It is scarcely necessary to say, except to prevent a possible misapprehension, that the editor who has no high ideals, no intention of benefiting his fellow-men by his newspaper, and uses it unscrupulously as a means of money-making only, sinks to the level of the physician and the lawyer who have no higher conception of their callings than that they offer opportunities for getting money by appeals to credulity, and by assisting in evasions of the law. If the excellence of a newspaper is not always measured by its profitableness, it is generally true that, if it does not pay its owner, it is valueless to the public. Not all newspapers which make money are good, for some succeed by catering to the lowest tastes of respectable people, and to the prejudice, ignorance, and passion of the lowest class; but, as a rule, the successful journal pecuniarily is the best journal. The reasons for this are on the surface. The impecunious newspaper cannot give its readers promptly the news, nor able discussion of the news, and, still worse, it cannot be independent. The political journal that relies for support upon drippings of party favor or patronage, the general newspaper that finds it necessary to existence to manipulate stock reports, the religious weekly that draws precarious support from puffing doubtful enterprises, the literary paper that depends upon the approval of publishers, are poor affairs, and, in the long run or short run, come to grief. Some newspapers do succeed by sensationalism, as some preachers do; by a kind of quackery, as some doctors do; by trimming and shifting to any momentary popular prejudice, as some politicians do; by becoming the paid advocate of a personal ambition or a corporate enterprise, as some lawyers do: but the newspaper only becomes a real power when it is able, on the basis of pecuniary independence, to free itself from all such entanglements. An editor who stands with hat in hand has the respect accorded to any other beggar.