A walk of a few squares relieved the young gentleman of the extremely unpleasant sensations, when he begged leave to express his thanks to the gentlemen for their kindness. He took occasion to inform them that his name was John I. Cake, late a resident of an interior town in Illinois, where his parents now reside. He was, at present, living in New York with an uncle, who was a banker in Wall-street, under whose tuition he was learning rapidly how to make inroads upon the plunder of his neighbors, without being in danger of finding his efforts rewarded with board and lodging at the expense of State. He had been educated at a country college, and knew nothing of city life, except what he had seen in Wall street.

Mr. Spout said that he was very happy to have met him, and inquired whether he would like to have an opportunity of seeing the elephant.

Mr. John I. Cake said that nothing would please him better. Mr. Spout proceeded at once to inform him that the gentlemen who were present were members of an organization gotten up for that express purpose, and which was known among themselves as the Elephant Club; further he said to Mr. Cake, that if he desired to join, they would administer the obligation to him that evening, and initiate him into the order.

Mr. Cake said by all means. At this time the party had reached the front of a church, in the shadow of which they stopped. Mr. Spout, as Higholdboy, announced that the Elephant Club was now organized. "Mr. Cake," said he, "step forward and receive the obligation."

Mr. Cake did step forward with a bold and determined step.

Mr. Spout continued: "Let your arm," said he, "hang in an easy position from the right shoulder. Now let the digits of your other hand point 'over the left.' Now then, Mr. John I. Cake, late of the State of Illinois, but now encircled with, the moral atmosphere of Wall street, you do solemnly swear, by the sacred horn spoons, that you desire to become a member of the Elephant Club, that you are willing, on becoming a member, to do as you please, unless it pleases you to do something else; that you will never kick a big Irishman's dog, unless you think you are smart enough to thrash his master; that you will be just as honest as you think the times will economically allow; that you will, under no circumstances buy and smoke a 'penny grab,' so long as you have philanthropic friends who will give you Havanas. All of this you solemnly swear, so help you John Rogers."

"Perhaps," was the response of Mr. John I. Cake.

"Having given the correct response," said the Higholdboy, "you are pronounced a member of the Elephant Club, when you shall have duly favored us with the initiative sit down."

"Good!" said Mr. Cake, "where shall it be?"

"Wherever good oysters are to be procured," said Mr. Dropper.