One kind of view, which I think is very commonly held, is that it is something "spiritual" in its nature, or something whose nature is utterly unknown to us. And those who hold this view are apt to add, that it is not really "circular," in any sense at all; nor is the "source" of my half-crown experience, in any sense at all, "bigger" than that of my florin experience. But if this addition were seriously meant, it would, of course, amount to saying that propositions (_b_) and (_d_) are not true, in any sense at all; and I do not think that those who make it, really mean to say this. I think that what they mean is only that the only sense in which those "sources" are circular, and one bigger than the other, is one in which to say this merely amounts to saying that the sensibles, which they _would_ cause us to experience, under certain conditions, _would_ be circular, and one bigger than the other. In other words, in order to give a true interpretation to the propositions that the coins are circular and one bigger than the other, they say that we must interpret them in the same kind of way in which view (1) interpreted them; and the only difference between their view and view (1), is that, whereas _that_ said that you must give a Pickwickian interpretation _both_ to the assertion that the coins _exist, and_ to the assertion that they are _circular_, they say that you must _not_ give it to the former assertion, and must to the latter. To this view my objection is only that any reason there may be for saying that the "sources" exist in other than a Pickwickian sense, seems to me to be also a reason for saying that they are "circular" in a sense that is not Pickwickian. I have just as strong a propensity to believe that they are really circular, in a simple and natural sense, as that they exist in such a sense: and I know of no better reason for believing either.