"But I do. A sovereign is twenty shillings, and a shilling is twelve pence."

"That is certainly true. Now you shall know the value of money. There is a beggar. He is going to tell us that he is hungry; he will probably add that he has a wife and twelve children, all under the age of three, in his humble home, and that none of them have tasted food for a week. What will you give him?"

Phillis paused. How should she relieve so much distress? By this time they were close to the beggar. He was a picturesque rogue in rags and tatters and bare feet. Though it was a warm day he shivered. In his hand he held a single box of lights. But the fellow was young, well fed, and lusty. Lawrence Colquhoun halted on the pavement, and looked at him attentively.

"This man," he explained to Phillis, "can get for a penny a small loaf; twopence will buy him a glass of ale; sixpence a dinner; for ten shillings he could get a suit of working clothes—which he does not want because he has no intention of doing any work at all; a sovereign would lodge and feed him for a fortnight, if he did not drink."

"I should give him a sovereign," said Phillis. "Then he would be happy for a week."

"Bless your ladyship," murmured the beggar. "I would get work, Gawd knows, if I could."

"I remember this fellow," said Colquhoun, "for six years. He is a sturdy rogue. Best give nothing to him at all. Come on Phillis. We must look for a more promising subject."

"Poor fellow!" said Phillis, closing her purse.

They passed on, and the beggar-man cursed audibly. I believe it is Mr. Tupper, in his Proverbial Philosophy, who explains that what a beggar most wants, to make him feel happier, is sympathy. Now that was just what Phillis gave, and the beggar-man only swore.

Colquhoun laughed.