would not be
liked. Still, even this does not often happen; they would rather chance
the good thing they doubted of than underrate their readers' judgment.

The young author who wins recognition in a first-class magazine has
achieved a double success, first, with the editor, and then with the best
reading public. Many factitious and fallacious literary reputations have
been made through books, but very few have been made through the
magazines, which are not only the best means of living, but of outliving,
with the author; they are both bread and fame to him. If I insist a
little upon the high office which this modern form of publication fulfils
in the literary world, it is because I am impatient of the antiquated and
ignorant prejudice which classes the magazines as ephemeral. They are
ephemeral in form, but in substance they are not ephemeral, and what is
best in them awaits its resurrection in the book, which, as the first
form, is so often a lasting death. An interesting proof of the value of
the magazine to literature is the fact that a good novel will often have
wider acceptance as a book from having been a magazine serial.

V.

Under the 'regime' of the great literary periodicals the prosperity of
literary men would be much greater than it actually is if the magazines
were altogether literary. But they are not, and this is one reason why
literature is still the hungriest of the professions. Two-thirds of the
magazines are made up of material which, however excellent, is without
literary quality. Very probably this is because even the highest class
of readers, who are the magazine readers, have small love of pure
literature, which seems to have been growing less and less in all
classes. I say seems, because there are really no means of ascertaining
the fact, and it may be that the editors are mistaken in making their
periodicals two-thirds popular science, politics, economics, and the
timely topics which I will call contemporanics. But, however that may
be, their efforts in this direction have narrowed the field of literary
industry, and darkened the hope of literary prosperity kindled by the
unexampled prosperity of their periodicals. They pay very well indeed
for literature; they pay from five or six dollars a thousand words for
the work of the unknown writer to a hundred and fifty dollars a thousand
words for that of the most famous, or the most popular, if there is a
difference between fame and popularity;