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 and Baron Schröder paid £165 and £160 respectively for two plants. Many firms have paid hundreds of pounds for the possession of a rare species, whilst, of course, one may often hear of a collection being sold for many thousands. At the same time, Mr. Bull or Messrs. Veitch, or any well-known cultivator will be happy to place orchids, which a few years ago were beyond the reach of even a large proportion of the middle classes, at your disposal for five or six shillings.

And be it understood, in buying an orchid you can never be quite sure that you have not secured a veritable treasure. The speculative element enters into orchid-collection to a degree undreamt of by the outsider. As the value of the most valuable just purchased by a duke may disappear in an hour, so that of the most common just purchased by yourself may be augmented a hundred-fold by an eccentricity. Take an instance of depreciation recorded by Mr. F. W. Burbidge. A species of "Lady's Slipper" was imported and the single plant fetched £100 easily. But the home of the plant was discovered, and in the course of a week or two nurserymen were selling the same thing for five shillings. On the other hand, Pescatore's Odontoglot, we are told, had been imported for years, and plants might be picked up for a few shillings each, when "quite unexpectedly a lovely form heavily barred with purple appeared, and, had it been sold by auction when first it flowered, it would have brought from £50 to £100." Before it bloomed the plant would, in common with others of the same species, have been readily disposed of for a trifle. A friend of Mr. Burbidge's chanced to buy cheap a number of plants which were "hanging fire." "They were shrivelled plants of Odontoglossums in paper bags, and they took a good deal of skill and attention to bring them into vigour and health again. But when they bloomed some of them turned out very distinct, and an offer of £500 made for the lot as they stood, after the first five or six had bloomed, was not accepted." The most interesting piece of luck of this sort, how- ever, which we have come across is related by Mr. Frederick Boyle. A Mr. Spicer, a tea planter in Sylhet, knowing his mother in England was fond of orchids, sent her some plants. They were an ordinary "Lady's Slipper" variety. Mrs. Spicer brought them to flower, and noticed certain curious characteristics. She consulted an expert, with the result that he paid her seventy guineas down and carried off the plant. "For years," says Mr. Boyle, "this lovely species was a prize for dukes and millionaires," and its introduction was due