subject has been developed, and keeps them in touch with a very wide range both of interests and pleasures. There are no doubt grave drawbacks to all this. Many will say that this external activity must be at the sacrifice of the duties of domestic life, but on this subject there is, I think, at least much exaggeration. Education has now assumed such forms and attained such a standard that usually for many hours in the day the education of the young in a wealthy family is in the hands of accomplished specialists, and I do not think that the most occupied lives are those in which the cares of a home are most neglected. How far, however, this intense and constant strain is compatible with physical well-being is a graver question, and many have feared that it must bequeath weakened constitutions to the coming generation. Nor is a life of incessant excitement in other respects beneficial. In both intellectual and moral hygiene the best life is that which follows nature and alternates periods of great activity with periods of rest. Retirement, quiet, steady reading, and the silent thought which matures character and deepens impressions are things that seem almost disappearing from many English lives. But lives such as I have described are certainly not useless, undeveloped, or wholly selfish, and they in a large degree fulfil that great law of happiness, that it should be sought for rather in interests than in pleasures. I have already referred to the class who value money chiefly because it enables them to dismiss money thoughts and cares from their minds. On the whole, this end is probably more frequently attained by men of moderate but competent fortunes than by the very rich. This is at least the case when they are sufficiently rich to invest their money in securities which are liable to no serious risk or fluctuation. A gigantic fortune is seldom of such a nature that it does not bring with it great cares of administration and require much thought and many decisions. There is, however, one important exception. When there are many children the task of providing for their future falls much more lightly on the very rich than on those of medium fortune.