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Rh breathing it all the while; take them into another element and see how they squirm and gasp!"

Lily sat gazing absently through the blue rings of her cigarette-smoke.

"It seems to me," she said at length, "that you spend a good deal of your time in the element you disapprove of."

Selden received this thrust without discomposure. "Yes; but I have tried to remain amphibious: it's all right as long as one's lungs can work in another air. The real alchemy consists in being able to turn gold back again into something else; and that's the secret that most of your friends have lost."

Lily mused. "Don't you think," she rejoined after a moment, "that the people who find fault with society are too apt to regard it as an end and not a means, just as the people who despise money speak as if its only use were to be kept in bags and gloated over? Isn't it fairer to look at them both as opportunities, which may be used either stupidly or intelligently, according to the capacity of the user?"

"That is certainly the sane view; but the queer thing about society is that the people who regard it as an end are those who are in it, and not the critics on the fence. It's just the other way with most shows—the audience may be under the illusion, but the actors know that real life is on the other side of the footlights. The people who Rh