Here's my summary of the the next couple of paragraphs of Waite's Chapter 9 (see first section here -
http://www.tarotforum.net/showpost.php?p=1645719&postcount=4 ):
"There is another school,(1) besides historical scholarship and foolish speculation, that’s worth attention, if I could only tell you (but I can’t).
a) I can’t fully develop the correspondence between Tarot symbols and the Graal Hallows here.
b) The Tarot Talismans are part of that third school’s(1) system of symbolism that exists secretly in Europe. I can’t speak of it, nor would it be useful without training in their school of thought. Some find it important but don’t really understand the term(2) since it is hidden in the occult orders. But you can get the jist of it by consulting The Tarot of the Bohemians by a French Martinist.(3) This and other occult schools are wrong. Excepting scholarly history, this is the best we have. While [Papus’s] book lacks the sacred significance, you can easily master some entertaining fortune-telling material.
Tarot consists of 78 cards of which 56 are ordinary playing-cards, plus 4 knights, and 22 symbolic pictorial keys depicting conventional allegories. Based on the pictures, these keys have been allocated to the letters of the Hebrew alphabet by divergent schools, each with their own analogies to Kabalism. Especially remarkable are the Sephirotic attributions.(4) Certain secret schools have developed the scheme of symbolic interpretation to a high point, not otherwise known.(5)
My next point is that the four palmary(6) symbols of the Tarot are:
1. The Cup, corresponding to Hearts
2. The Wand, corresponding to Diamonds
3. The Sword, corresponding to Spades
4. The Pentacle, corresponding to Clubs
The Wand is sometimes a scepter, but in the Grail symbolism, a spear or lance, the Diamond being obviously the head of a weapon. The Pentacle, mis-described because of its five angles or flanges, depicts a dish shaped like a four-leafed shamrock or a circle. On making these reasonable modifications, the Tarot suits are actually the Graal Hallows."
Notes to the summary above:
(1) This “third school” is broadly known as the “Secret Tradition” (see Christine Payne-Towler's
Underground Stream for an overview of what magical orders and ancient mystery traditions are covered by this.
(2) term = end or endpoint, goal; also, duration; boundary or limit of time.
(3) The author was Papus, founder and head of a Martinist organization in Paris.
http://en.wikipedia.org/wiki/Papus
(4) In mentioning the sephiroth and not the paths, Waite is singling out the number cards that are associated with them.
(5) While Waite disparages the Continental systems, he maintains his vow not to reveal the GD Tarot correspondences, including correspondences to the Minor Arcana (the decanates, etc.).
(6) palmary = having or deserving to have the palm of victory or success; praiseworthy.