IN THE YEAR 2889

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collapse. Twenty years ago its subscription list contained but a few
hundred thousand names, and then Mr. 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