From the text “We will suppose that it is a great newspaper, in a great city, printing daily 25,000, or more, and copies. Here it is, with wide columns, with small, compact type, with very little space wasted in headlines, eight large pages of it, something like 100,000 words printed upon it, and sold for four cents—25,000 words for a cent. It is a great institution—a power greater than a hundred banking-houses, than a hundred politicians, than a hundred clergymen. It collects and scatters news; it instructs and entertains with valuable and sprightly articles; it forms and concentrates public opinion; it in one way or another, brings its influence to bear upon millions of people, in its own, and other lands. Who would not like to know something about it? And there is Tom, first of all, who declares that he is going to be a business man, and whom already has a bank-book with a good many dollars entered on its credit side—there is Tom, I say, asking first of all: “How much does it cost? And where does the money come from? and is it a paying concern?” Tom shall not have his questions expressly answered; for it isn’t exactly his business; but here are some points from which he may figure: “How much does it cost?” Well, there is the publishing department, with an eminent business man at its head, with two or three good business men for his assistants, and with several excellent clerks and other employès. Then there is the Editor-in-Chief, and the Managing Editor, and the City Editor, and a corps of editors of different departments, besides reporters—thirty or forty men in all, each with some special literary gift.”
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