3. Then we have another formula, applicable not to objects nor ideas as objects and ideas, but to _truths_--to things, that is, where the meaning of the object and of the idea is assumed to be already ascertained. It reads: "What difference would it practically make to anyone if this notion rather than that notion were true? If no practical difference whatever can be traced, then the alternatives mean practically the same thing, and all dispute is idle" (p. 45). There can be "no difference in abstract truth that doesn't express itself in a difference in concrete fact, and in conduct consequent upon the fact, imposed on somebody" (p. 50).[73] Now when we start with something which is already a truth (or taken to be truth), and ask for its meaning in terms of its consequences, it is implied that the conception, or conceptual significance, is already clear, and that the existences it refers to are already in hand. Meaning here, then, can be neither the connotative nor denotative reference of a term; they are covered by the two prior formulae. Meaning here means _value_, importance. The practical factor is, then, the worth character of these consequences: they are good or bad; desirable or undesirable; or merely _nil_, indifferent, in which latter case belief is idle, the controversy a vain and conventional, or verbal, one. The term "meaning" and the term "practical" taken in isolation, and without explicit definition from their specific context and problem, are triply ambiguous. The meaning may be the conception or definition of an _object_; it may be the denotative existential reference of an _idea_; it may be actual value or _importance_. So practical in the corresponding cases may mean the attitudes and conduct exacted of us by objects; or the capacity and tendency of an idea to effect changes in prior existences; or the desirable and undesirable quality of certain ends. The general pragmatic attitude, none the less, is applied in all cases. If the differing problems and the correlative diverse significations of the terms "meaning" and "practical" are borne in mind, not all will be converted to pragmatism, but the present uncertainty as to what pragmatism is, anyway, and the present constant complaints on both sides of misunderstanding will, I think, be minimized. At all events, I have reached the conclusion that what the pragmatic movement just now wants is a clear and consistent bearing in mind of these different problems and of what is meant by practical in each. Accordingly the rest of this paper is an endeavor to elucidate from the standpoint of pragmatic method the importance of enforcing these distinctions. II