r part of the
Champs-Elysees and the Boulevard Malesherbes; they advance, they extend
their outworks; we retreat, pressed back by the invaders; we are obliged
to expatriate ourselves. We have begun to found Parisian colonies in
the plains of Passy, in the plain of Monceau, in quarters which formerly
were not Paris at all, and which are not quite even now. Among the
foreign colonies, the richest, the most populous, the most brilliant,
is the American colony. There is a moment when an American feels himself
rich enough, a Frenchman never. The American then stops, draws breath,
and while still husbanding the capital, no longer spares the income. He
knows how to spend, the Frenchman knows only how to save.

The Frenchman has only one real luxury--his revolutions. Prudently and
wisely he reserves himself for them, knowing well that they will
cost France dear, but that, at the same time, they will furnish the
opportunity for advantageous investments. The Frenchman says to himself:

"Let us hoard! let us hoard! let us hoard! Some of these mornings there
will be a revolution, which will make the 5 per cents. fall 50 or 60
francs. I will buy then. Since revolutions are inevitable, let us try at
least to make them profitable."

They are always talking about the people who are ruined by revolutions,
but perhaps the number of those enriched by revolutions is still
greater.

The Americans experience the attraction of Paris very strongly. There
is no town in the world where it is easier or more agreeable to spend
a great dial of money. For many reasons, both of race and origin, this
attraction exercised over Mrs. Scott and Miss Percival a very remarkable
power.

The most French of our colonies is Canada, which is no longer ours.
The recollection of their first home has been preserved faithfully and
tenderly in the hearts of the emigrants to Montreal and Quebec. Susie
Percival had received from her mother an entirely French education, and
she had brought up her sister in the same love of our country. The two
sisters felt themselves Frenchwomen; still better, Parisians. As soon as
the avalanche of dollars had descended upon them, the same desire seized
them both--to come and live in Paris. They demanded France as if it had
been their fatherland. Mr. Scott made some opposition.

"If I go away from here," he said, "your incomes will suffer."

"What does that matter?" replied Susie. "We are rich--too rich. Do let
us go. We shall b