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the golden Summer has rounded languidly to his close, when Autumn has been carried forth in russet winding-sheet, then all good fellows who look upon holidays as a chief end of life return from moor and stream and begin to take stock of gains and losses. And the wisest, realising that the time of action is over while that of reminiscence has begun, realise too that the one is pregnant with greater pleasures than the other—that action, indeed, is only the means to an end of reflection and appreciation. Wisest of all, the Loafer stands apart supreme. For he, of one mind with the philosopher as to the end, goes straight to it at once; and his happy summer has accordingly been spent in those subjective pleasures of the mind whereof the others, the men of muscle and peeled faces, are only just beginning to taste.