He founded the "New Yorker," the best weekly paper in the United States, but it was not profitable.

When Harrison was nominated for President in 1840, Greeley started "The Log-Cabin," which reached the then fabulous circulation of ninety thousand.

But on this paper at a penny per copy he made no money.

His next venture was "The New York Tribune," price one cent.

To start it he borrowed a thousand dollars and printed five thousand copies of the first number.