The Times is to be congratulated on reaching the 150th
anniversary of its first issue as the Daily Universal Register, which it will celebrate on New Year's Day by publishing a special number containing a sketch of its history from 1785 to the present day. Before the Napoleonic wars were over The Times had already estab- lished itself as the leading daily paper. It owed its success to three factors which have been necessary to the estab- lishment of every great national newspaper—enterprise in dealing with news (especially war news) ; enterprise in introducing new mechanical equipment ; and the per- sonalities of a few men—in this case the first two members of the Walter family. It was left to Delane to con- solidate the position and secure for the paper a prestige which even in its most trying subsequent moments it never wholly lost. It remains today, in spite of all chances and changes, the first newspaper in the world.
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