Do you know that just before you came in I found something highly significant in the evening paper? I am afraid from your expression that you rather undervalue the influence of the press; indeed, I remember one day when we were out together you swore at an inoffensive boy who tried to allure us with news of all the winners. I think I pointed out at the time that even horse-racing and an interest in "events" are preferable to stagnation, and that there is something august in the universal human passion for gambling. And, after all, the office-boy who "puts on" half-a-crown is really only an example of the love of man for the unknown; the half-crown is a venture into mystery, with that due flavour of commercialism which we in England add to most of our interests. But you see, don't you? that gambling, even under its most sordid aspects, is not altogether sordid; it's the mystery, the uncertainty, the hours of "strange surmise" that the smallest bet gives to the bettor that make the real delight of betting. When the office-boy wins and gets ten shillings for the risk of his two-and-six, his delight is not by any means pure love of gain, it is distinguished by a very marked line from the constantly repeated joys of the grocer, who is always buying delicious tea at ninepence and selling it at one-and-six. Here you have commercialism in its simplest form; but our office-boy, though he likes the money well enough, stands on a much higher plane. For the moment he is the man who has succeeded in solving the enigma of the Sphinx, in discovering the unknown continent, in reading the cypher, in guessing at the song the Sirens sang, in unveiling the hidden treasure that the buccaneers buried on the lonely shore; he has ventured successfully into the dim region of surmises. And when he loses, there are always consolations; the Indies have not been discovered on this voyage, certainly, but there have been wonders on the way, he has enjoyed many hours of delicious expectation. The proof that he likes the sport, even when he loses, is that he invariably takes the first opportunity of venturing again in the same manner. And, by the way, perhaps I was a little severe just now on trade, and especially on the grocer's sugary and soapy enterprise. Perhaps if we were to look with a rather finer vision into the commercial spirit, we might find that it is not wholly commercial, not altogether sordid. Of course if the grocer opens his shop with a certainty, mathematical or almost mathematical, that the public will buy his wares, he is a wicked fellow; he is gambling with loaded dice, betting against a horse that he knows is to be made "all right," playing cards with honours up his sleeve, and I am sure that if this be his enterprise, it will always meet with our sternest disapproval. Casanova died towards the close of the last century, and since then cardsharping has become impossible to a man of taste. But