Mr. Greg begins with what he calls a retort courteous. He says that if the man with L30 000 is doing this sad thing so is the man with L3000 or L300 and everyone who allows himself anything beyond the necessaries of life; nay, that the labouring man when he lights his pipe or drinks his dram is as well as the rest consuming the substance of one poorer than himself. This argument appears to its framer irrefutable and a retort to which there can be no rejoinder. I confess my difficulty is not so much in refuting it as in seeing any point in it at all. What parallel can there be between an enormous and a very moderate expenditure or between prodigious luxury and ordinary comfort? If a man taxes me with having squandered fifty dollars on a repast is it an irrefutable retort to tell him that he has spent fifty cents? The limited and rational expenditure of an industrious man produces no evils economical, social or moral. I contend in the lecture that the unlimited and irrational expenditure of idle millionaires does; that it wastes labour, breeds luxury, creates unhappiness by propagating factitious wants, too often engenders vice and is injurious for the most part to real civilization. I have observed and I think with truth that the most malignant feelings which enter into the present struggle between classes have been generated by the ostentation of idle wealth in contrast with surrounding poverty. It would of course be absurd to say this of a man living on a small income in a modest house and in a plain way. If I had said that property or all property beyond a mere sustenance is theft there would be force in Mr. Greg's retort, but as I have said or implied nothing more than that extravagant luxury is waste and contrasted with surrounding poverty grates on the feelings, especially when those who waste are idle and those who want are the hardest working labourers in the world, I repeat that I can see no force in the retort at all. Mr. Greg proceeds to analyse the expenditure of the millionaire and to maintain that its several items are laudable.