refused, as you put it, to split nickels, and many a time I have paid as high as twenty-five dollars for books that could have been had for twenty-one, because of that foolish sentiment."

"I have often wondered," Mr. Pedagog put in at this point, holding his cigar in a gingerly and awed fashion, taking a puff at it between words, by which symptoms the man who seldom smokes may always be identified, "I have often wondered what was the mission of a private library, anyhow. And now that I find you two gentlemen interested in a phase of book-collecting with which I have had little sympathy myself, possibly I may, without being offensive, ask a question. Do you, for instance, Mr. Idiot, collect books because you wish to have something nobody else has got, or do you buy your books to read?""That is a deep question," said the Idiot, "and I do not know that I can answer it off-hand. I have already confessed that I bought Dryden for his decorative quality. I purchased my Thackeray to read. I bought my Pepys Diary because I find it better reading than a Sunday newspaper, quite as gossipy, and with weather reports that are fully as reliable. But that particular Leech I bought because of my youthful love for colored pictures."

"But you admit that it is valuable because of its rarity, and that compared to fifty dollars' worth of books that are not rare it is not to be compared with them from a literary point of view?" said Mr. Pedagog.

"I presume," said the Idiot, "that the fifty dollars I expended on that book would have provided me with a complete Shakespeare in one volume; all of Byron in green cloth and gold top; all of Dickens, Thackeray, Bulwer, and Austen in six volumes, with a margin of forty-five dollars left with which for nine years I could have paid for a subscription to the Mercantile Library, containing all the good reading of the present day and all the standard works of the past. But I rather like to have the books, and to feel that they are my own, even if it is only for the pleasure of lending them."

"Still, if a man collects books merely for their contents--" persisted Mr. Pedagog.

"He is a wild, extravagant person," said the Idiot. "He might save himself hundreds of dollars, not to say thousands. The library on that plan need not occupy an honored place among the rooms of the house. A mere pigeon-hole with a subscriber's card to a circulating library filed away in it will do as well, or if the city or town in which he lives maintains a public library he may spare himself even that expense."

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