printed. Only one feeder is necessary.

Nearly all the city newspapers are located in or around Printing House
Square, immediately opposite and east of the City Hall. One of the
greatest curiosities of this square is a huge engine, which runs a large
number of presses. It is situated in Spruce street, between William and
Nassau streets, and occupies the basement of the building in which it is
located. There are two engines here--one of 150 horse power, which is
used during the day, and a smaller one of 75 horse power, which relieves
it at night. Shafting and belting carry the power in every direction
from the engine. One hundred and twenty-five presses are worked by these
engines--each being estimated at so much horse power, and charged
accordingly. They turn three-quarters of a mile of main shafting,
besides a mile or more of connecting shafts, and as much belting. One of
these belts, an India rubber one, 120 feet long, connects a fifth story
press on Nassau street with the main shafting on Spruce street, across
the intervening yards, and another of leather, on Beekman street, 140
feet, perfectly perpendicular, connects the sub-cellar and the attic.
Some of the shafting passes under and across the streets. Over fifty
newspapers and literary papers, besides magazines and books innumerable,
are printed by this monster engine.

The salaries paid by the newspapers are not large. Those who receive
what is seemingly high pay do an amount of work out of proportion to
their compensation. Mr. Greeley receives $10,000 per annum. Mr. Reid,
the managing editor of the _Tribune_, receives $5000. Mr. Sinclair, the
publisher, receives $10,000. These are considered good salaries. Any
one familiar with the cost of living in New York will not think them very
much in excess of the wants of their recipients, who are men with
families.

As a newspaper, the _New York Herald_ stands at the head of the city
dailies. It aims to be a vehicle for imparting the latest news of the
day, and as such it is a great success. Nobody cares for its opinions
editorially expressed, for it is the general belief that the _Herald_ has
no fixed opinions. It is valued here simply as a newspaper. It is
beyond a doubt the most energetic, and the best managed _newspaper_ in
the city. Mr. James Gordon Bennett, the elder, has no rival in the art
of conducting a popular journal, but his son, Mr. J. G. Bennett, jr.,
does not seem to inherit his fat