With the opening of the New Year the periodical campaign brings thought and labor. What a world within itself is this business in Philadelphia alone—how stirring the competition—how diverse the interests—how various the success. The unparalleled rise in the business within one short year has been the result of diligent application. The publishers have most gloriously bought their own success, and have raised their works to such a point of beauty and excellence that money can go no further. The spirit of a just competition has urged each man to do his very uttermost to give his readers all that can by possibility be crowded, in the way of beauty and excellence, into his work. Every dollar received goes back in renewed outlay, in costly embellishments and articles. Nothing in Europe at twice their price can at all approach the illustrated American Monthlies in the beauty and costliness of their appointments. At the head of _all_ stands “GRAHAM”—Proud—Imperious—Supreme. He has no long line of broken promises to come up in judgment against him, but for ten long years has steadily gone on increasing in the face of all opposition, until he now stands unapproachable and alone, among the highest class of literary monthlies in the land. There are others of a lighter class—successful—highly successful—but his is the proud honor of having lifted the tone of his literature, and the quality of his engravings, up to the highest European standard of excellence in all respects. There is yet another class, who deal in promises—and promises only—whose best numbers come up to the meanest promise only of their printed circulars, but who go on crowding promise upon failure to redeem, until the virtues of their acts are lost in the fog they raise—fortunately their works also. More than a score of such have we seen entombed—some we have helped to bury—but they come again, like the locust, annually, and swindling a few dupes out of their money, annually die. This is the class which does business altogether by THE SUCTION AND PUMPING PROCESS. [Illustration] From this party, we shall no doubt be favored, with very extravagant-looking show-bills, and plenty of them—long bills drawn upon the credulity of people who fill an imaginary subscription list, and are very liberal in remittances, and whose wonderful sagacity in waiting until 1850, will be duly heralded, and in type announced. The existence of any periodical of the slightest pretension to elegance or ability, not having been heard of before, and only known among that benighted class, whose urgent literary tastes would not allow them to suffer and to wait.