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y Smith and the capture of a fresh rebel governor, reducing us to the stature at which posterity shall reckon us. Eminent contemporaneousness may see here how much space will be allotted to it in the historical compends and biographical dictionaries of the next generation. In artless irony the telegraph is unequalled among the satirists of this generation. But this short-hand diarist confounds all distinctions of great and little, and roils the memory with minute particles of what is oddly enough called intelligence. We read in successive paragraphs the appointment of a Provisional Governor of North Carolina, whose fitness or want of it may be the turning-point of our future history, and the nomination of a minister, who will at most only bewilder some foreign court with a more desperately helpless French than his predecessor. The conspiracy trial at Washington, whose result will have absolutely no effect on the real affairs of the nation, occupies for the moment more of the public mind and thought than the question of reconstruction, which involves the life or death of the very principle we have been fighting for these four years. Undoubtedly the event of the day, whatever it may be, is apt to become unduly prominent, and to thrust itself obscuringly between us and the perhaps more important event of yesterday, where the public appetite demands fresh gossip rather than real news, and the press accordingly keeps its spies everywhere on the lookout for trifles that become important by being later than the last. And yet this minuteness of triviality has its value also. Our sensitive sheet gives us every morning the photograph of yesterday, and enables us to detect and to study at leisure that fleeting expression of the time which betrays its character, and which might altogether escape us in the idealized historical portrait. We cannot estimate the value of the _items_ in our daily newspaper, because the world to which they relate is too familiar and prosaic; but a hundred years hence some Thackeray will find them full of picturesque life and spirit. The "Chronicle" of the Annual Register makes the England of the last century more vividly real to us than any history. The jests which Pompeian idlers scribbled on the walls, while Vesuvius was brooding its fiery conspiracy under their feet, bring the scene nearer home to us than the letter of Pliny, and deepen the tragedy by their trifling contrast, like the grave-diggers'
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