Because of a presumed superiority and scarcity of the gifts and attainments that characterize their life, these classes are by convention subsumed under a higher social grade than their pecuniary grade should warrant.

The scale of decent expenditure in their case is pitched correspondingly high, and it consequently leaves an exceptionally narrow margin disposable for the other ends of life.

By force of circumstances, their habitual sense of what is good and right in these matters, as well as the expectations of the community in the way of pecuniary decency among the learned, are excessively high--as measured by the prevalent degree of opulence and earning capacity of the class, relatively to the non-scholarly classes whose social equals they nominally are.

In any modern community where there is no priestly monopoly of these occupations, the people of scholarly pursuits are unavoidably thrown into contact with classes that are pecuniarily their superiors.

The high standard of pecuniary decency in force among these superior classes is transfused among the scholarly classes with but little mitigation of its rigor; and as a consequence there is no class of the community that spends a larger proportion of its substance in conspicuous waste than these..