Our readers will not imagine that we are advocating the claims of drunkenness nor defending social excess. We are only recognizing a fact and stating an obvious tendency. The most brilliant illustrations of every virtue are to be found in the literary guild, as well as the saddest beacons of warning; yet it will often occur that the last in talent and the first in excess of a picked company will be a man around whom sympathy most kindly lingers. We love Goldsmith more at the head of an ill-advised feast than Johnson and his friends leaving it, thoughtful and generous as their conduct was. The heart despises prudence. In the single-hearted regard we know that pity has a larger share. Yet it is not so much that pity which is commiseration for misfortune and deficiency, as that which is recognition of a necessary worldly ignorance. The literary class is the most innocent of all. The contempt of practical men for the poets is based upon a consciousness that they are not bad enough for a bad world. To a practical man nothing is so absurd as the lack of worldly shrewdness. The very complaint of the literary life that it does not amass wealth and live in palaces is the scorn of the practical man, for he cannot understand that intellectual opacity which prevents the literary man from seeing the necessity of the different pecuniary condition. It is clear enough to the publisher who lays up fifty thousand a year why the author ends the year in debt. But the author is amazed that he who deals in ideas can only dine upon occasional chops, while the man who merely binds and sells ideas sits down to perpetual sirloin. If they should change places, fortune would change with them. The publisher turned author would still lay up his thousands; the publishing author would still directly lose thousands. It is simply because it is a matter of prudence, economy, and knowledge of the world. Thomas Hood made his ten thousand dollars a year, but if he lived at the rate of fifteen thousand he would hardly die rich. Mr. Jerdan, a gentleman who, in his _Autobiography_, advises energetic youth to betake themselves to the highway rather than to literature, was, we understand, in the receipt of an easy income, and was a welcome guest in pleasant houses; but living in a careless, shiftless, extravagant way, he was presently poor, and, instead of giving his memoirs the motto, _peccavi_, and inditing a warning, he dashes off a truculent defiance. Practical publishers and practical men of all sorts invest their earnings in Michigan Central or Cincinnati and Dayton instead, in steady works and devoted days, and reap a pleasant harvest of dividends. Our friends the authors invest in prime Havanas, Rhenish, in oyster suppers, love and leisure, and divide a heavy percentage of headache, dyspepsia, and debt.