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He was indeed compelled to do so unless he had enormous revenues from other sources, and ran his paper as a luxury costing a vast fortune a year. For in this industry the rule is either very great profits or very great and rapid losses losses at the rate of £100,000 at least in a year where a great daily paper is concerned. He was compelled then to respect his advertisers as his paymasters.
Once, after she had spoken at Fabyan's American Institute of Instruction, a military man, six feet tall, came up to her and said, "Do you remember at Memphis coming over to the officers' hospital?" "Yes," said Mrs. Livermore. While the officers were paid salaries, very often the paymasters could not find them when ill, and for months they would not have a penny, not even receiving army rations.
Paymasters had come down to pay off our men before their departure to a new sphere of action, and commissioners were also on hand from the several States to take the vote of our men in the presidential election then agitating the country.
He retaliated, however, for he had not been released two weeks until he beat one of the General's paymasters out of $19,000. It was on the Red River. I see he has settled down and quit sporting, and I am glad of it. Had he never seen a faro bank he would have been an immensely wealthy man thirty years ago. One night before the war I saw him lose $13,000 at one sitting.
In the event of war, so it was said, the British paymasters would let the redskins loose to massacre helpless women and children. Old men retold the outrages of these savage fiends during the War of Independence.
This was not the fault of the Earl, for he had fed them with his own generous hand in the Netherlands, week after week, when no money for their necessities could be obtained from the paymasters.
This helped to pass away time, but afforded little profit; and on the 11th of June, 1859, I wrote to Major D. C. Buel, assistant adjutant-general, on duty in the War Department with Secretary of War Floyd, inquiring if there was a vacancy among the army paymasters, or any thing in his line that I could obtain.
Thirdly, it is more easy and safer to make such alterations as experience has proved to be necessary than to forecast what is going to be wanted. Reformers are like paymasters, of whom there are only two bad kinds, those who pay too soon, and those who do not pay at all.
At first I could not have conceived how I should have attracted the attention of those worthy gentlemen, who earn their bread by the daily manufactory of lampoons: but I was soon informed that this is become a regular branch of business; and that the motives to carry it on are many. These motives originate in paymasters, of various descriptions: of whom the treasury is supposed to be the chief.
The army, by direction of the secretary of war, ceased to pay in United States money, and its paymasters were given credit at the Insular Treasury, where they obtained the necessary funds in Philippine currency. The government also authorized, in addition to the coinage of silver, the issuance of paper money in two, five, and ten peso notes.
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