"I am, sir."

"I am very sorry for you. You are throwing away your money; you can't succeed with two old printing houses here. You will fail."

"What makes you think so?"

"Because Philadelphia is degenerating, and half the people are now bankrupt, or nearly so, and how can they support so many printers?"

"But the appearance of Philadelphia indicates thrift," answered Benjamin. "See how many buildings are going up, and how rents are rising every month. This does not look like going backward, it seems to me."

"These are the very things that will ruin us," responded Nickle. "They are no evidence of prosperity, but of extravagance, that will bring disaster sooner or later."

"That sort of disaster is what we want," suggested Benjamin; "the more of it the better. If Philadelphia ever becomes much of a town, it will be in just that way." Benjamin saw at once that he was talking with a croaker and treated him accordingly.

There was an organization of business men in Philadelphia at that time, known as the "Merchants' Every-Night Club," answering, perhaps, to a "Board of Trade" of our day. Its purpose was to advance the business interests of the town. A member raised the question, "Can another printing house prosper in town?"

"Not with the present population," was the view of one member.

"It will be a long time before three printing houses will be required," remarked another.