before it can be placed in our pockets. The mines of Cornwall have to be reached for both copper and tin--a matter of great cost to the pockets of speculators, and of anxiety to the minds of engineers, who lay themselves out to gain the material. Furnaces have to be built to smelt the ore and bring it into a workable condition. The Mint is then, after the metal is ready, called into requisition to produce a coin which, after all this labour and expense, is only a penny. I come now to tell some of the things which can be accomplished and produced for a penny. One of the earliest publications of any note was the "Penny Magazine," which is endeared to my memory as having shown me the earliest of George Stephenson's great works--the Liverpool and Manchester Railway. This magazine has now passed away, but it has been amply replaced by others of equal merit, carrying out its principles of giving a sound and cheap literature to the people; it was a boon to all who cared for instruction, and at the same time had to take care of a penny. Now we have our daily papers at a penny, and of the 1711 newspapers issued (1876) in the United Kingdom, 808 are sold at this small price. Look at those papers, the "Telegraph," "Standard," and many others; are they not a light that has shone over our world, showing what man has been enabled to do for his fellows, in being able to disseminate the knowledge of what is transpiring over the world to their readers, both near and far off, and all for only one penny! Has this been done without labour? No. What has caused it but the earnest desire to know the events of daily life in as short a time as possible. I do not care to vouch for what I now say, but I should think that about 20,000 copies are thrown off of the "Daily Telegraph" in an hour, and these can be bought for one penny each. This penny's worth has cost a great amount of thought to bring about. Besides the various manufactures which are required for this result, the daily paper also brings to its aid the agriculturist as regards the paper; for though this was at first only made of rags, we now produce it from straw, and I have made it from thistles, whilst it has also been made from wood and other things. The rags, of course, were derived from agriculture in as far as flax required to be grown, but now the farmer gets his grain from the crop, and the straw left is made into paper--the chief agent in distributing through the world the thoughts of the learned in science, arts, literature, and politics. With what eagerness do we look for our paper in the morning, and with what pleasure do we pay our penny for it! A penny's worth with respect to this material does not stop here. Look at our beautiful and not costly decorations; see what a charming room we can show, produced by a wall-paper at a cost of one penny a yard. Some of these coloured decorations produce an eye-deception that quite, as the Scotch would say, "jumbles the judgment and confounds the