There is one custom, a relic of the past, still in vogue in the offices of daily papers, which is of an absurdity truly exquisite. It is the practice of paying by the column, or, in other words, paying a premium for verbosity, and imposing a fine upon conciseness. It will often happen that information which cost three days to procure can be well related in a paragraph, and which, if related in a paragraph, would be of very great value to the newspaper printing it. But if the reporter should compress his facts into that space, he would receive for his three days' labor about what he expended in omnibus fare. Like a wise man, therefore, he spreads them out into three columns, and thus receives a compensation upon which life can be supported. If matter must be paid for by the column, we would respectfully suggest the following rates: For half a column, or less, twenty dollars; for one column, ten dollars; for two columns, five dollars; for three columns, nothing; for any amount beyond three columns, no insertion. To conclude with a brief recapitulation:-- The commodity in which the publishers of daily newspapers deal is news, i.e. information respecting recent events in which the public take an interest, or in which an interest can be excited. Newspapers, therefore, rank according to their excellence as _newspapers_; and no other kind of excellence can make up for any deficiency in the one thing for which they exist. Consequently, the art of editorship consists in forming, handling, and inspiring a corps of reporters; for inevitably that newspaper becomes the chief and favorite journal which has the best corps of reporters, and uses them best. Editorial articles have their importance. They can be a powerful means of advancing the civilization of a country, and of hastening the triumph of good measures and good men; and upon the use an editor makes of his opportunity of addressing the public in this way depends his title to our esteem as a man and fellow-citizen. But, in a mere business point of view, they are of inferior importance. The best editorials cannot make, nor the worst editorials mar, the fortune of a paper. Burke and Macaulay would not add a tenth part as many subscribers to a daily paper as the addition to its corps of two well-trained, ably-commanded reporters. It is not law which ever renders the press free and independent. Nothing is free or independent in this world which is not powerful. Therefore, the editor who would conquer the opportunity of speaking his mind freely, must do it by making his paper so excellent as a vehicle of news that the public will buy it though it is a daily disgust to them.