A correspondent notes that the New York World devotes two illustrated pages to the Vanderbilt-Marlborough brat, and wants to know what I think about it? Why, I think that old Josef Phewlitzer has succeeded in elongating the Vanderbilt leg. No editor ever publishes such tommyrot unless paid therefor, because he knows that no sane person will read it. It was an advertisement, ordered and paid for by somebody, probably Consuelo's rather gay mother, who, albeit divorced from her first husband for cause, has the distinguished honor to be gran'dam to an incipient duke, who will probably grow up to be as utterly worthless as his daddy. . . . Jno. H. Holmes, editor of the Boston Herald, writing on the "New Journalism." says: "Huge circulation is extremely profitable. It produced revenue from the sale of the paper, and a still greater revenue from the volume of advertising." In other words, the average "great daily" is simply a mercenary advertising graft. It may "produce revenue," but seldom profit from circulation, for the price to agents is frequently below the cost of white paper and expressage. The subscription price is usually placed below the profit line, and extra inducements offered in the way of "premiums." Somehow, a circulation, bona fide or fake, must be worked up as an excuse for elongating the business man's leg. And he is a "dead easy mark." The yap who purchases checks of strangers and bets on monte is no more gullible than the average victim of the advertising grafter. A sucker is said to be born every minute; and strange to say, most of them are produced in the cities. The business man who makes an advertising contract without investigating the circulation claims of the publisher, would invest in confederate bonds or buy gold bricks. If he suffered the loss it would not much matter--would be simply another case of the fool and his money soon parted; but it is shifted to the consumer. The people must pay the merchant's advertising bills, just as they pay his rent and insurance; and the amount of which they are annually fleeced to pay for what has no actual existence, would meet all expenses of government and leave a tremendous surplus in the treasury. This nation wastes annually for worthless fake advertising more than it pays for education. . . . A Galveston traveling man writes me as follows: