Lord Strathcona and Lord Mount Stephen, two Canadian millionaires who
some years ago received peerages for their great and notable services to the Empire, have made a splendid gift to London. They have jointly made over to King Edward's Hospital Fund property yielding £16,000 a year, and worth, therefore, at 3 per cent., more than £500,000. That is magnificent liberality, and it is not the first time that a similar unselfishness has been displayed by the two Peers. The object of their munificence has been wisely chosen, for the hospitals do nothing but good, and are in need of money, the charitable having till lately been bemused by a fancy that they are all rich. They are still in need of, say, £40,000 a year to clear them of debt and make them thoroughly efficient, and we trust that some of the English millionaires will imitate their Colonial rivals, who seem to have caught generosity by a sort of geographical contagion from the American men of wealth.
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