If he was not actually a philosopher, some of his views of life were characterized by great shrewdness. He had remarked, for instance, that the changeful fashions of the world are ever alternating; and that not only dress and costume and social customs undergo mutations, but that objects of positive sterling value are liable to the same wayward influences. We are all modern to-day, to-morrow we may be “Louis Quatorze,” the next day “Cinque Centi” in our tastes. Now we are mad after Italian art, yesterday the Dutch school was in vogue. Our galleries, our libraries, our houses, our gardens, all feel the caprices of these passing moods. There was but one thing that Mr. Merl had perceived never changed, and that was the estimation men felt for money. Religions might decay, and states crumble, thrones totter, and kings be exiled, Cuyps might be depreciated and marquetry be held in mean esteem; but gold was always within a fraction at least of four pounds eleven shillings the ounce!

He remarked, too, that men gradually grow tired of almost everything; the pursuits of the young are not those of the middle-aged, still less of advanced life. The books which we once cried over are now thrown down with languor; the society we imagined perfection we now smile at for its very absurdities. We see vulgarity where we once beheld vigor; we detect exaggeration where we used to attribute power. There is only one theme of which our estimation never varies,—wealth! Mr. Merl had never yet met the man nor the woman who really despised it; nay, he had seen kings trafficking on 'Change. He had known great ministers deep speculators on the Bourse; valiant admirals, distinguished generals, learned judges, and even divines, had bought and sold with him, all eager in the pursuit of gain, and all employing, to the best of their ability, the high faculties of their intelligence to assist them in making crafty bargains.

If these experiences taught him the universal veneration men feel for wealth, they also conveyed another lesson, which was, the extreme gullibility of mankind. He met every day men who ruled cabinets and commanded fleets,—the reputed great of the earth,—and saw them easier victims in his hand than the commonest capacity in “Leadenhall Street.” They had the earliest information, but could not profit by it; they never understood the temper on 'Change, knew nothing of the variations of the money-barometer, and invariably fell into snares that your city man never incurred. Hence Mr. Merl came to conceive a very low general opinion of what he himself called “the swells,” and a very high one of Herman Merl.

If we have dwelt upon these traits of this interesting individual in this place, it is simply to place before our reader's mind the kind of lucubrations such a man might be disposed to indulge in. In fact, story-tellers like ourselves have very little pretension to go beyond the narrow limit; and having given to the reader the traits of a character, they must leave their secret working more or less to his ingenuity. So much, however, we are at liberty to declare, that Mr. Merl was terribly bored, and made no scruple of confessing it.

“What the deuce are you staring at? Is there anything really to be seen in that confounded dreary sea?” cried he, as Crow stood shading his eyes from the lightning flashes, and intently gazing on the scene without.

“That's one of the effects Backhuysen was so fond of!” exclaimed Crow, eagerly,—“a sullen sea, lead-colored and cold, with a white curl just crisping the top of the waves, over it a dreary expanse of dark sky, low-lying and black, till you come near the horizon, where there is a faint line of grayish white, just enough to show that you are on the wide, wide ocean, out of sight of land, and nothing living near, except that solitary sea-gull perched upon the breakers there. There's real poetry in a bit like that; it sets one a thinking over the desolation of those whose life is little better than a voyage on such a sea!”

“Better be drowned at once,” broke in Merl, impatiently.

Crow started and looked at him; and had Merl but seen that glance, so scornful and contemptuous was it, even his self-esteem might have felt outraged. But he had not remarked it; and as little did he guess what was then passing in the poor artist's mind, as Crow muttered to himself, “I know one that will not be your guest to-day, if he dines on a cold potato, or does n't dine at all.”

“Did I tell you,” cried he, suddenly, “that there's no horses to be had?”

“No horses!” exclaimed Merl; “how so?”