"Why—didn't you recommend me to apply for shares?"

"Of course I did, and I wonder you don't feel grateful for the advice. Every body thought they would have come out at a high premium. I would not have taken six pounds for them in the month of September; but this infernal potato business has brought on the panic, and nobody will table a shilling for any kind of new stock. It was a lucky thing for us that we got a kind of hint to draw in our horns in time."

"And pray, since the concern is wound up, as you say, how much of our deposit-money will be returned?"

"You don't mean to say," said Cutts, with singularly elaborate articulation—"You don't mean to say that you were such an inconceivable ass as to pay up your letter of allotment? Well—I never heard of such a piece of deliberate infatuation! Why, man, a blacksmith with half an eye must have seen that the game was utterly up a week before the calls were due. I don't think there is a single man out of Scotland who would have made such a fool of himself; indeed, so far as I know, nobody cashed up except a dozen old women who knew nothing about the matter, and ten landed proprietors, who expected compensation, and deserved to be done accordingly. You need not look as though you meditated razors. The Biggleswade concern will pay for this more than thirty tines over."

"I'll tell you what, Cutts," said I in a paroxysm, "this is a most nefarious transaction, and I'm hanged if I don't take the law with every one connected with it. I'll make an example of that fellow Hasherton, and the whole body of the committee."

"Just as you like," replied the imperturbable Cutts. "You're a lawyer, and the best judge of those sort of things. I may, however, as well inform you that Hasherton went into the Gazette last week, and that you won't find another member of the committee at this moment within the four seas of Great Britain."

"And pray, may I ask how you came to be connected with so discreditable a project? Do you know that it is enough to blast your own reputation for ever?"

"I know nothing of the kind," said the Saxon, commencing another cigar. "I look to the matter of employment, and have nothing to do with the character of my clients, beyond ascertaining their means of liquidating my account. The committee required the assistance of a first-rate engineer, and I flatter myself they could hardly have made a more unexceptionable selection. But what's the use of looking sulky about it? You can't help yourself; and, after all, what's the amount of your loss? A parcel of pound-notes that would have lain rotting in the bank had you not put them into circulation! Cheer up, Fred, you've made at least one individual very happy. Glanders is going it in New York. I shouldn't be surprised if half your deposit money is already invested in mint-juleps."

"It is very easy for you to talk, Mr Cutts," said I, with considerable acrimony. "Your account, at all events, appears to have been paid. Doubtless you looked sharply after that. I cannot help putting my own construction upon the conduct of a gentleman who makes a direct profit out of the misfortunes of his friends."

"You affect me deeply," said Cutts, applying himself diligently to the decanter; "but you don't drink. Do you know you put me a good deal in mind of Macready? Did you ever hear him in Lear,