Never had there been such a sensation since the day when Brownsville, Ohio, was first founded, as that which was experienced on the 23rd of December, 1879, at the news that Mr. Partridge, the cashier at the bank, had absconded, and that a great number of valuable securities, and a large sum of money, were missing. The first report indeed stated that the bank would have to suspend payment; but the panic caused by this was speedily allayed by the issue of a notice, signed by James Johnstone, President, to the effect that the loss, although heavy, would in no degree affect the stability of the bank, that the assets were equal to all demands, and that the books had already been placed in the hands of skilled accountants, who would before nightfall certify to the stability of the bank.

This did not, however, prevent a run taking place; but as all demands were promptly met, and as at six o'clock in the afternoon a satisfactory assurance as to the state of the bank, signed by the two accountants, was affixed to the doors, confidence was restored, and the people were able to concentrate their attention upon the subject of the missing cashier. A few said that they had always suspected that something was wrong, but these were the people who are always wise after an event; the majority admitted frankly that there was nothing in William Partridge's antecedents or behaviour which would warrant a shadow of suspicion as to his probity. He was not altogether a popular man, and was what the people of Brownsville called high in his notions; that is to say, he did not care about mixing much in general society, being intimate only with a small circle of friends.

There was nothing indeed in Mr. Partridge's way of living which would not have been warranted by the salary he was known to draw. He lived in a pretty house just outside the town, and certainly spent more money than his neighbours in keeping his garden bright with flowers but he never entertained on a large scale. His dinners were choice but small, he kept no equipage, and had no expensive tastes. His reputation indeed was that of a somewhat retiring man with a higher degree of culture and education than most of his neighbours, with quiet and refined manners and studious tastes. All these things, however, would not have prevented him from being seized with the demon "speculation". For many another man, apparently as quiet and as refined, had ruined himself that way; and the verdict of Brownsville was unanimous that he must have become involved in some extensive speculations which had failed signally, and to bolster himself up must have taken the bank funds and securities, hoping to be able to replace them at the next turn of luck.

Everyone agreed that the greatest credit was due to the president, whose vigilance and astuteness had detected the defalcations before they had reached a point which would have proved ruinous to the bank, its shareholders, and depositors. Mr. James Johnstone had always been a popular personage in Brownsville, but he was never so popular as upon this occasion. A deputation of shareholders and depositors waited upon him to express their thanks for his vigilance and watchfulness; and although Mr. Johnstone did not say much he led them to understand that they had every reason to be grateful, for that things would very shortly have been in a very bad way had it not been for his interposition.

The president was a tall man, and just sufficiently inclined to stoutness to add to his appearance of respectability and solvency. He was smoothly shaven, and wore gold eye-glasses, and looked a director every inch. While his cashier never attended public gatherings on scientific, political, or sordid subjects, the president was always a prominent figure at them. He never, however, took a leading part on either side, but appeared rather in the character of an arbitrator. His speeches were always pleasing to both parties, throwing oil on the troubled waters. He was a large subscriber to all the local charities, and although he himself belonged to the Baptist persuasion he made no distinction between the various creeds in the distribution of his alms. Such being the case, when Brownsville once realized the fact that its own savings were in no jeopardy, its sympathy with the banker for the annoyance and trouble that this occurrence would cause him became very great. The matter was discussed in all lights at every tea-table in Brownsville, and even formed the principal topic of conversation among a number of young people who were preparing a school-room for the festivities which were to take place on the following evening.

"What is to be done about Roland Partridge?" Lilla Fairfax, a girl of some sixteen years of age, asked during a pause in the buzz of conversation.

"Of course he won't have the bad taste to show his face here," Percy Johnstone, the president's son, replied.

"I don't see that," Cissie White, a girl who had, however, taken no part in the conversation, but had been sitting in a corner, undisturbed, manufacturing wreaths, said warmly. "He is not to blame for the faults of his father."

"Bravo, Cissie!" Percy Johnstone said in a sneering voice. "It is as well that he should know what a valiant champion he has; but, you see, we have scriptural authority for saying that children must suffer for the faults of their fathers."

"It was not meant in that way," the girl retorted, "and I think it very mean of you to talk so. I suppose you think because Roland Partridge is to suffer for the fault of his father that you are a great man because of the numerous virtues of yours."