If he gave the money in great glee, still greater was that with which he contemplated the mortgage deed taken in exchange. For he knew it to be the first entering of a wedge, that in due time would ensure him possession of the fee-simple. All the surer, from a condition in that particular deed: Foreclosure, without time. Pressure from other quarters had forced planter Armstrong to accept these terrible terms.

As, Darke, before locking it up in his drawer, glanced the document over, his eyes scintillating with the glare of greed triumphant, he said to himself, “This day’s work has doubled the area of my acres, and the number of my niggers. Armstrong’s land, his slaves, his houses,—everything he has, will soon be mine!”


Chapter Two.

A flat refusal.

Two years have elapsed since Ephraim Darke became the creditor of Archibald Armstrong. Apparently, no great change has taken place in the relationship between the two men, though in reality much.

The twenty thousand dollars’ loan has been long ago dissipated, and the borrower is once more in need.

It would be useless, idle, for him to seek a second mortgage in the same quarter; or in any other, since he can show no collateral. His property has been nearly all hypothecated in the deed to Darke; who perceives his long-cherished dream on the eve of becoming a reality. At any hour he may cause foreclosure, turn Colonel Armstrong out of his estate, and enter upon possession.

Why does he not take advantage of the power, with which the legal code of the United States, as that existing all over the world, provides him?