infants wave their fifty-dollar ivory rattles in an inarticulate greeting to one another. A million dollars of preferred stock laughs merrily in recognition of a majority control going past in a go-cart drawn by an imported nurse. And through it all the sunlight falls through the elm trees, and the birds sing and the motors hum, so that the whole world as seen from the boulevard of Plutoria Avenue is the very pleasantest place imaginable. Just below Plutoria Avenue, and parallel with it, the trees die out and the brick and stone of the City begins in earnest. Even from the Avenue you see the tops of the sky-scraping buildings in the big commercial streets, and can hear or almost hear the roar of the elevated railway, earning dividends. And beyond that again the City sinks lower, and is choked and crowded with the tangled streets and little houses of the slums. In fact, if you were to mount to the roof of the Mausoleum Club itself on Plutoria Avenue you could almost see the slums from there. But why should you? And on the other hand, if you never went up on the roof, but only dined inside among the palm trees, you would never know that the slums existed which is much better. There are broad steps leading up to the club, so broad and so agreeably covered with matting that the physical exertion of lifting oneself from one's motor to the door of the club is reduced to the smallest compass. The richer members are not ashamed to take the steps one at a time, first one foot and then the other; and at tight money periods, when there is a black cloud hanging over the Stock Exchange, you may see each and every one of the members of the Mausoleum Club dragging himself up the steps after this fashion, his restless eyes filled with the dumb pathos of a man wondering where he can put his hand on half a million dollars. But at gayer times, when there are gala receptions at the club, its steps are all buried under expensive carpet, soft as moss and covered over with a long pavilion of red and white awning to catch the snowflakes; and beautiful ladies are poured into the club by the motorful. Then, indeed, it is turned into a veritable Arcadia; and for a beautiful pastoral scene, such as would have gladdened the heart of a poet who understood the cost of things, commend me to the Mausoleum Club on just such an evening. Its broad corridors and deep recesses are filled with shepherdesses such as you never saw, dressed in beautiful shimmering gowns, and wearing feathers in their hair that droop off sideways at every angle known to trigonometry. And there are