On the other hand, the large sums charged for entrance to the London clubs, ranging from 30 to 40 guineas, are unknown at the clubs of Paris, which consequently find themselves without much available capital. Close to the Opera, on the Boulevard des Italiens, at the corner of the Rue de Grammont, is Le Cercle des Deux Mondes; at the corner of the Rue de la Michodière, the Railway Club, or Cercle des Chemins de Fer; on the Boulevard des Capucines, at the corner of the Rue Louis le Grand, the Yacht Club. Just opposite the Yacht Club "Le Cercle de la Presse," celebrated for its literary and artistic evenings, suggests in the first place that no like institution exists in England, where the newspaper world, though less sharply broken up by political and personal animosities than that of France, is bound together by no such _esprit de corps_ as that which animates the authors and journalists of France. In England not only are we without a Press Club worthy of the name; we have no Société des Gens de Lettres, or Société des Auteurs et Compositeurs Dramatiques. Close to the Cercle de la Presse is the Sporting Club, with its English name. On the Place de l'Opéra is the Franco-American Club called the Washington Club, or Cercle Washington, and at the other corner of the square, the Cercle des Éclaireurs, or Scouts' Club, a survival from the war of 1870. On the Place de l'Opéra are the offices (as staring titles sufficiently proclaim) of the _Daily Telegraph_, the _Daily News_, and the _New York Herald_. The corner house, separating the Avenue of the Opera from the Rue de la Paix, has been occupied since 1886 by the Naval and Military Club, known as the Cercle des Armées de Terre et de Mer, and founded under the auspices of General Boulanger in the days when he was War Minister, with the eyes of all Europe upon him. Advancing towards the Madeleine, we come first to the Racing Club (Salon des Courses), then to the Union Club (Cercle de l'Union), the most artistic and most exclusive of all these institutions. Close by is the new Cercle de la Rue Royale, formerly known under the familiar name of "Cercle des Moutards;" whilst a little further on we find the Cercle des Mirlitons and Cercle Impérial, now combined, and the Cercle Artistique et Littéraire. [Illustration: WESTERN PAVILION, OPERA HOUSE.] [Illustration: THE STAIRCASE OF THE OPERA HOUSE.]