insults to-day that which it adored yesterday. Perhaps among these worthy people are to be found some of the descendants of those unlucky bulls which were of old immolated in hecatombs upon the altar of Jupiter; let such rejoice in his fall, and mock him at their ease, in revenge for the blood of their ancestors, victims of idolatry; as for me, my soul is singularly moved, and I am seized with dolorous commiseration at the view of this august misfortune. THE DAILY NEWS (1874.) :: “Ich hab’ mein Sach auf Nichts gestellt, Juchhe! Drum ist’s so wohl mir in der Welt; Juchhe!”—Gôthe. “He got so subtle that to be Nothing was all his glory.” Shelley, “Peter Bell the Third” It is now some time since the _Daily News_, which, perhaps with more honor than profit, and not seldom at great risk of its life, had been for many years a really leading Liberal journal, fighting gallantly always in the van, often in forlorn hopes, took to heart a certain very-obvious truth. It awoke fully to the fact that while a captain in the forlorn hope or vanguard is constantly in great peril, and has but few supporters, one with the main body is much less exposed and has many more to help him. Weary and discouraged, it resolved to fall back from the front and join the mass of the army, the myriads of the commonplace and the timorous, the legions of the rich and respectable, the countless hosts of the snobbery of Bumbledom. But in making this “strategic movement,” it is well aware that honor equal to the danger is attached to the forlorn hope and the vanguard, and it clung to the honor while renouncing the danger, and continued to call itself a leading Liberal journal when it had quite given up the lead—nay, continues thus to vaunt itself still. This is how some malicious people explain the altered position of the Daily News and its growing number of supporters, or, in the language of periodicals, its increasing circulation. Now, say these impatient and intemperate persons, a paper is free to serve Bumble (as nearly all papers do), or to serve Progress, the enemy of Bumble; but it has no right, while serving the one, to claim the merit of serving the other. This _Daily News_, they go on, which still dares to call itself Liberal, is now just as liberal as the jester’s Garrick, who used to set out with generous intentions, and was scared back at the corner of the street by the ghost of a ha’penny. In its case it is the ghost of a penny, the ghost of the representative penny of all the pennies ready to buy vapid twaddle, but not earnest thought.