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But the party of visitors contained two distinct elements, the money-makers and the money-spenders the generation that made the investment and the generation that distributed the dividends. The young people rebelled at branch line trips and insisted on heading for sightseeing and hunting straight into the mountains.

Denry had never seen the sea before. As, in his gayest clothes, he strolled along the esplanade or on the pier between those two girls in their gayest clothes, and mingled with the immense crowd of pleasure-seekers and money-spenders, he was undoubtedly much impressed by the beauty and grandeur of the sea.

He could not but wonder at the detached frivolity of these money-spenders, these spinners in the sun. How soon would the shadow fall upon them too and with what change of countenance would they look up! To him the joyousness seemed almost childish and yet he bathed his fagged spirit in it. How high the white clouds sailed, how blue was the midwinter sky!

There seems to be a cordiality in making these junctions, for general accommodation, that cannot but deserve praise. The truth, however, is, that all these petty states are glad to get hold of means for bringing travellers that is, money-spenders to their cities and watering-places, and for developing their long-hidden resources.