There is another movement which seems most desirable and humane at first sight, and irreproachable in its economic aspect: the saving of infant life by greater care. A huge waste of life is going on, and it has been proved that it is preventable. But however much we must sympathise with it, we cannot shut our eyes to its meaning. England produces over 300,000 excess of births over deaths yearly, and perhaps a tenth more might be added to that by care of infant life. But would that tenth be of the best stock or the worst? We must agree that it would be of the lower, or lowest type of careless, thriftless, dirty, and incapable families that the increase would be obtained. Is it worth while to dilute our increase of population by 10 per cent. more of the most inferior kind? Will England be stronger for having one thirtieth more, and that of the worst stock, added to the population every year? This movement is doing away with one of the few remains of natural weeding out of the unfit that our civilisation has left to us. And it will certainly cause more misery than happiness in the course of a century. Lastly, let us look to the general question of the results of the accumulation of wealth in the hands of different classes. Roughly we may divide three classes of money-earners: the lower, who receive weekly pay, and are tempted to spend it all by the certainty of poor relief when needed; the middle, who receive yearly pay, and must save if they are to avoid losing caste in late life; the upper, who make large but uncertain profits by organising work, or by financial manipulation, regular or irregular. During the last century we have seen a great growth of wealth in England. At first it spread to workmen and manufacturers, then to the middle classes generally, and latterly much has accumulated in the hands of large operators with trusts and financial dealings. What has been the result of the wealth in the hands of each class, to that class, and to the whole community? The rise of workmen's pay has mainly been used up; there has been a great benefit by improving the conditions of life, but perhaps half of the increase has been lost in mere waste; very little has gone toward lifting families to a higher class, and but a very small proportion has been saved. The whole property of the poor is estimated now at nearly a year's income, the result of savings in a century, or less than 1 per cent. saved. When we turn to the middle classes there is a worse spectacle. There was, broadly speaking, but little need to raise the standard of expenditure among the middle classes. They were fairly comfortable, and need not have spent more on themselves; their gains might have been spent on profitable enterprises, or given for endowments to public purposes. On the contrary, but a small part of their gains have been saved or remuneratively spent, and far the greater part has disappeared in ever-increasing ostentation. It has