By degrees public opinion began to declare itself with regard to the samurai. If they were to be absorbed into the bulk of the people and to lose their fixed revenues, some capital must be placed at their disposal to begin the world again. The samurai themselves showed a noble faculty of resignation. They had been a privileged class, but they had purchased their privileges with their blood and by serving as patterns of all the qualities most prized among Japanese national characteristics. The record of their acts and the recognition of the people entitled them to look for munificent treatment at the hands of the government which they had been the means of setting up. Yet none of these considerations blinded them to the painful fact that the time had passed them by; that no place existed for them in the new polity. Many of them voluntarily stepped down into the company of the peasant or the tradesman, and many others signified their willingness to join the ranks of common bread-winners if some aid was given to equip them for such a career. After two years' consideration the government took action. A decree announced, in 1873, that the treasury was prepared to commute the pensions of the samurai at the rate of six years' purchase for hereditary pensions and four years for life pensions--one-half of the commutation to be paid in cash, and one-half in bonds bearing interest at the rate of 8%. It will be seen that a perpetual pension of £10 would be exchanged for a payment of £30 in cash, together with securities giving an income of £2, 8s.; and that a £10 life pensioner received £20 in cash and securities yielding £1, 12s. annually. It is scarcely credible that the samurai should have accepted such an arrangement. Something, perhaps, must be ascribed to their want of business knowledge, but the general explanation is that they made a large sacrifice in the interests of their country. Nothing in all their career as soldiers became them better than their manner of abandoning it. They were told that they might lay aside their swords, and many of them did so, though from time immemorial they had cherished the sword as the mark of a gentleman, the most precious possession of a warrior, and the one outward evidence that distinguished men of their order from common toilers after gain. They saw themselves deprived of their military employment, were invited to surrender more than one-half of the income it brought, and knew that they were unprepared alike by education and by tradition to earn bread in any calling save that of arms. Yet, at the invitation of a government which they had helped to establish, many of them bowed their heads quietly to this sharp reverse of fortune. It was certainly a striking instance of the fortitude and resignation which the creed of the samurai required him to display in the presence of adversity. As yet, however, the government's measures with regard to the samurai were not compulsory.