It needs no ghost to rise from the grave to prophesy the sequel to this mode of “raising the wind.” It is recorded twenty times a month in the daily papers,—now in the Bankruptcy Court, now in that for the Relief of Insolvent Debtors. Ensign Spoonbill’s career lasted about eighteen months, at the end of which period—not having prospered by means of gaming to the extent he anticipated—he found himself under the necessity of selling out and retiring to a continental residence, leaving behind him debts, which were eventually paid, to the tune of seven thousand, two hundred and fourteen pounds, seventeen shillings, and tenpence three farthings, the vulgar fractions having their origin in the hair-splitting occasioned by reduplication of interest. He chose for his abode the pleasant town of Boulogne-sur-Mer, where he cultivated his moustaches, acquired a smattering of French, and an insight into the mystery of pigeon-shooting. For one or other of these qualifications—we cannot exactly say which—he was subsequently appointed _attaché_ to a foreign embassy, and at the present moment, we believe, is considered one of those promising young men whose diplomatic skill will probably declare itself one of these days, by some stroke of finesse, which shall set all Europe by the ears. With respect to Colonel Tulip’s “crack” regiment, it went, as the saying is, “to the Devil.” The exposure caused by the affair of Ensign Spoonbill—the smash of Ensign Brittles, which shortly followed—the duel between Lieutenant Wadding and Captain Cushion, the result of which was a ball (neither “spot” nor “plain,” but a bullet) through the head of the last-named gentleman, and a few other trifles of a similar description, at length attracted the “serious notice” of his Grace the Commander-in-Chief. It was significantly hinted to Colonel Tulip that it would be for the benefit of the service in general, and that of the Hundredth in particular, if he exchanged to half-pay, as the regiment required re-modelling. A smart Lieutenant-Colonel who had learnt something, not only of drill, but of discipline, under the hero of “Young Egypt,” in which country he had shared that general’s laurels, was sent down from the Horse Guards. “Weeding” to a considerable extent took place; the Majors and the Adjutant were replaced by more efficient men, and, to sum up all, the Duke’s “Circular” came out, laying down a principle of _practical military education, while on service_, which, if acted up to,—and there seems every reason to hope it will now be,—bids fair to make good officers of those who heretofore were merely idlers. It will also diminish the opportunities for gambling, drinking, and bill-discounting, and substitute, for the written words on the Queen’s Commission, the real character of a soldier and a gentleman. HOW TO SPEND A SUMMER HOLIDAY.