331. Another instance of the just application of machinery,
even at an increased expense, arises where the shortness of time
in which the article is produced, has an important influence on
its value. In the publication of our daily newspapers, it
frequently happens that the debates in the Houses of Parliament
are carried on to three and four o'clock in the morning, that is.
to within a very few hours of the time for the publication of the
paper. The speeches must be taken down by reporters, conveyed by
them to the establishment of the newspaper, perhaps at the
distance of one or two miles, transcribed by them in the office,
set up by the compositor, the press corrected, and the paper be
printed off and distributed, before the public can read them.
Some of these journals have a circulation of from five to ten
thousand daily. Supposing four thousand to be wanted, and that
they could be printed only at the rate of five hundred per hour
upon one side of the paper, (which was the greatest number two
journeymen and a boy could take off by the old hand presses),
sixteen hours would be required for printing the complete
edition; and the news conveyed to the purchasers of the latest
portion of the impression, would be out of date before they could
receive it.
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