They had proceeded but a short distance when Mr. Boggs called out to the party to observe the motions of a queer-looking character, who was approaching at a distance of a half block. He was stepping on the edge of the sidewalk with his gaze fixed upon the gutter, and in apparent unconsciousness of the existence of anything but himself. He was lank, lean, and sallow. His clothes were quite dilapidated, his beard and hair long. A smile on his face seemed to indicate his entire satisfaction with himself. He was a marked character, and after a moment's sight at the individual, inquiries were made of Mr. Boggs as to who he was.

"That is more than I can say," was Boggs's response. "I have known him by sight for years, and he has always appeared the same. He belongs to a class of beings in New York, a few specimens of which are familiar to those who frequent the principal thoroughfares, and are known by the ornithological appellation of "gutter-snipes." I have often talked with him, but he knows nothing of his own history; or, if he does, chooses not to reveal it. He is a monomaniac, but perfectly harmless, and calls himself Nicholas Quail. I have learned from other sources a few facts of his history. He sleeps anywhere and everywhere, and eats in the same localities. Nobody ever harms him, all being familiar with his whims. As far as I can learn, he was formerly a raftsman. He has never in his life owned real estate enough to form the site for a hen-coop, nor timber sufficient to build it. His personal property could be crowded into a small pocket-handkerchief; but let him get four inches of whisky in him, and he fancies he has such boundless and illimitable wealth, that in comparison, the treasures of Aladdin, provided by the accommodating slave of the lamp, would be but small change. He walks about the streets viewing what he terms the improvements he is making; he gives all sorts of absurd directions to workmen as to how he desires the work to be done, much to their amusement. But here he is, now; if he is tight we'll have some sport."

As the personage approached, Boggs accosted him, when the following dialogue took place.

"So Nicholas," said Boggs, "you've come back, have you? How is the financial department at present?"

Nick looked up and smiled.

"The fact is," said he, "I've just been buying all the grain in Michigan, Wisconsin, Ohio, and Indiana for $7 a bushel, and I am rather short for small change, but if you want a hundred thousand or so, just send a cart round to my office. Would you prefer having it in quarter eagles or twenty dollar pieces?"

"Well, Nick, I don't care to borrow at present, but a boy says you've been drunk. How is it?"

"What boy is it?"

"Your boy in your counting-room—the urchin who runs on errands for you, smokes your stubs, and pockets the small change."

"Now, hadn't he ought to be ashamed of himself, the red-haired devil, for getting Old Nick into such a scrape by his drunken lies? Haven't I made him presents enough? It was only last week that I gave him a house in Thirty-second street, and a splendid mansion on the North River; and on the 4th of July he had fourteen thousand dollars, all in pennies, to buy fire-crackers and soda-water with; and yet he goes to you and lies, and says that I've been drunk. Don't you believe the lying cub; he's got a spite agin me, because last night I wouldn't give him the Erie Railroad to bet on poker; but I couldn't do it, General; I seen the cards was agin him; the other feller held four kings, and he hadn't nothin' in the world but three high-heeled jacks and a pair of fours."