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THERE is a country house (as the English phrase goes) in the County of Hereford, at a little distance from the River Wye; the people who live in this house are very rich. They are not rich precariously, nor with doubts here and there, nor for the time, but in a solid manner; that is, they believe their riches to be eternal. Their income springs from very many places, of which they have not an idea; it is spent in a straightforward manner, which they fully comprehend. It is spent in relieving the incompetence—the economic incompetence—of all those about them; in causing wine to come into England from Ay, Vosne, Barsac, and (though they do not know it) from the rougher soil of Algiers. It also causes (does the way in which they exercise what only pedants call their Potential Demand) tea to be grown in Ceylon for their servants and in China for themselves, horses to be bred in Ireland, and wheat to be sown and most laboriously garnered in Western Canada, Ohio, India, South Russia, the Argentine, and other places. Also, were you to seek out every economic cause and effect, you would find missionaries living where no man can live, save by artifice, and living upon artificial supply in a strange climate by the strength of this Potential Demand rooted in the meadows of the Welsh March.

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