There was a panic this morning in financial circles, owing to the frantic conduct of a gambling chap from the Senate, who has been saving up money to bet on the fall of Richmond, and was trying to put it out at interest. "I'll take seven per cent. for it the first year," says he, anxiously, "and leave it standing until national strategy comes to a head."

A broker took it for five years, my boy, with the privilege of extending the time after each fresh victory.

Speaking of victories, my boy, I was present at the recent series of triumphs by the Mackerel Brigade, on the left shore of Duck Lake, and witnessed a succession of feats calculated to culminate either in the fall of Richmond or the fall of the year.

From the head-quarters in the city of Paris to the brink of Duck Lake, the Mackerels were drawn up in gorgeous line of battle, their bayonets resembling somewhat an uncombed head of steel hair, and their noses looking like a wavy strip of summer sunset. By their last great stragetical manœuvre, they had lured the Southern Confederacy to court its own destruction

by flanking them at both ends of the line, and they were only waiting for the master-mind to give them the signal.

Samyule Sa-mith advanced from this place in the staff as I rode up, and says he:

"Comrades, the General depends on you to precede him to glory. We had hoped," says Samyule, feelingly, "to have the company of two French counts in this day's slaughter; but those two noble Gauls had not time to wait, as they desired to visit the Great Exhibition in London."

These remarks were well received, my boy; and when the order was given for Company 3, Regiment 5, to detour to the left, it would have been promptly obeyed but for an unforeseen incident. Just as Captain Villiam Brown was about to break line for the purpose, an aged chap came dashing down from a First Family country-seat near by, and says he to the General of the Mackerel Brigade:

"I demand a guard for my premises immediately. My wife," says he, with dignity, "has just been making a custard-pie for the sick Confederacies in the hospital, and as she has just set it out to cool near where my little boy shot one of your vandals this morning, she is afraid it might be taken by your thieving mudsills when they came after the body. I, therefore, demand a guard for my premises, in the name of the Constitution of our forefathers."

Here Captain Bob Shorty stepped forward, and says he: