have a collection of theories. It simply appeared to him proper and reasonable that a well-bred young woman should not carry half her fortune on her back. Catherine’s back was a broad one, and would have carried a good deal; but to the weight of the paternal displeasure she never ventured to expose it, and our heroine was twenty years old before she treated herself, for evening wear, to a red satin gown trimmed with gold fringe; though this was an article which, for many years, she had coveted in secret. It made her look, when she sported it, like a woman of thirty; but oddly enough, in spite of her taste for fine clothes, she had not a grain of coquetry, and her anxiety when she put them on was as to whether they, and not she, would look well. It is a point on which history has not been explicit, but the assumption is warrantable; it was in the royal raiment just mentioned that she presented herself at a little entertainment given by her aunt, Mrs. Almond. The girl was at this time in her twenty-first year, and Mrs. Almond’s party was the beginning of something very important. As Some three or four years before this Dr. Sloper had moved his household gods up town, as they say in New York. He had been living ever since his marriage in an edifice of red brick, with granite copings and an enormous fanlight over the door, standing in a street within five minutes’ walk of the City Hall, which saw its best days (from the social point of view) about 1820. After this, the tide of fashion began to set steadily northward, as, indeed, in New York, thanks to the narrow channel in which it flows, it is obliged to do, and the great hum of traffic rolled farther to the right and left of Broadway. By the time the Doctor changed his residence the murmur of trade had become a mighty uproar, which was music in the ears of all good citizens interested in the commercial development, as they delighted to call it, of their fortunate isle. Dr. Sloper’s interest in this phenomenon was only indirect—though, seeing that, as the years went on, half his patients came to be overworked men of business, it might have been more immediate—and when most of his neighbours’ dwellings (also ornamented with granite copings and large fanlights) had been converted into offices, warehouses, and shipping agencies, and otherwise applied to the base uses of commerce, he determined to look out for a quieter home. The ideal of quiet and of genteel retirement, in 1835, was found in Washington Square, where the Doctor built himself a handsome, modern, wide-fronted house, with a big balcony before the drawing-room windows, and a flight of marble steps ascending to a portal which was also faced with