CHAPTER II

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_PUNCH'S_ EARLY PROGRESS AND VICISSITUDES.

Reception of _Punch_--Early Struggles--Financial Help Invoked--The First Almanac--Its Enormous Success--Transfer of _Punch_ to Bradbury and Evans--Terms of Settlement--The New Firm--_Punch's_ Special Efforts--Succession of Covers--"Valentines," "Holidays," "Records of the Great Exhibition," and "At the Paris Exhibition" 29

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