Consider the case of our venerable and beloved instructor, "The North American Review," conducted with so much diligence, energy, and tact by the present editors. Not a number of it has appeared under their management which has not been a national benefit; and no country more needs such a periodical than the United States, now standing on the threshold of a new career. The time has passed when a review could consist chiefly of the skilfully condensed contents of interesting books, which men could execute in the intervals of professional duty, and think themselves happy in receiving one dollar for a printed page, extracts deducted. At the present time, a review must initiate as well as criticise, and do something itself as well as comment upon the performances of others. We believe that no number of the North American Review now appears, the matter of which costs as little as a thousand dollars. But it has to compete, not only with the four British Reviews sold here at the price of paper and printing, but with several periodicals made up of selections from the reviews and magazines of Europe. Nor is this all. A public accustomed to buy books and periodicals at a price into which nothing enters but manual labor and visible material is apt to pause and recoil when it is solicited to pay the just value of those commodities. A man who buys a number of the Westminster Review for half a dollar is likely to regard a dollar and a half as an enormous price for a number of the North American, though he gets for his money what cost a thousand dollars before the printer saw it. For forty years or more we have all been buying our books and reviews at thieves' prices,--prices in which everybody was considered except the creators of the value; and the consequence is, that we turn away when a proper price is demanded for a book, and regard ourselves as injured beings. How monstrous for a volume of Emerson to be sold for a dollar! In England and France, when the price is to be fixed upon works of that nature, the mere cost of paper and printing is hardly considered at all. Such trifles are felt, and rightly felt, to have little to do with the question of price. The publisher knows very well that he has to dispose of one of those rare and beautiful products which only a very few thousands of his countrymen will care to possess, or could enjoy if it were thrust upon them. He fixes the price with reference to the facts of the case,--the important facts as well as the trivial, the rights of the author as well as the little bill of the printer,--and that price is half a guinea. The want of an International Copyright, besides lowering and degrading all literature, has demoralized the public by getting it into the habit of paying for books the price of stolen goods. And hence the North American Review, which would naturally be a most valuable property, has never yielded a profit corresponding to its real value. People stand aghast