the high fever of speculation--folks buying, and building, and selling without limit, without a pause, even as one might throw shares upon the market as fast and as long as presses can be found to print them. * 1,800,000 pounds. See /ante/ note.--Trans. No other city in course of evolution has ever furnished such a spectacle. Nowadays, when one strives to penetrate things one is confounded. The population had increased to five hundred thousand, and then seemingly remained stationary; nevertheless, new districts continued to sprout up more thickly than ever. Yet what folly it was not to wait for a further influx of inhabitants! Why continue piling up accommodation for thousands of families whose advent was uncertain? The only excuse lay in having beforehand propounded the proposition that the third Rome, the triumphant capital of Italy, could not count less than a million souls, and in regarding that proposition as indisputable fact. The people had not come, but they surely would come: no patriot could doubt it without being guilty of treason. And so houses were built and built without a pause, for the half-million citizens who were coming. There was no anxiety as to the date of their arrival; it was sufficient that they should be expected. Inside Rome the companies which had been formed in connection with the new thoroughfares passing through the old, demolished, pestiferous districts, certainly sold or let their house property, and thereby realised large profits. But, as the craze increased, other companies were established for the purpose of erecting yet more and more districts outside Rome--veritable little towns, of which there was no need whatever. Beyond the Porta San Giovanni and the Porta San Lorenzo, suburbs sprang up as by miracle. A town was sketched out over the vast estate of the Villa Ludovisi, from the Porta Pia to the Porta Salaria and even as far as Sant' Agnese. And then came an attempt to make quite a little city, with church, school, and market, arise all at once on the fields of the Castle of Sant' Angelo. And it was no question of small dwellings for labourers, modest flats for employees, and others of limited means; no, it was a question of colossal mansions three and four storeys high, displaying uniform and endless facades which made these new excentral quarters quite Babylonian, such districts, indeed, as only capitals endowed with intense life, like Paris and London, could contrive to populate. However, such were the monstrous products of pride and gambling; and what a page of history, what a bitter lesson now that Rome, financially ruined, is further disgraced by that hideous girdle of empty, and, for the most part, uncompleted carcases, whose ruins already strew the grassy streets!