The fact cannot be too much emphasized that, properly speaking, there is _no deficit_ at the Metropolitan Opera House. True, the total expenses of the operatic season of 1886-1887 were about four hundred and forty-two thousand dollars, and the receipts only two hundred and thirty-five thousand dollars, thus necessitating an assessment of two thousand five hundred dollars on each stockholder. But it must be borne in mind that this assessment simply represents the sum that the stockholders paid for their boxes. As there were forty-five subscription nights, and as each box holds six seats, the price of each was nine dollars, which can hardly be deemed too much for the best seats in the house, considering that outsiders have to pay ten dollars for these same seats, or sixty dollars for a box. A large part of the assessment (about one thousand dollars for each stockholder) would remain for covering the general expenses of the building (including the mortgage bonds), even if no opera were given at all; and surely the box-holders would be foolish if they refused to pay the extra sum (four dollars and eighty-eight cents for each seat), which insures them forty-five evenings of social and musical entertainment. To persons of their wealth this extra sum is, after all, a mere trifle; and it enables them to bask in the proud consciousness of taking the place, in this country, of royalty abroad in supporting a form of art that has always been considered pre-eminently aristocratic. Some of the stockholders make no secret of the fact that they would very much prefer Italian to German opera, which is Sanskrit to them; and every year, at the directors' meetings, the question of reviving Italian opera is warmly debated. There is also a considerable number of amateurs, editors, and correspondents who are eagerly waiting for some signs showing that German opera is losing ground, so that they may raise a war-whoop in behalf of Italian opera. But the powers that rule the destinies of the Metropolitan Opera House are too wise to heed the arguments of these prophets. They know that Italian opera can never again be successfully revived in New York, and that the only alternative for the present lies between German opera and no opera at all. Signor Angelo and Mr. Mapleson were as unsuccessful in their last efforts in behalf of Italian opera as Mr. Abbey. And although Mme. Patti fared better at her last appearance, it was only because a large number of people believed that she _really_ was singing in New York for the last time; for when she returned a fortnight later for _another_ "farewell," the sale of seats was so small that the spoiled prima donna refused to sing, and only one performance was given instead of two.