Forty years ago, when a Public School Commission was making its enquiry, the cry of the commercial Croesus swamping the country squire was first raised. The most practical proof of its hollowness is that the expenses of Eton, if still prohibitive to many parents, have not increased of recent years. What has rather happened is that the school outlay has been remodelled. The charges are to-day inclusive. If comparatively fresh items figure in the school accounts, the incidental outlay on casual subscriptions and a long catalogue of extras is now superseded. The real cost of Eton and of other schools like it is what the individual boy chooses, or what his friends allow. The expensive habits of the Etonian are more a domestic, than a scholastic, growth. No advocate of the _nouveau riche_ theory has ever asserted that the scale of living in the clubs of Pall Mall has become insufferably profuse since gentlemen enriched by commerce, prone, like Mr Mantalini, to despise details of petty cash, have been made free of these establishments. There is not, nor has there ever been, the slightest danger of the Etonian or Harrovian of the old aristocratic order being corrupted by plutocratic schoolfellows. The son of Sir Gorgius Midas in real life proves to be a quiet, sensible lad, with a just and shrewd sense of the value of money, and perhaps less likely to waste his father's substance in the 'sock shops' under the shadow of Windsor Castle than his form comrade, the son of the squire whom Sir Gorgius could buy up half a dozen times over. At other places than the great public schools of England, a studious boy may find himself more in the way of amassing knowledge. Nowhere will he learn so many lessons useful for the daily conduct of life, which books do not impart. Nowhere will he have such opportunities for the acquisition, the development and the display of practical common sense. So far back as the later fifties of this century, an Eton master, the late Mr Durnford, the respected father of him who still represents the same family on the Eton staff, alluding to the decline in the manufacture of Longs and Shorts in pious Henry's shades, could say: 'Latin verses are with us things of the past.' There is, however, no reason, as the list of Eton honours at Oxford or Cambridge will show, for imputing to Eton any decline in the essentials of classical scholarship. Since the new wealth is supposed to have contaminated the standard of plain living and high thinking among the old gentry, in 1851, the famous son of a famous father, a name venerable in the Law Courts and on the Thames, J. W. Chitty, an old Etonian, won at Oxford a first class Vinerian Scholarship, followed by a Fellowship at Exeter. About the same time R. G. W. Herbert the late Permanent Head of the Colonial Office carried off, as a scholar of Balliol, the Hertford and the Ireland, and a Fellowship at All Souls. The late Lord Carnarvon was not so infected by