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Herald and their own petty papers, and are affected to tears about the matter. We are sorry for them, but their attempts to inveigle us into a silly bet are absolutely in vain. THE PRACTICE OF BETTING IS IMMORAL. We cannot approve of it. It may suit GREELEY and RAYMOND, who have exhibited very little morality in the conduct of their journals, but it will not do for us.

According to the terms one half of the wager was to be de- posited immediately in the bank and the whole was to be devoted by the winner to the relief of families of Civil War volunteers. If reproduced, this page would show, not only both caricatures, but also a typical war map so frequently inserted during the Civil War Period, not merely in The Times, but also in many other papers.

For the bet Bennett suggested as substitute that The Times and The Tribune try to get the post-office printing of adver- tised letters awarded to the local paper with the largest circu- lation. Raymond's rejoinder was that the post-office offered rates too far below the established charges of The Times to make the job profitable. Bennett never explained why it was morally right to bet with The Tribune and morally wrong to bet with The Times. On the other hand, Raymond, who had started with determination to keep personalities out of his paper, regretted that he had inserted the caricatures which had only advertised The Herald in the columns of The Times.

SOUTHERN SCARCITY OF PAPER

Southern newspapers were warned by The New Orleans Bul- letin that they ought to say less about secession until they ceased to use Northern type, Northern presses, Northern ink, and Northern paper in bringing out their sheets. The assertion has been made that the tone of many papers in the South was tem- pered by a realization of their dependence upon the North for printing supplies, but the election returns of 1860 showed that the voters of the South, while opposed to putting Lincoln in the White House, were not in favor of secession, for the total vote of the various tickets opposed to secession was larger than that of the candidate favoring a separation. Hence this charge of an ulterior motive influencing editorial expressi