eported the result of his voyage to the
Admirality, who professed to be pleased with his exertions; but he
had been unsuccessful, and they would not entrust him with another
king's ship. James II was now on the throne, and the Government was
in trouble; so Phipps and his golden project appealed to them in
vain. He next tried to raise the requisite means by a public
subscription. At first he was laughed at; but his ceaseless
importunity at length prevailed, and after four years' dinning of his
project into the ears of the great and influential--during which time
he lived in poverty--he at length succeeded. A company was formed in
twenty shares, The Duke of Albemarle, son of General Monk, taking the
chief interest in it, and subscribing the principal part of the
necessary fund for the prosecution of the enterprise.

Phipps was successful in this undertaking. He started other
enterprises and succeeded. He was knighted, and as has been stated,
became the founder of one of England's noble families. It should be
said, however, that beyond his perseverance, he had but few qualities
to commend him. He was coarse, ignorant, and brutal, and had to fly
from Massachusetts to save his life from an indignant people.

But true nobility is not that which is conferred by the warrant of a
monarch. If as Pope says, "An honest man's the noblest work of God,"
then the nobles man is the honest man, who with his own clear brain
and strong right arm, wins his way up from the humblest walks in
life, till by virtue of his manhood, he stands the peer of peers, and
by Divine right the equal of all earth's kings.

We hear a great deal about an American aristocracy, but no matter
what the wishes of a few people with un-American tastes may be, the
only aristocracy that can ever find recognition here, is that of
brains and the success born of hones toil.

Ninety-nine out of every hundred of the rich families that are
wrongly supposed to constitute our aristocracy at this time, were
poor less than fifty years ago. Many of the rich families of fifty
years ago are poor to-day; and so fortune varies and changes in this
new land. Our true aristocrats are successful men like Peter Cooper,
who left the world better for having lived in it. We count among our
aristocrats, patriots like Lincoln, and if his descendants emulate
his noble example, they too will be ennobled by their countrymen. We
reckon Lowell, Longfellow, Whittier, Holmes, Hawthorne, Elisha H