it peeped out in the same way as my book proceeds.

But all this is not New York, which I am bound to finish in this chapter. Before we go further I had better, for the benefit of those who know it not, state the American currency and its equivalent value in English money, for it will save repetition. The "almighty dollar" is the unit of currency in the States. Why the coin is thus lauded in American phraseology is a puzzle, for it certainly procures less as regards its nominal value than any coin I know. The dollar is divided into 100 cents, and is worth itself 4s. 2d. Thus each cent represents one halfpenny; twenty-five cents, roughly one shilling; and the English sovereign is generally worth $4.85, generally written $485, and read four dollars eighty-five cents. This decimal system is most convenient for all calculations. I may give one example. Suppose the exchange to be as above, £1 = $4.85, and I want to send the equivalent of £210 to America; I simply multiply 485 by 210 and divide the product by 100; practically cut off the two last figures in the said product. Thus—

The two last figures, the five and the cypher, are cut off, and they indicate the cents, the figures reading $101850, which is the true amount I shall get at the above rate of exchange.

Again, in casting up columns of English money figures, we have to divide the total of the pence by 12, the total of the shillings by 20, and only set down the remainder, carrying over the quotient. With the American currency the dollars are set down in one column, the cents in another, but the whole are added up together, then the two right-hand figures of the product struck off. These are the cents, all the rest are dollars. There are other ways in which this decimal system is convenient, but I have exemplified it sufficiently. Shall we ever have as good a system?

The silver coins are ten cents, quarter, half, and whole dollars. The gold, five, ten, and twenty dollars, which are roughly worth a little over one, two, and four pounds sterling. The last is a very handsome gold piece, a trifle smaller in diameter than an English crown, but, I think, thicker. The bank-notes, called "Bills," begin at fifty cents, and run up to one thousand dollars. There may be higher, but I have not seen them. There is nothing to be said in their favour. They are of many patterns and devices, and most of them dilapidated and dreadfully dirty; so dirty that they stick to one another, and so greasy and discoloured by usage that I always fancied they gave off an unpleasant odour. They are not nice things to put in your pocket! I speak of those of moderate value, say 100 dollars. I believe those of higher denominations, not so much in use, are better. Accustomed to our clean and crisp notes, I was surprised that the go-ahead Americans had such paper money, for bad as it is in some parts of the continent, I have never seen such offensive notes as the American. I believe, here in England, all paper money paid into the bank is destroyed, and new issued in its stead, and that this accounts for our clean, crisp, and undilapidated notes. I wish the same plan held over the water.

I had forgotten the copper coins. These are one cent, two cents, and five cent pieces. The last is covered over with some nickel composition, so that it looks like silver. Side by side with the ten cent silver piece, the five cent nickel bit looks the more valuable, and it takes time to realize it is only worth half the other. The five cent piece is often called "a nickel," the ten cent piece "a dime."

Out far west the copper coinage is not current under five cents. When at "San Francisco," I found that nothing was sold under that amount, which is, of course, 2½d. The poor there take two or three of any cheap thing to make up the sum. Not only did the storekeepers there not think it inconvenient, they regretted the time in the gold fever days when ten cents was the lowest tender, and if I remember right, when that splendid city was in its first infancy (i.e. gold in California was first discovered) nothing could be bought under 25 cents, or one shilling!

It is a great mistake to suppose America is a cheap country. It may be, nay often is, a good country to make money in for the very reason that things are not cheap, but it is, a very dear country to live in, and, take it all in all, the dearest I have ever visited. It is well that this all-important fact should be known, for numbers of emigrants go out, deceived by agents in London, with quite a contrary opinion. But still the broad fact requires qualification. Some few things are cheaper than in England or the continent, but most are far dearer. Food of some sorts is cheaper—notably meat—in many places less than half the price it is here. Bread, beer, and liquors much the same. Preserved provisions are a little dearer. Vegetables, perhaps, are cheaper. But all other necessaries of life are two or three times their cost here. Clothing is very dear. Furniture more reasonable. Crockery, three times the home price, and everything else that is wanted in a house exceeds by much what it would cost here. Travelling is far more expensive, but more on this head farther on. The truth is as follows:—If a man or family live in the States in an out-of-the-way place, and are content so to live without the comforts of life, nothing but the bare necessaries, they can then, after once setting themselves up, live cheaper than in England. But only in this case can it be done. To live otherwise, that is to allow yourself and family things on the ordinary scale we have them in England, costs far more.

The reason why things are dear in the States is simply because labour is scarce and expensive. For an ordinary day's work, a man there gets one to one and a half dollars besides his food. This is certainly equal to three times the ordinary English wage. The consequence is, that, in spite of the heavy import dues on foreign manufactured goods, the Americans, in many cases, find it cheaper to import than to manufacture them. Take crockery for instance. By far the greater part in use comes from England. They have as good clay in the States as there is here. I need not say that the Americans, ingenious and au fait at all machinery as they are, could make it, still they do not, to any extent, simply because, so made, it would be dearer than what they import. English crockery will be found all over America; it has borne sea freight, import dues, rail charges for perhaps fifteen hundred miles, what wonder then that when you buy such it costs three or four times what it does here?

It is the same with many other things. In fact, the purchasing power of a dollar in inner America is not, for all such articles, much more than one shilling in England! It goes without saying, that English emigrants of the lower class, settling in America, can, by selling their labour, as they do, at such a high price, and with the cheap common food available, more than make up for the high cost of such things as I have described. But people who have been accustomed to comforts in England should avoid the States, unless they are prepared to forego society, and live the sort of life one leads on a cattle ranch, where nothing in the way of appearance is necessary.

One word more as to the poor emigrant class. It is not all couleur de rose for them. True, labour is in demand and its cost high, but the man, or the family, have often a hard fight before they can take advantage of these