"We fear ill more than we hope for good," he replied.

"Then I want to remain young as long as I can."

"A good wish, Tom. Some men are always young in spirit; but those that have seen the evil there is in the world find it harder to be hopeful."

"You speak as if you had had experience of the evil, Mr. Ferguson."

"So I have," answered the Scotchman slowly. Then, after a pause, "I will tell you about it: it's no secret."

"Not if it is going to pain you."

"Oh, the pain is past. It's only a matter of money, and those wounds heal."

"Only a matter of money!" said John Miles to himself. "I must have misjudged Ferguson. I thought money was all in all with him. I did not think he would speak so lightly of it."

"When I was a young man," Ferguson began, "my father died, leaving me a thousand pounds, and a small annuity to my mother. With this money I felt rich, but I knew it would not support me, nor was I minded to be idle. So I began to look about me, to consider what business I had best go into, when a young man, about my own age, a clerk in a mercantile house, came to me and proposed a partnership. He was to put in five hundred pounds, and contribute his knowledge of business, which was greater than mine. He was a young man of good parts, and had a brisk, pleasant way with him, that made him a favorite in business circles. I thought it was a good chance, and, after taking a little time for thought, agreed to his proposal. So the firm of McIntire and Ferguson was formed. We went into business, and for a time all seemed to go well. As my partner chose to keep the books, I was not so clear as I wished to be about matters, but we seemed to be prospering. One morning, however, on coming to business, I found that my partner had disappeared, after possessing himself of all the money he could collect on the credit of the firm. Of course we were bankrupts, or rather I was, for he left me to bear the brunt of failure."

"Have you ever seen him since, Mr. Ferguson?"