The majority of the dwellers in the palaces of the great city, are persons who have risen from the ranks. This is not said to their discredit. On the contrary, every intelligent person takes pride in the fact that in this country it is in the power of any one to rise as high as his abilities will carry him. The persons to whom we refer, however, affect to despise this. They take no pride in the institutions which have been so beneficial to them, but look down with supreme disdain upon those who are working their way up. They are ashamed of their origin, and you cannot offend one of them more than to hint that you knew him a few years ago as a mechanic, or shop-keeper.

Some of the "fashionables" appear very suddenly before the world. A week ago, a family may have been living in a tenement house. A sudden fortunate speculation on the part of the husband, or father, may have brought them enormous wealth in the course of a few days. A change is instantly made from the tenement house to a mansion on Fifth or Madison Avenue. The newly acquired wealth is liberally expended in "fitting up," and the lucky owners of it suddenly burst upon the world of fashion as stars of the first magnitude. They are courted by all, and invitations to the houses of other "stars" are showered upon them. They may be rude, ignorant, uncouth in their manners, but they have wealth, and that is all New York society requires. They are lucky if they retain their positions very long. A few manage to hold on to the wealth which comes to them thus suddenly, but as a general rule those who are simply "lucky" at the outset find Dame Fortune a very capricious goddess, and at the next turn of her wheel, pass off the stage to make room for others who are soon to share their fate.

This element is known in the city as "The Shoddy Society." During the time of the oil speculations, many persons were suddenly and unexpectedly made rich by lucky ventures in petroleum lands and stocks, and the shoddy element was in its glory; but now other speculations are found to recruit the ranks of this class. Wall street is constantly sending fresh "stars" to blaze on Fifth Avenue, and ruthlessly sweeping away others to make room for them.

The "Shoddy" element is by no means confined to those who make fortunes rapidly, or by speculations. There are many who rise very slowly in the world, and who when blessed with fortune throw themselves headlong into the arms of "Shoddy."

It is not difficult to recognize these persons. They dress not only handsomely, but magnificently. Indeed they make up in display what they lack in taste. They cover themselves with jewels, and their diamonds, worn on ordinary occasions, might, in some cases, fairly rival the state gems of European potentates. Their red, hard hands, coarse faces, vulgar manners, and loud, rude voices, contrast strikingly with the splendor with which they surround themselves. They wear their honors uneasily, showing plainly how little accustomed they are to such things. They look down with disdain upon all less fortunate in wealth than themselves, and worship as demi-gods those whose bank account is larger than their own. They have little or no personal dignity, but substitute a supercilious hauteur for it.

A DEFEAT AND A TRIUMPH.

The following incident will show how money is worshipped in New York: A gentleman, now one of the wealthiest men of the city, some years ago found himself well off in worldly goods. He was the possessor of one million of dollars. He was living at that time in a modest house, in a modest street, and was anxious to get into society. In order to do this, he resolved to give a ball, and invite the wealthiest and oldest families in New York. These people were his customers in business; and he supposed they would not object to receiving his hospitality. He was, unlike most of those who worship society, a man of real merit. His invitations were issued, and at the appointed time his mansion was made ready for a magnificent entertainment, but, though the family waited, and the rooms were kept lighted until the "wee hours of the morning," not a single one of those, to whom the invitations were sent, put in an appearance during the evening. The mortification of the would-be host and family, was intense, and it is said that he swore a mighty oath that he would acquire wealth and luxury, sufficient to compel the intimacy of those who had scorned him because he was less fortunate than themselves. He kept his word, and today he stands at the head of that class to which he once aspired in vain.

WHAT THEY TALK ABOUT.

A work recently published in Paris gives the following account of the topics discussed at a "shoddy" ball:

Following the advice of my companion, I listened to the gentlemen who were idling through the rooms. Everywhere that word 'dollar,' constantly repeated, struck upon my ear. All conversation had for its subject mercantile and financial transactions; profits, either realized, or to be realized, by the speakers, or the general prospect of the market. Literature, art, science, the drama, those topics which are discussed in polite European society, were not even alluded to. Another peculiarity I noticed—namely, the practice of self- commendation and praise. Egotism seemed to permeate the mind of everybody—the word 'I' was constantly on the lips of the speakers.