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JOHN WALTER (1738/9-1812)

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Originally appearing in Volume V28, Page 296 of the 1911 Encyclopedia Britannica.
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JOHN WALTER (1738/9-1812)  , founder of The Times newspaper,
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London, was born in 1738/9, probably in London, and from the
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death of his
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father, Richard Walter (about 1755/6), until 1781 was engaged in a prosperous business as a
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coal merchant . He played a leading
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part in establishing a Coal
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Exchange in London; but shortly after 1781, when he began to occupy himself solely as an
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underwriter and became a member of Lloyd's, he over-speculated and failed . In 1782 he bought from one Henry Johnson a patent for a new method of printing from " logotypes " (i.e. founts of words or portions of words, instead of letters), and made some improvements in it . In 1784 he acquired an old printing office in Blackfriars, which formed the nucleus of the Printing-house Square of a later date, and established there his " Logographic Office." At first he only undertook the printing of books, but on 1st
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January 1785 he started a small newspaper called The Daily Universal
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Register, which on reaching its 940th number on 1st January x788 was renamed The Times . The printing business
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developed and prospered, but the newspaper at first had a somewhat chequered career . In 1789 Mr Walter was tried for a
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libel in it on the duke of York, and was sentenced to a
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fine of 50, a
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year's imprisonment in Newgate, to stand in the pillory for an
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hour and to give
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surety for good behaviour for seven years; and for further libels the fine was increased by £roo, and the imprisonment by a second year . On 9th March 1791, however, he was liberated and pardoned . In 1799 he was again convicted for a technical libel, this time on Lord Cowper . He had then given up the management of the business to his eldest son, William, and had (1795) retired to
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Teddington, where he died, 16th November 1812 . In 1759 he had married Frances Landen (died 1798), by whom he had six children . William Walter very soon gave up the duties he undertook in 1795, and in 1803 transferred the
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sole management of the business to his younger
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brother, John .

End of Article: JOHN WALTER (1738/9-1812)
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