It displeases us not a whit that people of large means should put their fortune into circulation instead of hoarding it, so giving life to commerce and the fine arts. That is using one's privileges to good advantage. What we would combat is foolish prodigality, the selfish use of wealth, and above all the quest of the superfluous on the part of those who have the greatest need of taking thought for the necessary. The lavishness of a Mæcenas could not have the same effect in a society as that of a common spendthrift who astonishes his contemporaries by the magnificence of his life and the folly of his waste. In these two cases the same term means very different things--to scatter money broadcast does not say it all; there are ways of doing it which ennoble men, and others which degrade them. Besides, to scatter money supposes that one is well provided with it. When the love of sumptuous living takes possession of those whose means are limited, the matter becomes strangely altered. And a very striking characteristic of our time is the rage for scattering broadcast which the very people have who ought to husband their resources. Munificence is a benefit to society, that we grant willingly. Let us even allow that the prodigality of certain rich men is a safety-valve for the escape of the superabundant: we shall not attempt to gainsay it. Our contention is that too many people meddle with the safety-valve when to practice economy is the part of both their interest and their duty: their extravagance is a private misfortune and a public danger. * * * * * So much for the utility of luxury. We now wish to explain ourselves upon the question of esthetics--oh! very modestly, and without trespassing on the ground of the specialists. Through a too common illusion, simplicity and beauty are considered as rivals. But simple is not synonymous with ugly, any more than sumptuous, stylish and costly are synonymous with beautiful. Our eyes are wounded by the crying spectacle of gaudy ornament, venal art and senseless and graceless luxury. Wealth coupled with bad taste sometimes makes us regret that so much money is in circulation to provoke the creation of such a prodigality of horrors. Our contemporary art suffers as much from the want of simplicity as does our literature--too much in it that is irrelevant, over-wrought, falsely imagined. Rarely is it given us to contemplate in line, form, or color, that simplicity allied to perfection which commands the eyes as evidence does the mind. We need to be rebaptized in the ideal purity of immortal beauty which puts its seal on the masterpieces; one shaft of its radiance is worth more than all our pompous exhibitions. * * * * *