[Footnote 1:  Podesta was an officer in some of the smaller Italian towns, somewhat corresponding to our mayor.  The name is Italianised from the Roman Potestas—­

    Hajus, quo trahitur, praetextam sumere mavis,
    An Fidenarum, Gabiorumque esse Potestas.

(Juv., x. 100).]

[Footnote 2:  The pamphlet is, “Thoughts on the Present Discontents,” founding them especially on the unconstitutional influence of “the King’s friends.”]

[Footnote 3:  Mrs. Macaulay was the wife of a London physician, and authoress of a “History of England” from the accession of James I. to that of George I., written in a spirit of the fiercest republicanism, but long since forgotten.]

What do you think of a winter Ranelagh[1] erecting in Oxford Road, at the expense of sixty thousand pounds?  The new bank, including the value of the ground, and of the houses demolished to make room for it, will cost three hundred thousand; and erected, as my Lady Townley[2] says, by sober citizens too!  I have touched before to you on the incredible profusion of our young men of fashion.  I know a younger brother who literally gives a flower-woman half a guinea every morning for a bunch of roses for the nosegay in his button-hole.  There has lately been an auction of stuffed birds; and, as natural history is in fashion, there are physicians and others who paid forty and fifty guineas for a single Chinese pheasant; you may buy a live one for five.  After this, it is not extraordinary that pictures should be dear.  We have at present three exhibitions.  One West,[3] who paints history in the taste of Poussin, gets three hundred pounds for a piece not too large to hang over a chimney.  He has merit, but is hard and heavy, and far unworthy of such prices.  The rage to see these exhibitions is so great, that sometimes one cannot pass through the streets where they are.  But it is incredible what sums are raised by mere exhibitions of anything; a new fashion, and to enter at which you pay a shilling or half-a-crown.  Another rage, is for prints of English portraits:  I have been collecting them above thirty years, and originally never gave for a mezzotinto above one or two shillings.  The lowest are now a crown; most, from half a guinea to a guinea.  Lately, I assisted a clergyman [Granger] in compiling a catalogue of them; since the publication, scarce heads in books, not worth threepence, will sell for five guineas.  Then we have Etruscan vases, made of earthenware, in Staffordshire, [by Wedgwood] from two to five guineas, and ormoulu, never made here before, which succeeds so well, that a tea-kettle, which the inventor offered for one hundred guineas, sold by auction for one hundred and thirty.  In short, we are at the height of extravagance and improvements, for we do improve rapidly in taste as well as in the former.  I cannot say so much for our genius.  Poetry is gone to bed, or into our prose; we are like the Romans in that too.  If we have the arts of the Antonines,—­we have the fustian also.