As our world advances through history towards its present epoch, it becomes more specialist, less democratic, and folklore turns gradually into fiction. But it is only slowly that the old elfin fire fades into the light of common realism. For ages after our characters have dressed up in the clothes of mortals they betray the blood of the gods. Even our phraseology is full of relics of this. When a modern novel is devoted to the bewilderments of a weak young clerk who cannot decide which woman he wants to marry, or which new religion he believes in, we still give this knock-kneed cad the name of “the hero”--the name which is the crown of Achilles. The popular preference for a story with “a happy ending” is not, or at least was not, a mere sweet-stuff optimism; it is the remains of the old idea of the triumph of the dragon-slayer, the ultimate apotheosis of the man beloved of heaven. But there is another and more intangible trace of this fading supernaturalism--a trace very vivid to the reader, but very elusive to the critic. It is a certain air of endlessness in the episodes, even in the shortest episodes--a sense that, although we leave them, they still go on. Our modern attraction to short stories is not an accident of form; it is the sign of a real sense of fleetingness and fragility; it means that existence is only an impression, and, perhaps, only an illusion. A short story of to-day has the air of a dream; it has the irrevocable beauty of a falsehood; we get a glimpse of grey streets of London or red plains of India, as in an opium vision; we see people,--arresting people, with fiery and appealing faces. But when the story is ended, the people are ended. We have no instinct of anything ultimate and enduring behind the episodes. The moderns, in a word, describe life in short stories because they are possessed with the sentiment that life itself is an uncommonly short story, and perhaps not a true one. But in this elder literature, even in the comic literature (indeed, especially in the comic literature), the reverse is true. The characters are felt to be fixed things of which we have fleeting glimpses; that is, they are felt to be divine. Uncle Toby is talking for ever, as the elves are dancing for ever. We feel that whenever we hammer on the house of Falstaff, Falstaff will be at home. We feel it as a Pagan would feel that, if a cry broke the silence after ages of unbelief, Apollo would still be listening in his temple. These writers may tell short stories, but we feel they are only parts of a long story. And herein lies the peculiar significance, the peculiar sacredness even, of penny dreadfuls and the common printed matter made for our errand-boys. Here in dim and desperate forms, under the ban of our base culture, stormed at by silly magistrates, sneered at by silly schoolmasters,--here is the old popular literature still popular; here is the unmistakable voluminousness, the thousand and one