Note 285 — II THE RATE FOR NEWSPAPERS

"2755. Chairman: That penny which was left when the stamp was reduced, was called by some noble Lord the worst penny of all; and was not it always foreseen by those who looked deeply into the subject, that the retention of that penny just made the difference between not being able to circulate a cheap paper and being able to circulate it?—It makes all the difference, I think."—Evidence of Mr. H. Cole, Report from Select Committee on Newspaper Stamps, 18th July 1851.