In addition to those above spoken of there is another class of settlers, who were the original stock-holders and land-purchasers in the district. They have large tracts of country in the Bush, and thousands of sheep and cattle on then, and all managed by servants and overseers. These proprietors live at the clubs in Melbourne and constitute what is here termed the _élite_ of society. A short time ago these gentlemen entertained the pleasing notion, that there was to be no termination to the increase and extent of their wealth; and one very young member of the society was heard to exclaim, in apparent agony at his excessive good fortune, "upon my soul, I am become most disgustingly rich." But mark the difference The _élite_ have been living in the most extravagant manner. They discounted bills at their own pleasure here at ten per cent; and knowing well that these bills would not be honoured at maturity, they sent them to London, and cashed them there: with the funds thus raised, they speculated in the buying of land and stock, hoping to get (as in many instances they did) at least eighty per cent profit by their transactions. But now stock has fallen to a trifle; bills are falling due, rushing back from England under protest--and the bubble bursts. The banks are drawing in their accommodation, and the _élite_, who were a short time back so disgustingly rich, are, whilst I write, most disgustingly poor. This is no imaginative statement; it is a sober fact. But I do not suppose that the present state of things will last long. Speculation and the rate of interest must come down. When the human body is disordered, it is a happy time for the doctor; when the body mercantile is diseased, it is the attorney's harvest time. If an attorney has any business at all, he must do well in Melbourne, for his fees are inordinately high. Protesting a bill is five-and-twenty shillings; noting, half-a-guinea; every letter demanding payment of account, if under twenty pounds, half-a-guinea; above twenty and under a hundred pounds, one guinea; above a hundred, two guineas. Every summons (a summons being a short printed form) before the supreme court, is charged six guineas; and the clients pay down at once, without any questions, too glad to do so, provided they can get rid of their temporary difficulties. Litigation is short and quick. Conveyancing is downright profit; a deed, however short, conveying a piece of land, however trifling, costs five guineas. There are no stamps, and the work is done in an hour. More valuable properties are conveyed by a deed generally charged nine guineas. My friend ---- has drawn twelve such deeds in his office in the course of one day; and with these eyes I have seen him earn six guineas in as many minutes, by appearing at the police-office when a dispute has arisen between a master and his servant. All quarrels of this kind are arranged at the police-office, when the amount of wages received by the servant does not exceed thirty pounds annually. An attorney with brains cannot fail to get ahead. He has only to use dispatch, and to begin and continue in one even and undeviating course. Our barristers are few in number. There are but four of then. There is still a glorious field for a barrister of talent, and especially if he be conversant with the nicer points of conveyancing. Any clever barrister up to the business and a good speaker, might rely upon making immediately at least a thousand a-year; the community are looking and waiting for such a man. A fellow with no capital and no profession had better not show his face in Melbourne. It is a thousand to one against him. Compared to his position that of a labourer is an enviable one; yet any respectable and intelligent man tolerably well educated, coming here with four or five hundred pounds in his pocket, may certainly, in a couple of years, and in twenty different ways, treble that capital. The best and most promising is the following:--Buy in any _growing_ part of the town of Melbourne, a small piece of town allotment. This will cost fifty pounds, upon this you may erect two small brick cottages, containing each two rooms and a kitchen, and well fitted for a respectable tradesman. Two hundred and forty pounds will build them up; thus the whole expense of cottages and ground is two hundred and ninety pounds at most. Each cottage will, for a moral certainty, let for one pound five shillings per week, and thus return you a clear rental of sixty-four pounds per annum, for the sum of one hundred and forty-four pounds laid out. Some capitalists are not long in discovering this mode of adding to their fortunes, and it is not surprising that such men, with ease, get speedily rich.