view, is genuine charity; and whether even that is spent in the best way. But the subject needs regular classification, and analysis, to understand it properly."

"I should be glad to have it analysed," I said: "it has often puzzled me."

"Well, if I am really not boring you. Let us suppose our Charity-Bazaar to have been organised to aid the funds of some Hospital: and that A, B, C give their services in making articles to sell, and in acting as salesmen, while X, Y, Z buy the articles, and the money so paid goes to the Hospital.

"There are two distinct species of such Bazaars: one, where the payment exacted is merely the market-value of the goods supplied, that is, exactly what you would have to pay at a shop: the other, where fancy-prices are asked. We must take these separately.

"First, the 'market-value' case. Here A, B, C are exactly in the same position as ordinary shopkeepers; the only difference being that they give the proceeds to the Hospital. Practically, they are giving their skilled labour for the benefit of the Hospital. This seems to