It began with “Respected Granddaughter,” and then with a profusion of big words and complimentary phrases, went on to relate how a number of her worshipful friends, consisting of father, mother, uncle Tim, grandma and himself had gathered themselves together at an appointed place to deliberate upon the matter of Christmas gifts; and being thus in “solemn conclave assembled” that which should be done for her had received due attention, and it had been the unanimous decision in view of the fact of her having attained the dignity of fifteen years, that it was time to cease filling her stockings with toys and confections; and, as it proved somewhat difficult to decide what other offerings might be most acceptable, they had finally come to the conclusion to act upon a suggestion made by uncle Tim, which was to give nothing but money, with which she could procure such things as would best suit her taste: therefore, in the accompanying package she would please find fifty dollars—ten dollars from each; and hoping this would prove entirely satisfactory, he had the honor to subscribe himself her humble servant, etc., etc., etc.

Janet laughed. Knowing well grandpa’s propensity for joking she saw the sly fun with which all these stilted phrases had been indited; but when she again looked upon the money in her hand, her eyes filled with tears at the thought of the confidence in her, on the part of her relatives, which so generous a gift signified.

For none of them were wealthy, although in fairly comfortable circumstances, and she knew so large an amount of money would never have been placed at her disposal had they not been tolerably sure that it would not be foolishly expended. And, then and there, she resolved they should see that their confidence had not been misplaced. Not one dollar would she use until there had been discovered some good purpose to which the whole could be devoted.

But the discovering of such a purpose proved more difficult than was anticipated; partly, because she knew without being told, that it was not expected the money would be used for clothing or for any of those necessary things such as her parents had been in the habit of providing; and she labored under a great disinclination to ask advice in the matter, having an instinctive feeling that the money was given her as a sort of test, which stimulated her to be equal to the emergency alone.

A week elapsed, and the opening day of the winter term of school arrived with the question no nearer a settlement than on Christmas morning, except that she had come to the determination to find, if possible, some method of investing her money, by which, while serving some useful purpose to others as well as herself, it should be made to yield something of interest in return.

This denoted both a benevolent and practical turn of mind; and as if only waiting such a conclusion, a plan whereby this possibly might all be accomplished was that day suggested to her in a remark made by one of her school-mates which she chanced to overhear.

“Oh, how I wish,” said one little girl to another, “some one here would keep books to lend as they do in cities. My auntie writes she has the reading of all the books she desires by simply paying two cents a day for their use.”

Janet started as the thought flashed across her mind that, perhaps, here was something she could do; and she wondered how many books fifty dollars would buy, and if she would be capable of managing a circulating library of this kind.

The more she thought about it the more pleasing seemed the idea; and when Saturday came, bringing a respite from school duties, as was her wont with all matters of importance, she went to talk it over with grandpa and get his opinion.

Without preamble or delay, waiting only to exchange greetings, she plunged directly into her subject by saying: