The first part of this article demonstrates that the Daoist textual discourses written by Wang Shizhen 王世貞, Tu Long 屠隆, and Hu Yinglin 胡應麟 shared two common themes: first, employing textual records of miraculous phenomena as evidence for the existence of immortals and achievements in self cultivation; and second, for the demonstration of connoisseurship and erudition. The author then relates these two aspects to the late Ming literal discourses and shows their importance in their own time. The second part of this article explains the different arguments and formats taken by Wang, Tu, and Hu in the context of their positions in the field of cultural production and interpersonal relationship. Wang, one of the leaders of the literary field in the late sixteenth century, regarded himself as the "Historian of Daoists." Therefore, he judged the Daoist texts by the standard of official history (正史) and severely criticized their nonsense and anachronism. He even made more acidic remarks on the Daoist sexual practices as he related these evil practices to Zhang Juzheng 張居正, the imagined enemy of the literati community and the Tanyangzi 曇陽子 cult. Tu, who was not content with Wang's leadership, wrote in defense of those "unlearned Daoists" as a mean of assailing Wang. Hu, the loyal protégé of Wang, showed deep influence by Wang in his choice of topics. However, unlike Wang and Tu, he made few value judgement and focused on the textual problems in the Daoist scripts as he did not share with them the same enthusiasm of the Tanyang cult.