, the next three on
the editorial staff, and the last as foreman of the composing-room. In
announcing their purchase, the firm, which was then and ever since has
been styled R.M. Pulsifer and Company, said in the editorial column: "We
shall use our best endeavors to make the Herald strictly a newspaper,
with the freshest and most trustworthy intelligence of all that is going
on in this busy age; and to this end we shall spare no expense in any