First edition. Inscribed by Wharton on the front free endpaper, "For John. from E.W. Aug. 10 1922". And with corrections to the text in Wharton's hand on seven pages (to pp. 66, 75, 90, 203, 211, 341, 349). Publisher's blue cloth, lettered and ruled in gilt. A very good copy, a little toned on the spine. John Hugh Smith was a wealthy English banker, who became friends with Edith Wharton in 1908. "John Hugh Smith's youthful crush on her graduated into a steady, undemanding, lifelong friendship. In later life, he became the most reactionary and old-fashioned member of her regular circle" (Hermione Lee).