You depressed my spirits the other day by showing that the majority of 39 did not amount to quite so much as I, from a distance, had imagined. And the Budget, though open to very little remark, does not do much to raise them. If I was not conscious of being the worst accountant yet discovered, I should say that there is a slip in one of the calculations of Savings Bank deposits.

Gardiner for some reason did not publish his article.... If Arthur Lyttelton, out of pure cussedness, wishes to put in the note you speak of, I would like to see what it is he says, starting from the materials buried in my letter.

*****

*****

Cannes May 3, 1882

Lecky's merits stand undiminished by further acquaintance, but the deficiencies become more glaring. The character of Burke, though in my opinion very defective, seems to me the best I have read in the language.

*****

The May Fraser contains his article,[[178]] and I greatly fear that his judgment will be as critical as my own.

I wonder whether you have the Temps or Débats in Downing Street, and have read the speeches of Pasteur and Renan. I do not remember so interesting a reception, and what is serious is that the most powerful intellectual force in France has declared, virtually, for materialism.