And there is the story of Y, who is wise about pictures. "If you want a Botticelli that size, Mr. Record, I can't find it," he said; "you'll have to have it made for you."

These American spenders have got the whole world "beat" at the foolish game of collecting, and in all the peculiar delights of shopping they excel. And they are the crown and glory of hotel managers throughout the world. There is something naïve, something childishly expectant and acquisitive, about this aspect of American riches. There appears no aristocracy in their tradition, no sense of permanence and great responsibility, there appears no sense of subordination and service; from the individualistic business struggle they have emerged triumphant, and what is there to do now but spend and have a good time?

They swarm in the pleasant places of the Riviera, they pervade Paris and Rome, they occupy Scotch castles and English estates, their motor-cars are terrible and wonderful. And the London Savoy Hotel still flaunts its memory of one splendid American night. The court-yard was flooded with water tinted an artistic blue—to the great discomfort of the practically inevitable gold-fish, and on this floated a dream of a gondola. And in the gondola the table was spread and served by the Savoy staff, mysteriously disguised in appropriate fancy costume. The whole thing—there's only two words for it—was "perfectly lovely." "The illusion"—whatever that was—we are assured, was complete. It wasn't a nursery treat, you know. The guests, I am told, were important grown-up people.

This sort of childishness, of course, has nothing distinctively American in it. Any people of sluggish and uneducated imagination who find themselves profusely wealthy, and are too stupid to understand the huge moral burden, the burden of splendid possibilities it carries, may do things of this sort. It was not Americans but a party of South-African millionaires who achieved the kindred triumph of the shirt-and-belt dinner under a tent in a London hotel dining-room. The glittering procession of carriages and motor-carriages which I watched driving down Fifth Avenue, New York, apparently for the pleasure of driving up again, is to be paralleled on the Pincio, in Naples, in Paris, and anywhere where irresponsible pleasure-seekers gather together. After the naïve joy of buying things comes the joy of wearing them publicly, the simple pleasure of the promenade. These things are universals. But nowhere has this spending struck me as being so solid and substantial, so nearly twenty-two carats fine, as here. The shops have an air of solid worth, are in the key of butlers, bishops, opera-boxes, high-class florists, powdered footmen, Roman beadles, motor-broughams, to an extent that altogether outshines either Paris or London.

PLUMP AND PRETTY PUPILS OF EXTRAVAGANCE

And in such great hotels as the Waldorf-Astoria, one finds the new arrivals, the wives and daughters from the West and the South, in new, bright hats, and splendors of costume, clubbed together, under the discreetest management, for this and that, learning how to spend collectively, reaching out to assemblies, to dinners. From an observant tea-table beneath the fronds of a palm, I surveyed a fine array of these plump and pretty pupils of extravagance. They were for the most part quite brilliantly as well as newly dressed, and with an artless and pleasing unconsciousness of the living from inside. Smart innocents! I found all that gathering most contagiously interested and happy and fresh.

And I watched spending, too, as one sees it in the various incompatible houses of upper Fifth Avenue and along the border of Central Park. That, too, suggests a shop, a shop where country houses are sold and stored; there is the Tiffany house, a most expensive-looking article, on the shelf, and the Carnegie house. There had been no pretence on the part of the architects that any house belonged in any sense to any other, that any sort of community held them together. The link is just spending. You come to New York and spend; you go away again. To some of these palaces people came and went; others had their blinds down and conveyed a curious effect of a sunlit child excursionist in a train who falls asleep and droops against his neighbor. One of the Vanderbilt houses was frankly and brutally boarded up. Newport, I am told, takes up and carries on the same note of magnificent irresponsibility, and there one admires the richest forms of simplicity, triumphs of villa architecture in thatch, and bathing bungalows in marble....

There exists already, of these irresponsible American rich, a splendid group of portraits, done without extenuation and without malice, in the later work of that great master of English fiction, Mr. Henry James. There one sees them at their best, their refinement, their large wealthiness, their incredible unreality. I think of The Ambassadors and that mysterious source of the income of the Newcomes, a mystery that, with infinite artistic tact, was never explained; but more I think of The Golden Bowl, most spacious and serene of novels.