of the spiritists.

The advertiser acquires no more rights in the newspaper than the
subscriber. He is entitled to use the space for which he pays by the
insertion of such material as is approved by the editor. He gains no
interest in any other part of the paper, and has no more claim to any
space in the editorial columns, than any other one of the public. To give
him such space would be unbusiness-like, and the extension of a
preference which would be unjust to the rest of the public. Nothing more
quickly destroys the character of a journal, begets distrust of it, and
so reduces its value, than the well-founded suspicion that its editorial
columns are the property of advertisers. Even a religious journal will,
after a while, be injured by this.

Yet it must be confessed that here is one of the greatest difficulties of
modern journalism. The newspaper must be cheap. It is, considering the
immense cost to produce it, the cheapest product ever offered to man.
Most newspapers cost more than they sell for; they could not live by
subscriptions; for any profits, they certainly depend upon
advertisements. The advertisements depend upon the circulation; the
circulation is likely to dwindle if too much space is occupied by
advertisements, or if it is evident that the paper belongs to its favored
advertisers. The counting-room desires to conciliate the advertisers; the
editor looks to making a paper satisfactory to his readers. Between this
see-saw of the necessary subscriber and the necessary advertiser, a good
many newspapers go down. This difficulty would be measurably removed by
the admission of the truth that the newspaper is a strictly business
enterprise, depending for success upon a 'quid pro quo' between all
parties connected with it, and upon integrity in its management.