CHAPTER VII.
THE WALTERS OF THE TIMES: INVENTION OF THE WALTER PRESS.
"Intellect and industry are never incompatible.

There is more wisdom, and will be more benefit, in combining them than scholars like to believe, or than the common world imagine.

Life has time enough for both, and its happiness will be increased by the union."-- SHARON TURNER.
"I have beheld with most respect the man Who knew himself, and knew the ways before him, And from among them chose considerately, With a clear foresight, not a blindfold courage; And, having chosen, with a steadfast mind Pursued his purpose." HENRY TAYLOR--Philip van Artevelde.
The late John Walter, who adopted Koenig's steam printing press in printing The Times, was virtually the inventor of the modern newspaper.
The first John Walter, his father, learnt the art of printing in the office of Dodsley, the proprietor of the 'Annual Register.' He afterwards pursued the profession of an underwriter, but his fortunes were literally shipwrecked by the capture of a fleet of merchantmen by a French squadron.

Compelled by this loss to return to his trade, he succeeded in obtaining the publication of 'Lloyd's List,' as well as the printing of the Board of Customs.

He also established himself as a publisher and bookseller at No.