Instead of paying a salary to him, as in your day, the subscribers pay the nation an indemnity equal to the cost of his support for taking him away from the general service.

He manages the paper just as one of your editors did, except that he has no counting-room to obey, or interests of private capital as against the public good to defend.

At the end of the first year, the subscribers for the next either re-elect the former editor or choose any one else to his place.

An able editor, of course, keeps his place indefinitely.
As the subscription list enlarges, the funds of the paper increase, and it is improved by the securing of more and better contributors, just as your papers were." "How is the staff of contributors recompensed, since they cannot be paid in money ?" "The editor settles with them the price of their wares.

The amount is transferred to their individual credit from the guarantee credit of the paper, and a remission of service is granted the contributor for a length of time corresponding to the amount credited him, just as to other authors.