“Oh, you won’t fail. But you may quarrel with Stokely and Coulter—especially Coulter. In fact, I’m sure you’ll quarrel with them. But if you make yourself valuable enough, you’ll probably win out. Only——”

Malcolm hesitated, then went on:

“I stopped giving advice years ago. But I’ll venture a suggestion. Whenever your principles run counter to the policy of the paper, it would be wise to think the matter over carefully before making an issue. Usually there is truth on both sides, much that can be said fairly and honestly for either side. Often devotion to principle is a mere prejudice. Often the crowd, the mob, can be better controlled to right ends by conceding or seeming to concede a principle for the time. Don’t strike a mortal blow at your own usefulness to good causes by making yourself a hasty martyr to some fancied vital principle that will seem of no consequence the next morning but one after the election.”

“I know, Mr. Malcolm, judgment is all but impossible. And I have been trying to learn what you have been teaching me with your blue pencil, what you now put into words. But there is something in me—an instinct, perhaps—that forces me on in spite of myself. I’ve learned to curb and guide it to a certain extent, but as long as I am I, I shall never learn to control it. Every man must work out his own salvation along his own lines. And with my limitations of judgment, it would be fatal to me, I feel, to study the art of compromise. Where another, broader, stronger, more master of himself and of others, would succeed by compromising, I should fail miserably. I should be lost, compassless, rudderless. I have often envied you your calmness, your ability to see not only to-morrow but the day after. But, if I ever try to imitate you, I shall make a sad mess of my career.”

As he ended Howard looked uneasily at the old editor, expecting to see that caustic smile with which he preceded and accompanied his sarcasms at “sentimental bosh.” But instead, Malcolm’s face was melancholy; and his voice was sad and weary as he answered the young man who was just starting where he had started so many years ago:

“No doubt you are right. I’m not intending to try to dissuade you from—from the best there is in you. All I mean is that caution, self-examination, self-doubt, calm consideration of the other side—these are as necessary to success as energy and resolute action. All I suggest is that its splendour does not redeem a splendid folly. Its folly remains its essential characteristic.”

Three weeks later Howard became editor-in-chief of the News-Record. His salary was fifteen thousand a year; and Stokely and Coulter, acting upon Malcolm’s advice, gave him a “free hand” for one year. They agreed not to interfere during that time unless the circulation or the profits showed a decrease at the end of a quarter.

The next morning Howard, in the Madison Avenue car on his way to the office, read among the “Incidents in Society:”

Mrs. George Alexander Provost and her niece, Miss Marion Trevor, sailed in the Campania yesterday. They will return in July for the Newport season.