This chapter explores the magazine culture of late colonial and early national America in order to recover the crucial role played by the short story in the periodical’s overburdened ambition to bring “cultural capital” across the Atlantic. Looking at these magazines we find the short story in unlikely places and forms – embedded within other fictions or non-fiction narratives, serialized in relationship to prized illustrations, or disguised as the “serial essay.” But while the print economy of the magazine would change dramatically by the 1840s and 1850s, resulting in the rise of the more familiar and recognizable periodical short story, the magazine short story has been there virtually from the beginning.