Fritz Napoleon Smith bought it for a mere trifle, and originated telephonic journalism. 

 Every one is familiar with Fritz Napoleon Smith's system—a system made possible by the enormous development of telephony during the last hundred years. Instead of being printed, the Earth Chronicle is every morning spoken to subscribers, who, in interesting conversations with reporters, statesmen, and scientists, learn the news of the day. Furthermore, each subscriber owns a phonograph, and to this instrument he leaves the task of gathering the news whenever he happens not to be in a mood to listen directly himself. As for purchasers of single copies, they can at a very trifling cost learn all that is in the paper of the day at any of the innumerable phonographs set up nearly everywhere. 

 Fritz Napoleon Smith's innovation galvanized the old newspaper. In the course of a few years the number of subscribers grew to be 85,000,000, and Smith's wealth went on growing, till now it reaches the almost unimaginable figure of $10,000,000,000. This lucky hit has enabled him to erect his new building, a vast edifice with four façades, each 3,250 feet in length, over which proudly floats the hundred-starred flag of the Union. Thanks to the same lucky hit, he is to-day king of newspaperdom; indeed, he would be king of all the Americans, too, if Americans could ever accept a king. You do not believe it? Well, then, look at the plenipotentiaries of all nations and our own ministers themselves crowding about his door, entreating his counsels, begging for his approbation, imploring the aid of his all-powerful organ. Reckon up the number of scientists and artists that he supports, of inventors that he has under his pay. 

 Yes, a king is he. And in truth his is a royalty full of burdens. His labors are incessant, and there is no doubt at all that in earlier times any man would have succumbed under the overpowering stress of the toil which Mr. Smith has to perform. Very fortunately for him, thanks to the progress of hygiene, which, abating all the old sources of unhealthfulness, has lifted the mean of human life from 37 up to 52 years, men have stronger constitutions now than heretofore. The discovery of nutritive air is still in the future, but in the meantime men today consume food that is compounded and prepared according to scientific principles, and they breathe an atmosphere freed from the micro-organisms that formerly used to swarm in it; hence they live longer than their forefathers and know nothing of the innumerable diseases of olden times. 

 Nevertheless, and notwithstanding these 

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