"I know every pound of Westminster's wealth," he said. "It is in lands which he cannot sell, and burdened with settlements of generations and obligations which cannot be avoided.""How about the Rothschilds?" I asked.

"Their fortunes," he answered, "are divided among the firms in London, Paris, Vienna, and Frankfort, and it would be impossible for them to be combined and used to unsettle the markets of the world. But Mr. ------- could do this and prevent governments from meeting their obligations."Mr. Gladstone had no hostility to great fortunes, however large, unless so invested as to be immediately available by a single man for speculation. But fortunes larger than that of one hundred millions have since been acquired, and their management is so conservative that they are brakes and safeguards against unreasoning panics. The majority of them have been used for public benefit.

The most conspicuous instances are the Rockefeller Foundation, the Carnegie Endowment, and the Frick Creation.

Henry Labouchere told me a delightful story of Mr. Gladstone's first meeting with Robert T. Lincoln, when he arrived in London as American minister. Mr. Lincoln became in a short time after his arrival one of the most popular of the distinguished list of American representatives to Great Britain. He was especially noted for the charm of his conversation. Labouchere said that Mr. Gladstone told him that he was very anxious to meet Mr. Lincoln, both because he was the new minister from the United States and because of his great father, President Lincoln. Labouchere arranged for a dinner at his house, which was an hour in the country from Mr. Gladstone's city residence. Mrs. Gladstone made Mr. Labouchere promise, as a condition for permitting her husband to go, that Mr. Gladstone should be back inside of his home at ten o'clock.

The dinner had no sooner started than some question arose which not only interested but excited Mr. Gladstone. He at once entered upon an eloquent monologue on the subject. There was no possibility of interruption by any one, and Mr. Lincoln had no chance whatever to interpose a remark. When the clock was nearing eleven Labouchere interrupted this torrent of talk by saying: "Mr. Gladstone, it is now eleven; it is an hour's ride to London, and I promised Mrs. Gladstone to have you back at ten." When they were seated in the carriage Labouchere said to Mr. Gladstone: "Well, you have passed an evening with Mr. Lincoln; what do you think of him?"He replied: "Mr. Lincoln is a charming personality, but he does not seem to have much conversation."Among the very able men whom I met in London was Joseph Chamberlain.

When I first met him he was one of Mr. Gladstone's trusted lieutenants. He was a capital speaker, a close and incisive debater, and a shrewd politician. When he broke with Mr. Gladstone, he retained his hold on his constituency and continued to be a leader in the opposite party.

Mr. Chamberlain told me that in a critical debate in the House of Commons, when the government was in danger, Mr. Gladstone, who alone could save the situation, suddenly disappeared. Every known resort of his was searched to find him. Mr. Chamberlain, recollecting Mr. Gladstone's interest in a certain subject, drove to the house of the lady whose authority on that subject Mr. Gladstone highly respected. He found him submitting to the lady for her criticism and correction some of Watts's hymns, which he had translated into Italian.

The British Government sent Mr. Chamberlain to America, and he had many public receptions given him by our mercantile and other bodies. On account of his separating from Mr. Gladstone on Home Rule, he met with a great deal of hostility here from the Irish.

I was present at a public dinner where the interruptions and hostile demonstrations were very pronounced. But Mr. Chamberlain won his audience by his skill and fighting qualities.

I gave him a dinner at my house and had a number of representative men to meet him. He made the occasion exceedingly interesting by presenting views of domestic conditions in England and international ones with this country, which were quite new to us.

Mr. Chamberlain was a guest on the Teutonic at the famous review of the British navy celebrating Queen Victoria's jubilee, where I had the pleasure of again meeting him. He had recently married Miss Endicott, the charming daughter of our secretary of war, and everybody appreciated that it was a British statesman's honeymoon.

He gave me a dinner in London, at which were present a large company, and two subjects came under very acute discussion. There had been a recent marriage in high English society, where there were wonderful pedigree and relationships on both sides, but no money. It finally developed, however, that under family settlements the young couple might have fifteen hundred pounds a year, or seven thousand five hundred dollars. The decision was unanimous that they could get along very well and maintain their position on this sum and be able to reciprocate reasonably the attentions they would receive. Nothing could better illustrate the terrific increase in the cost of living than the contrast between then and now.

Some one of the guests at the dinner said that the Americans by the introduction of slang were ruining the English language.

Mr. James Russell Lowell had come evidently prepared for this controversy. He said that American slang was the common language of that part of England from which the Pilgrims sailed, and that it had been preserved in certain parts of the United States, notably northern New England. He then produced an old book, a sort of dictionary of that period, and proved his case. It was a surprise to everybody to know that American slang was really classic English, and still spoken in the remoter parts of Massachusetts and New Hampshire, though no longer in use in England.