of a daily journal are now so great that it requires the outlay of large capital to keep it up to the requirements of the time; in fact, it can best be done by joint-stock companies, rather than by individual effort. Slavish dependence on a Government or party, as in the old times of journalism, can never make a newspaper successful as a financial speculation, nor give it that circulation on which its influence in a large measure depends. The journal of the present day is a compilation of telegraphic despatches from all parts of the world, and of reports of all matters of local and provincial importance, with one or more columns of concise editorial comment on public topics of general interest: and the success with which this is done is the measure of its circulation and influence. Both the _Globe_ and _Mail_ illustrate this fact very forcibly; both journals being good _newspapers_, in every sense of the term, read by Conservatives and Liberals, irrespective of political opinions, although naturally depending for their chief support on a particular party. In no better way can we illustrate the great change that has taken place within less than half a century in the newspaper enterprise of this country than by comparing a copy of a journal of 1839 with one of 1880. Taking, in the first place, the issue of the Toronto _British Colonist_, for the 23rd October, 1839, we have before us a sheet, as previously stated, of twenty-four columns, twelve of which are advertisements and eight of extracts, chiefly from New York papers. Not a single editorial appeared in this number, though prominence was given to a communication describing certain riotous proceedings, in which prominent 'blues' took part, on the occasion of a public meeting attempted to be held at a Mr. Davis's house on Yonge Street, for the purpose of considering important changes about to take place in the political Constitution of the Canadas. Mr. Poulett Thompson had arrived in the St. Lawrence on the 16th, but the _Colonist_ was only able to announce the fact on the 23rd of the month. New York papers took four days to reach Toronto--a decided improvement, however, on old times--and these afforded Canadian editors the most convenient means of culling foreign news. Only five lawyers advertised their places of business; Mr. and Mrs. Crombie announced the opening of their well-known schools. McGill College, at last, advertised that it was open to students--an important event in the educational history of Canada, which, however, received no editorial comment in the paper. We come upon a brief advertisement from Messrs. Armour & Ramsay, the well-known booksellers; but the only book they announced was that work so familiar to old-time students, 'Walkinghame's Arithmetic.' Another literary announcement was the publication of a work, by the Rev. R. Murray, of Oakville, on the 'Tendency and Errors of Temperance Societies'--then in the infancy of their progress in Upper Canada.