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 greater outside its walls, popular actors are always proud of the honour of election into its illustrious company.

The theatre was founded by Louis XIV., by whom it was made a co-operative association, and who established pensions for retiring members. It has two classes of actors: sociétaires, who have each an interest in the theatre, have a voice in its government, a share of the profits, assist at the choice of plays, and retire with a pension. On retirement, they possess not only their pension, but a little capital of their own, the half of their share of the profits of the theatre having been annually invested for them. The second class is composed of pensionnaires, engaged yearly at a fixed salary, and at the end of a certain period of probation nominated sociétaires. Napoleon chose the most astonishing hour of his astonishing career for consideration of the destiny of the Théâtre Français. At Moscow he diverted his mind from colossal disaster by framing the celebrated Decree of Moscow. The theatre is a State institution, subsidised by an annual vote of 240,000 francs, in return for which it is bound to play the old classical repertory twice or thrice a week. By this means the memory of the masters of the French drama, Racine, Corneille, and Molière, is kept ever green in France, and is not less fresh to-day than that of the modern dramatists.