"Gentlemen: We hand you herewith net bill of your advertising, cash discount being taken off as per your instructions through Mr. Bates. Upon receipt of your check for the amount we will give our final O. K. to the various periodicals, most of which are now ready for the press. With thanks for your order, we ask, therefore, that you kindly be very prompt, and greatly oblige,

"Yours, etc.,
"Jackson & Marsh.
"Per C."

Perner looked up from the letter at Van Dorn. The artist regarded him a full minute in silence. Then he said huskily:

"Don't that beat hell?"

"It does," groaned Livingstone. "Bully for Bates!"


XIV

A LETTER FROM MR. TRUMAN LIVINGSTONE OF NEW YORK TO MISS DOROTHY CASTLE OF CLEVELAND

"My dearest Dorry: I have not written to you as promptly as usual, because there have been other things that had to be attended to a good deal more promptly, and there was an uncertainty about everything lately that made whatever I might say to you more or less guesswork. I mean about the paper. It seems that 'cash terms' doesn't mean when the advertising is out, after all, but before it goes in, and this misunderstanding made matters about as lively as anything you can imagine in the financial department of the 'Whole Family' office for a day or two. I think Bates was mostly to blame, but we couldn't say anything to him because it would expose the weakness of our capital; and then, we did tell him that we wanted to pay cash, though I am sure he knew we understood that that meant to pay as Frisby did—when advertising came out.

"However, we got through with it. We thought at first we'd have to capitalize, but Barry sold a small piece of property he had somewhere, and the rest of us skirmished about where we could. I did not let you know, because I have made up my mind to go through with this as I began, whatever happens. It can't take a great deal more now until it begins to come our way, and what you have said about sticking it out is the right thing, and I mean to follow it to the letter. With your money, however, it is different. That is just your own, and as for having an interest in the paper, if I stay by it, as I mean to, and get through safely, as I'm sure I can, you will have that anyway. We are going right ahead now with matter and pictures for the second and third issues, and if it were not for the salaries and rent and incidentals we could feel pretty easy, for Barry says he is sure we can get 'the first round of the first issue' from 'the man who stands with his sleeves rolled up, wiping his hands on the prehistoric towel while he talks,' without the money down.