Mr. Furlong continued his scrutiny of the accounts. "Excellent," he murmured, "and on the whole an annual surplus, I see, of several thousands. But stop a bit," he continued, checking himself; "what's this? Are you aware, Edward, that you are losing money on your Foreign Missions Account?"

"I feared as much," said Edward.

"It's incontestable. Look at the figures for yourself: missionary's salary so much, clothes and books to converts so much, voluntary and other offerings of converts so much why, you're losing on it, Edward!" exclaimed Mr. Furlong, and he shook his head dubiously at the accounts before him.

"I thought," protested his son, "that in view of the character of the work itself—"

"Quite so," answered his father, "quite so. I fully admit the force of that. I am only asking you, is it worth it? Mind you, I am not speaking now as a Christian, but as a businessman. Is it worth it?"

"I thought that perhaps, in view of the fact of our large surplus in other directions—"

"Exactly," said his father, "a heavy surplus. It is precisely on that point that I wished to speak to you this morning. You have at present a large annual surplus, and there is every prospect under Providence—in fact, I think in any case—of it continuing for years to come. If I may speak very frankly I should say that as long as our reverend friend, Dr. McTeague, continues in his charge of St. Osoph's—and I trust that he may be spared for many years to come—you are likely to enjoy the present prosperity of your church. Very good. The question arises, what disposition are we to make of our accumulating funds?"

"Yes," said the rector, hesitating.

"I am speaking to you now," said his father "not as the secretary of your church, but as president of the Hymnal Supply Company which I represent here. Now please understand, Edward, I don't want in any way to force or control your judgment. I merely wish to show you certain—shall I say certain opportunities that present themselves for the disposal of our funds? The matter can be taken up later, formally, by yourself and the trustees of the church. As a matter of fact, I have already written to myself as secretary in the matter, and I have received what I consider a quite encouraging answer. Let me explain what I propose."

Mr. Furlong senior rose, and opening the door of the office,