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It was an old and sordid little piece of scheming that she forced from him his plea for the new cowshed at his landlady's expense, that he might with the covered manure pay his next year's rent out of the valuation after, as she made clear, he had bled the enriched pastures to the bone.

As I don't care for the property, which has only been dropping a lot of money every year for upkeep and litigation, Sir James, who is an awfully far-sighted chap at managing, thought he could effect a compromise, and get rid of the property at a fair valuation. And, by Jove! he did.

That is the nearest he ever gets to physical activity. In him we see the static embodiment of perfect wisdom and perfect righteousness. We take him at his own valuation, humbly. Yet we have a queer instinct that there was a time when he did not diffuse all this cold radiance of good example.

Yet once the trust idea strikes bed-rock, and a trust is built up of sound properties on a safe valuation; once the most capable man has had time to rise to the head, and a new breed, trained to the new idea, to grow up under him; and once dishonest competition not hard competition is made a penitentiary offense, and the road to the penitentiary macadamized so that it won't be impassable to the fellows who ride in automobiles then there'll be no more trust-busting talk, because a trust will be the most efficient, the most economical, and the most profitable way of doing business; and there's no use bucking that idea or no sense in being so foolish as to want to.

'You have still to learn, said Jasper, 'that modesty helps a man in no department of modern life. People take you at your own valuation. It's the men who declare boldly that they need no help to whom practical help comes from all sides. As likely as not Yule will mention my name to someone. "A young fellow who seems to see his way pretty clear before him."

Why, he's just the oont-wallah, of course. Who'd graze the camel or load it up if there wasn't one?" At tea in the nursery the young lady suddenly remarked: "I like you, Boy. You're worth nine Haddocks." This cryptic valuation puzzled Damocles the more in that he had never seen or heard of a haddock. Had he been acquainted with the fowl he might have been yet more astonished.

Items such as furniture, books, pictures and jewellery are ignored, and in one of the articles in the New Statesman, discussing the question of a capital levy, it was distinctly suggested that these commodities should be left out of the scheme so as to save the trouble involved by valuation.

But none of the other fellows in the group on the ice seemed inclined to take young Dutcher at his own valuation. Hen Dutcher was a peculiar chap, at any rate. His worst fault, probably but one that led to other faults was his egotism. He was always thinking about himself and his own puny little interests. For the life of him, Hen couldn't understand why he wasn't popular with other fellows.

The sum is greater than the entire net public debt of Chicago; it equals the assessed valuation of all the taxable property in Poughkeepsie, New York.

Yet, so grave and delicate is the question, that a man may well hesitate before he decides it for himself; he may well fear that he sets too high a valuation on his own endeavours after good; he may well condescend upon a humbler duty, where others than himself shall judge the service and proportion the wage. And yet it is to this very responsibility that the rich are born.