Only a few hundred feet distant from the Mammoth Springs Hotel stands a strange, naturally molded shaft of stone, fifty-two feet in height. From certain points its summit calls to mind the head-dress of the Revolution, and hence its name is Liberty Cap. It is a fitting monument to mark the entrance into Wonderland, for it is the cone of an old geyser long since dead. Within it is a tube of unknown depth. Through that, ages since, was hurled at intervals a stream of boiling water, precisely as it comes from active geysers in the Park to-day. But now the hand of Time has stilled its passionate pulsations, and laid upon its stony lips the seal of silence. At only a little distance from this eloquent reminder of the past I peered into a cavern hundreds of feet deep. It was once the reservoir of a geyser. An atmosphere of sulphur haunts it still. No doubt this whole plateau is but the cover of extinguished fires, for other similar caves pierce the locality on which the hotel stands. A feeling of solemnity stole over me as I surveyed these dead or dying agents of volcanic power. In the great battle of the elements, which has been going on here for unnumbered centuries, they doubtless took an active part. But Time has given them a mortal wound; and now they are waiting patiently until their younger comrades, farther up the Park, shall, one by one, like them grow cold and motionless.

A MOUND OF THE HOT SPRING TERRACES.

Not more than fifty feet from Liberty Cap rise the famous Hot Spring Terraces. They constitute a veritable mountain, covering at least two hundred acres, the whole of which has been, for centuries, growing slowly through the agency of hot water issuing from the boiling springs. This, as it cools, leaves a mineral deposit, spread out in delicate, thin layers by the soft ripples of the heated flood. Strange, is it not? Everywhere else the flow of water wears away the substance that it touches; but here, by its peculiar sediment, it builds as surely as the coral insect. Moreover, the coloring of these terraces is, if possible, even more marvelous than their creation; for, as the mineral water pulsates over them, it forms a great variety of brilliant hues. Hot water, therefore, is to this material what blood is to the body. With it the features glow with warmth and color; without it they are cold and ghostlike. Accordingly, where water ripples over these gigantic steps, towering one above another toward the sky, they look like beautiful cascades of color; and when the liquid has deserted them, they stand out like a staircase of Carrara marble. Hence, through the changing centuries, they pass in slow succession, from light to shade, from brilliancy to pallor, and from life to death. This mineral water is not only a mysterious architect; it is, also, an artist that no man can equal. Its magic touch has intermingled the finest shades of orange, yellow, purple, red, and brown; sometimes in solid masses, at other places diversified by slender threads, like skeins of multicolored silk. Yet in producing all these wonderful effects, there is no violence, no uproar. The boiling water passes over the mounds it has produced with the low murmur of a sweet cascade. Its tiny wavelets touch the stone work like a sculptor's fingers, molding the yielding mass into exquisitely graceful forms.

MINERVA TERRACE.

The top of each of these colored steps is a pool of boiling water. Each of these tiny lakes is radiant with lovely hues, and is bordered by a colored coping, resembling a curb of jasper or of porphyry. Yet the thinnest knife-blade can be placed here on the dividing line between vitality and death. The contrast is as sudden and complete as that between the desert and the valley of the Nile. Where Egypt's river ends its overflow the desert sands begin; and on these terraces it is the same. Where the life-giving water fails, the golden colors become ashen. This terraced mountain, therefore, seemed to me like a colossal checker-board, upon whose colored squares, the two great forces, Life and Death, were playing their eternal game. There is a pathos in this evanescent beauty. What lies about us in one place so gray and ghostly was once as bright and beautiful as that which we perceive a hundred feet away. But nothing here retains supremacy. The glory of this century will be the gravestone of the next. Around our feet are sepulchres of vanished splendor. It seems as if the architect were constantly dissatisfied. No sooner has he finished one magnificent structure than he impatiently begins another, leaving the first to crumble and decay. Each new production seems to him the finest; but never reaching his ideal, he speedily abandons it to perish from neglect.

JUPITER TERRACE.