dollars and allow one thousand for doctors' bills, fifteen hundred for my own expenses, and still have twenty-three hundred for pleasure—and be living on thirty thousand dollars a year in luxury.

I could even then entertain, go to the theater, and occasionally take my friends to a restaurant. And what would I surrender? My saddle-horses, my extra motor, my pretentious houses, my opera box, my wife's annual spending bout in Paris—that is about all. And I would have a cash balance of forty-five thousand dollars.

REVISED BUDGET

Rent—City and country $7,000
Servants 3,000
Supplies 5,000
Light and heat 1,200
Motor 2,500
Allowance to family 5,000
Charity 1,500
Medical attendance 1,000
Self 1,500
Travel, pleasure, music and sundries 2,300
                                                     ______
Total $30,000

In a smaller city I could do the same thing for half the money—fifteen thousand dollars; in Rome, Florence or Munich I could live like a prince on half the sum. I am paying apparently forty-five thousand dollars each year for the veriest frills of existence—for geranium powder in my bath, for fifteen extra feet in the width of my drawing room, for a seat in the parterre instead of the parquet at the opera, for the privilege of having a second motor roll up to the door when it is needed, and that my wife may have seven new evening dresses each winter instead of two. And in reality these luxuries mean nothing to me. I do not want them. I am not a whit more comfortable with than without them.

If an income tax should suddenly cut my bank account in half it would not seriously inconvenience me. No financial cataclasm, however dire, could deprive me of the genuine luxuries of my existence. Yet in my revised schedule of expenditure I would still be paying nearly a hundred dollars a day for the privilege of living. What would I be getting for my money—even then? What would I receive as a quid pro quo for my thirty thousand dollars?

I am not enough of a materialist to argue that my advantage over my less successful fellow man lies in having a bigger house, men servants instead of maid servants, and smoking cigars alleged to be from Havana instead of from Tampa; but I believe I am right in asserting that my social opportunities—in the broader sense—are vastly greater than his. I am meeting bigger men and have my fingers in bigger things. I give orders and he takes them.

My opinion has considerable weight in important matters, some of which vitally affect large communities. My astuteness has put millions into totally unexpected pockets and defeated the faultily expressed intentions of many a testator. I can go to the White House and get an immediate hearing, and I can do more than that with judges of the Supreme Court in their private chambers.

In other words I am an active man of affairs, a man among men, a man of force and influence, who, as we say, "cuts ice" in the metropolis. But the economic weakness in the situation lies in the fact that a boiled egg only costs the ordinary citizen ten cents and it costs me almost its weight in gold.

Compare this de-luxe existence of mine with that of my forebears. We are assured by most biographers that the subject of their eulogies was born of poor but honest parents. My own parents were honest, but my father was in comfortable circumstances and was able to give me the advantages incident to an education, first at the local high school and later at college. I did not as a boy get up while it was still dark and break the ice in the horsetrough in order to perform my ablutions. I was, to be sure, given to understand—and always when a child religiously believed—that this was my father's unhappy fate. It may have been so, but I have a lingering doubt on the subject that refuses to be dissipated. I can hardly credit the idea that the son of the village clergyman was obliged to go through any such rigorous physical discipline as a child.

Even in 1820 there were such things as hired men and tradition declares that the one in my grandparents' employ was known as Jonas, had but one good eye and was half-witted. It modestly refrains from asserting that he had only one arm and one leg. My grandmother did the cooking—her children the housework; but Jonas was their only servant, if servant he can be called. It is said that he could perform wonders with an ax and could whistle the very birds off the trees.

Some time ago I came upon a trunkful of letters written by my grandfather to my father in 1835, when the latter was in college. They were closely written with a fine pen in a small, delicate hand, and the lines of ink, though faded, were like steel engraving. They were stilted, godly—in an ingenuous fashion—at times ponderously humorous, full of a mild self-satisfaction, and inscribed under the obvious impression that only the writer could save my father's soul from hell or his kidneys from destruction. The goodness of the Almighty, as exemplified by His personal attention to my grandfather, the efficacy of oil distilled from the liver of the cod, and the wisdom of Solomon, came in for an equal share of attention. How the good old gentleman must have enjoyed writing those letters! And, though I have never written my own son three letters in my life, I suppose the desire of self-expression is stirring in me now these seventy-eight years later. I wonder what he would have said could he read these confessions of mine—he who married my grandmother on a capital of twenty-five dollars and enough bleached cotton to make half a dozen shirts! My annual income would have bought the entire county in which he lived. My son scraped through Harvard on twenty-five hundred dollars a year. I have no doubt that he left undisclosed liabilities behind him. Most of this allowance was spent on clothes, private commons and amusement. Lying before me is my father's term bill at college for the first half year of 1835. The items are:

To tuition $12.00
Room rent 3.00
Use of University Library 1.00
Servants' hire, printing, and so on 2.00
Repairs .80
Damage for glass .09
Commons bill, 15-1/2 weeks at $1.62 a week 25.11
Steward's salary 2.00
Public fuel .50
Absent from recitation without excuse—once .03
                                                      ———-
Total $46.53

The glass damage at nine cents and the three cents for absence without excuse give me joy. Father was human, after all!

Economically speaking, I do not think that his clothes cost him anything. He wore my grandfather's old ones. There were no amusements in those days, except going to see the pickled curios in the old Boston Museum. I have no doubt he drove to college in the family chaise—if there was one. I do not think that, in fact, there was.

On a conservative estimate he