Kenneth Rexroth (1905-1982), "Signs of a New Youth Revolt
," San Francisco Examiner
(May 29, 1960):
Chesterton once said that ideally the daily newspapers should print every day selections from Shakespeare and Homer and the Bible and other things that were really important and that people should read regularly, and then, once every three months, put out a special supplement with a brief run-down of fires, murders, accidents, infidelities, political events — one compressed tabloid of the trivialities of the quarter.
I can't locate the passage in question from Chesterton.