quality:corruption, quality:correction, linguistic:paraphrasing
1785 to 1890

The Times was founded by publisher John Walter (1738–1812) on 1 January 1785 as The Daily Universal Register, with Walter in the role of editor. Walter had lost his job by the end of 1784 after the insurance company for which he worked went bankrupt due to losses from a Jamaican hurricane. Unemployed, Walter began a new business venture. At that time, Henry Johnson invented the logography, a new typography that was reputedly faster and more precise (although three years later, it was proved less efficient than advertised). Walter bought the logography's patent and, with it, opened a printing house to produce books. The first publication of The Daily Universal Register was on 1 January 1785. Walter changed the title after 940 editions on 1 January 1788 to The Times. In 1803, Walter handed ownership and editorship to his son of the same name. Walter Sr's pioneering efforts to obtain Continental news, especially from France, helped build the paper's reputation among policy makers and financiers, in spite of a sixteen-month incarceration in Newgate Prison for libels printed in The Times.

The Times used contributions from significant figures in the fields of politics, science, literature, and the arts to build its reputation. For much of its early life, the profits of The Times were very large and the competition minimal, so it could pay far better than its rivals for information or writers. Beginning in 1814, the paper was printed on the new steam-driven cylinder press developed by Friedrich Koenig (1774–1833). In 1815, The Times had a circulation of 5,000.

Thomas Barnes was appointed general editor in 1817. In the same year, the paper's printer, James Lawson, died and passed the business onto his son, John Joseph Lawson (1802–1852). Under the editorship of Barnes and his successor in 1841, John Thadeus Delane, the influence of The Times rose to great heights, especially in politics and amongst the City of London. Peter Fraser and Edward Sterling were two noted journalists, and gained for The Times the pompous/satirical nickname 'The Thunderer' (from "We thundered out the other day an article on social and political reform."). The increased circulation and influence of the paper were based in part to its early adoption of the steam-driven rotary printing press. Distribution via steam trains to rapidly growing concentrations of urban populations helped ensure the profitability of the paper and its growing influence.

The Times was one of the first newspapers to send war correspondents to cover particular conflicts. William Howard Russell, the paper's correspondent with the army in the Crimean War, was immensely influential with his dispatches back to England.