“A bottle of your best wine and some good cigars.”

“Really,” said the Post Man, as he placed two fingers in his vest pocket, “I can not allow you—you must let me—”

“Not at all,” said the ragged man with dignity, “I have ordered.”

The Post Man awaited with impatience the narrative of his strange entertainer.


“My name is Binkley,” said the ragged man. “I am the founder of Binkley’s Practical School of Journalism: the dollar I have just spent is the last dollar I have in the world, and the man I licked up town is the last one of the editorial and reportorial staff of my newspaper that I have treated in the same manner.

“About a year ago I had $15,000 in cash to invest. I could have invested it in many things that would have been safe and paid a fair percent, but I unluckily conceived an original idea for making a good deal more.

“I understood the newspaper business, as I had served eight or ten years on a first-class journal before I fell heir to the $15,000 on the death of an aunt. I had noticed that every newspaper in the country is besieged with ambitious youths who desire a position in order that they may learn journalism. They are for the most part college graduates, and a great many of them care little for the salaries connected with the positions. They are after experience.

“The idea struck me that they would be willing to pay handsomely for situations where they could imbibe the art of practical journalism as found in a first-class newspaper office. Several Schools of Journalism had already been started in the country and were succeeding well. I believed that a school of this nature, combined with a live, prospering newspaper that had a good circulation would prove a gold mine to its originator. In a school they could only learn a theory, in my school both theory and practice would walk hand in hand.

“It was a great idea.