When the promising youth and the general utility man do get rid of the “Arabian Nights’” notion, and recognize that signal success here, in any form, is likely to become more and more difficult to attain, and will be the legitimate reward only of men of real might, of unusual abilities, originality, or dauntless industry, some of the callings which have fallen, as it were, into disrepute through their lack of gambling facilities, are likely to loom up again socially. It may be, however, that modern business methods and devices have had the effect of killing for all time that highly respectable pillar of society of fifty years ago, the old-fashioned merchant, who bought and sold on his own behalf, or on commission, real cargoes of merchandise, and real consignments of cotton, wheat, and corn. The telegraph and the warehouse certificate have worked such havoc that almost everything now is bought and sold over and over again before it is grown or manufactured, and by the time it is on the market there is not a shred of profit in it for anybody but the retail dealer. It remains to be seen whether, as the speculative spirit subsides, the merchant is going to reinstate himself and regain his former prestige. It may already be said that the promising youth does not regard him with quite so much contempt as he did. We have always professed in this country great theoretical respect for the schoolmaster, but we have been careful, as the nation waxed in material prosperity, to keep his pay down and to shove him into the social background more and more. The promising youth could not afford to spend his manhood in this wise, and we have all really been too busy making money to think very much about those who are doing the teaching. Have we not always heard it stated that our schools and colleges are second to none in the world? And if our schools, of course our schoolmasters. Therefore why bother our heads about them? It is indeed wonderful, considering the little popular interest in the subject until lately, that our schoolmasters and our college professors are so competent as they are, and that the profession has flourished on the whole in spite of indifference and superiority. How can men of the highest class be expected to devote their lives to a profession which yields little more than a pittance when one is thoroughly successful? And yet the education of our children ought to be one of our dearest concerns, and it is difficult to see why the State is satisfied to pay the average instructor or instructress of youth about as much as the city laborer or a horse-car conductor receives.