"Yes, she sent it to me. She is in want of a little money, and did not like to ask her husband for it, for he might not be pleased. So she wants to borrow money on this ring which was given her by her brother at the time of her marriage."

"So, so! And your aunt would like me to lend her two hundred dollars on the ring?"

"Yes, sir."

"I think you will have to carry it to some other pawnbroker, my friend!"

"I don't mind taking a little less," said the young man, who was anxious for more than one reason to realize on the ring at once.

"How much now do you call a little less?"

"Well, say a hundred and seventy-five dollars. Probably my aunt will be able to redeem it in a few weeks."

"If I give you a hundred and seventy-five dollars," laughed the pawnbroker, "I think your aunt will let me keep it for good."

"As to that," said the young man impatiently, "I can make no promises. How much will you give on it?"

"I might give you a dollar and a half," answered the pawnbroker composedly.