Americans believe that they possess a quality of humor that is far superior to that which bears the hall-mark of any other nationality. ’Tis a comfortable belief, for it enables them to live cheerfully under conditions which would not be tolerated elsewhere. There are several kinds of humorists among us, and of these the men who make inadequate laws, or laws which they know will be broken, and the men who break them and go unpunished are worthy of more and of a different sort of attention than they receive. People growl at the Beef Trust on account of the high prices of beef, though Mr. Garfield, who was instructed by the President to investigate that Trust, has said that its profits are only moderate. What of the profits of the Racing Trust? Monte Carlo is described invariably as the most delectable gold mine in the world. In ordinary gold mines the vein may be “pinched out”; in Monte Carlo it runs on forever. Games made by gamblers for gamblers are called games of chance. There is little humor in your gambler, else he would recognize the absence of chance. Many thousands have tried to “break the bank” at Monte Carlo. Nobody has succeeded, for while play is conducted there honestly, the games are of the “sure thing” variety, as the percentage is always in favor of the bank. But the shareholders of the Casino at Monte Carlo are satisfied with twenty per cent. per annum on their investment and, sometimes, get less. And let it be remembered that in conducting their business they do not break the law. The Racing Trust would scorn to accept anything so paltry as twenty per cent. on its investment, yet it is a law-breaker for seven months of the year, on six days of the week, and in the course of time, doubtless, will break it on the seventh day of the week also.