"Mine ist ferry sheaps."

"I dare say they may be," returned dear grandmother, smiling; "though cheap watches are not usually the best. Is that very pretty pencil gold?"

"Yes, ma'ams; it ist of goot gold. If it might not be I might not say so."

I saw suppressed smiles among the girls; all of whom, however, were too well-bred to betray to common observers the sense of the ridiculous that each felt at the equivoque that suggested itself in my uncle's words.

"What is the price of this pencil?" asked my grandmother.

Uncle Roger had too much tact to think of inducing his mother to take a purchase as he had influenced Miller, and he mentioned something near the true value of the "article," which was fifteen dollars.

"I will take it," returned my grandmother, dropping three half-eagles into the box; when, turning to Mary Warren, she begged her acceptance of the pencil, with as much respect in her manner as if she solicited instead of conferred a favor.

Mary Warren's handsome face was covered with blushes; she looked pleased, and she accepted the offering, though I thought she hesitated one moment about the propriety of so doing, most probably on account of its value. My sister asked to look at this little present, and after admiring it, it passed from hand to hand, each praising its shape and ornaments. All my uncle's wares, indeed, were in perfect good taste, the purchase having been made of an importer of character, and paid for at some cost. The watches, it is true, were, with one or two exceptions, cheap, as were most of the trinkets; but my uncle had about his person a watch or two, and some fine jewelry, that he had brought from Europe himself, expressly to bestow in presents, among which had been the pencil in question, and which he had dropped into the box but a moment before it was sold.

"Wa-a-l, Madam Littlepage," cried Miller, who used the familiarity of one born on the estate, "this is the queerest watch-pedler I've met with yet. He asks fifteen dollars for that pencil, and only four for this watch!" showing his own purchase as he concluded.

My grandmother took the watch in her hand, and examined it attentively.