The Collaborative International Dictionary of English v.0.48:

Paragraph \Par"a*graph\, v. t. [imp. & p. p. Paragraphed; p.
   pr. & vb. n. Paragraphing.]
   [1913 Webster]
   1. To divide into paragraphs; to mark with the character
      [para].
      [1913 Webster]

   2. To express in the compass of a paragraph; as, to paragraph
      an article.
      [1913 Webster]

   3. To mention in a paragraph or paragraphs
      [1913 Webster]