Newspaper Enterprise.
--Journalism seems to have received new life in the South since our separation from the North. The Magnolia is the name of a new family paper, of which the first copy was issued in this city Thursday, by Mr. Chas. Ballie, its proprietor. It is gotten up, in all respects, with great literary and mechanical taste, and will be a valuable, addition to the literary journals of the South. The Illustrated News, the pioneer in these new enterprises, has succeeded beyond the most sanguine expectations of its proprietors, and now issues several thousand copies weekly. Its list of contributors is the strongest array of literary men ever presented in any single journal at the South.
