If we knew this, we should regard them from our conservative standpoint of provident decorum as improvident lunatics, being ourselves unable to calculate with their odd courage and their cheerful belief in themselves.

What we do know is that they spend, and we are far from disdaining their patronage, though most of them have an odd little familiarity of address and are not stamped with that distinction which causes us to realise the enormous difference between the patron and the tradesman, and makes us feel the worm we remotely like to feel ourselves, though we would not for worlds acknowledge the fact.

Mentally, and in our speech, both among our equals and our superiors, we condescend to and patronise them a little, though that, of course, is the fine old insular attitude it would be un-British to discourage.

But, if we are not in the least definite concerning the position and resources of these spenders as a mass, we are quite sure of a select number.

There is mention of them in the newspapers, of the town houses, the castles, moors, and salmon fishings they rent, of their yachts, their presentations actually at our own courts, of their presence at great balls, at Ascot and Goodwood, at the opera on gala nights.