What the circulation of the _Nation_ may be I don’t know. In its sixtieth anniversary number, published in 1925, there was a hint that the number then sold each week ran far ahead of the 11,000 with which E. L. Godkin began in 1865. I have heard gabble in the saloons frequented by New York publishers that the present circulation is above 30,000. But no one, so far as I know, has ever suggested that it equals the circulation of even a third-rate daily paper. Such dull, preposterous sheets as the New York _Telegram_, the Washington _Star_, the Philadelphia _Public Ledger_ and the Atlanta _Constitution_ sell two or three times as many copies. Such magazines for the herd as _True Stories_ and _Hot Dog_ sell fifty times as many. Nevertheless, if I were a fellow of public spirit and eager to poison the Republic with my sagacity, I’d rather be editor of the _Nation_ than editor of any of the other journals that I have mentioned--nay, I’d rather be editor of the _Nation_ than editor of all of them together, with every other newspaper and magazine in America, save perhaps four or five, thrown in. For the _Nation_ is unique in American journalism for one thing: it is read by its enemies. They may damn it, they may have it barred from libraries, they may even--as they did during the war--try to have it put down by the Postoffice, but all the while they read it. That is, the more intelligent of them--the least hopeless minority of them. It is to such minorities that the _Nation_ addresses itself, on both sides of the fence. It has penetrated to the capital fact that they alone count--that the ideas sneaked into them to-day will begin to sweat out of the herd day after to-morrow.