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they do not look forward to an abundance, less anthracite has been mined this year of pocket-money in the country for the than will prove sufficient for a full demand, coming winter.

a considerable rise in that article


be Many persons are surprised at the pres- expected. ent moment, by the good price of cotton; Nothing can rescue the iron manufacthose prices are to be attributed to sev turers from their present deplorable condieral causes, which we will enumerate. tion but an adequate protection. It is First, the very large investments of cap- not generally understood how small profital in New England, made during the its the English producers of iron are conlast five or six years, in manufactories, tented with ; the owners of furnaces, there, compel the employment of those manu- being generally either gentlemen of large factories, even at unremunerative prices; estates, or very rich companies, they are while, at the same time, it is not to able to export the iron which they probe forgotten, that the entire continent, and duce, sometimes for successive years, at the people of foreign countries, must con. prices which pay only the expense of protinue, as heretofore, to purchase clothes. duction : depending upon the home mar

So much for the natural and ordinary ket for a steady demand, they trifle with causes of the rise in the price of cotton. the foreign market, and are able to exist If we now add, what is notorious, that the without it. supply of lowlands cotton is unusually We have gone farther than we intendsmall, a great part of the crop having fail- ed at the commencement into the discused or been destroyed, an additional two sion. Our first design was merely to set per cent. may be added from that cause. forth the arguments of the “Plough, Loom,

Lastly, we have the cheapness of trans and Anvil," but we have added many of portation. Merchandise can be conveyed

Want of space prevents our enacross the ocean, at present, for prices tering more at large upon the great and which make navigation the least profitable absorbing question of the cotton trade and investment of capital.

manufacture. It is our intention to return Other causes might be added of consid to the subject at the earliest opportunity. erable importance, such as the existence A scurrilous attack has been made upand probability of an increased foreign de- on us, because of our previous article. As mand; but those enumerated are sufficient it is with arguments, and not with pasto account for the present prices.

sions, that we have to do, it is unnecessary With the opening of the manufactories, to take any farther notice of that attack, the price of iron may be expected to although it seems to bave been written by advance in some small degree; and as we the same commercial writer whose opinlearn, from good authority, that vastly I ions we have been controverting.

our own.




landed, was by no means capable of meeting extraordinary demands.

He must RENNOE, so unexpectedly baffled in his therefore borrow; but borrowing in those first effort, was forced to a complete days was not the easiest thing accomplishchange in his tactics. Laurence Sey- ed. His neighbors pursued the same mour had returned, and all that could now system of management as himself, and be done was to make the best of it. A were not accustomed to keep large funds new and undesired element had been in hand. Thirty-six hundred pounds thrown into the game; it could not be could nowhere be raised. neutral, and must be so managed as to The anxiety of the family was not uncontribute to final success. Miss Chesley observed by Reginald, yet for awhile he evidently regarded the Englishman with seemed not to notice it, nor to be aware no dislike ; indeed, if she made any dis- of the source whence it issued. At last tinction between the two suitors, it was in Mr. Chesley alluded to his situation, and his favor. Rennoe saw no other scheme threw out hints before him he was too so simple and so likely to have a favorable proud to speak urgently--that no friend issue, as to increase this bias by every could do a more acceptable thing than to means in his power. He knew that when advance the sum so much needed. As ever Reginald found Matilda irrevocably young Ander received the information in lost to him, disappointment and disgust silence, the inference was at once drawn would be strong persuasives to the choice that it was either inconvenient or imposof a different scene and a different life. sible for him to be of any service. The Rennoe's plan precluded any very ac

faces of the whole household became very tive measures at the outset. Seymour gloomy. It was decided that the only could doubtless make love on his own alternative left was to dispose of two or account better than any one else could three families of slaves, and how painful make it for him.

such a necessity is, a Southerner can unReginald, on the other side, felt con- derstand. Reginald and Matilda, in walkvinced that it was only by energetic play ing together one morning, chanced to pass that he could overcome the many advan- by the quarters. Matilda burst into tears, tages of his handsome rival. He watched and as her companion stood gazing upon eagerly, therefore, the appearance of some her with an air of concern, said—“Exopening which might enable him to inter- cuse me, Mr. Ander; but old Nelly, my pose a skillful move.

nurse, lives in that cabin, and she, too, Mr. Chesley had a distant connection, must go into the hands of a stranger. wild, dissipated sort of fellow, supposed to Her sons have to be sold, and she will not be reformed, who, in setting up a store, had be parted from them. Oh! it is terrible worked upon the old man's generous na- to think that all those familiar, honest ture so far as to induce him to become faces must be banished." his endorser to a heavy amount.

The “I trust it may be dispensed with," spendthrift cousin failed, and Mr. Chesley said the young man. found himself called upon suddenly to Matilda looked up inquiringly through pay three thousand six hundred pounds her tears, and Reginald added : sterling. The planter lived fully up to I have delayed speaking till to-day, his income, and his estate being chiefly for fear of making promises which I might VOL. IV.





not be able to perform. Immediately on gust. Heavy premonitory drops had alhearing of your father's difficulty, I wrote ready fallen, and Gilbert Jordan was noto the overseer on my lower plantation, thing loth to find so convenient a shelter. directing him to sell the last season's to- Rennoe, it was found on inquiry, was bacco

crop, which I had been reserving in not in the house; and Reginald, pleased the prospect of a better price. He has that he had no interruption to apprehend, done so; and I am rejoiced at being now produced wine and fruit, and soon enable to furnish your father with the sum gaged his guest in a desultory conversahe wishes."

tion. Matilda's face beamed with gratitude. After awhile, Jordan inquired whether

Reginald felt that something was ac- he played. complished, but not enough. And all

No, sir." his faculties were in restless pursuit of a

“I should ihink,” rejoined the gambler, new and more decisive measure. Simon “that in the country here you would find Rennoe learned what had been done with yourselves compelled to resort to cards in little gratification, but he saw no need as order to pass away the time.” yet for his own interference. “ She will “ It might be so, if the weather every not marry him for a loan,” was his reflec- day were such as it is now; but when the tion.

sun is shining, and a man has out-of-door Anderport received a visitor. Gilbert sports open to him, I see little amusement Jordan, a “professional gambler," of rare in bending over a parcel of bits of painted dexterity, was otherwise a man of mark. pasteboard.” A face of the style called gentlemanly, “But in travelling, though,” suggested rich, though flashy clothing, and an easy, Jordan, “how dull it is to spend long off-hand address, introduced him to the evenings counting the flies on a tavern favorable notice of the townspeople. His window !" hand was fair and delicate, like a lady's ; “Yes,” said Reginald, “and therefore his wrist small enough to be clasped with I hate to travel. Young Edward Chesley thumb and finger; but the arm above (who has some money to take for his swelled rapidly towards the shoulder, and father down to St. John's) invited me a judge of thews and sinews could discern yesterday to go with him, but I declined. the development of great muscular power. He afterwards persuaded Mr. Seymour, I Indeed, Jordan had obtained a terrible think, to be his companion.” celebrity for feats of prowess. Besides There was a peculiar expression in the his expertness at pistol, knife, and rifle, gambler's cye, and Reginald observing and a pugilistic skill which had extricated that he had taken the bait, added—" Such him unscathed from many a tavern brawl, a tedious journey as that now, might well he could boast the further distinction that need to be relieved by some excitement." no single man had ever offered him a “I should think so, too," replied the wrestling "shake” without having cause other. “When did you say Mr. Chesley seriously to repent his temerity.

started, sir ?” Reginald had heard of the gambler, “ This morning; but the shower must but had never seen him, when, on an prevent them from getting further than afternoon in July, a heavy thunder-cloud Shenkins' to day." drove him suddenly home from a ride. “I have business at Shenkins' myself," As he reined in his horse at the gate in said Jordan, walking to the window. front of the mansion, he noticed a man “It's rather a gloomy sort of place," coming rapidly down the road from the remarked Reginald," and I doubt not my opposite direction. One glance enabled friends will be glad of your company. him to recognize the personage who had You will not get Ned Chesley to play with been described to him. During the mo

you, however.” ment which was occupied in raising the “Why not?" asked Jordan, quickly. latch, a thought shot through his mind, “Oh, he's rather a wild fellow someand turning towards the road, he called times, to be sure, and is easily excited by to the stranger, and invited him to take wine; but he never plays, and, indeed, refuge in the house from the threatened ought to be particularly careful at this

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time, when he is intrusted with thirty-six | perceiving that Edward Chesley had behundred pounds."

come much interested, while Seymour was “That's a good deal, sure enough,” said yawning, cunningly drew forth his watch. the gambler, vacantly.

· Half-past ten,” he said. "Perhaps Seymour might play with “So late?" replied Seymour. “Don't you,” Reginald continued, after a pause. you think it's bed-time, Ned ?" “I don't think he is principled against “Yes,” responded his friend, “as soon cards."

as the game is up." “No. I had a game with him myself, The game finished, Seymour exchanged the other day; he won a trifle, too." his boots for a pair of slippers, and was

"It is very well for Seymour to win,” | about to start for the chamber. observed Reginald, in a dry tone; " for I Are you not thirsty, gentlemen?" obdon't think he has a great deal to lose. served Jordan. “Here, boy,” he added, He may play without danger; but Ned addressing the negro in attendance, Chesley ought to be careful."

“can't you get us a pitcher of fresh water "Certainly,” replied the guest, rising, from the spring ?” "but I see that it has cleared off-I'll be “I don't think I shall wait for it," said obliged to you to have my horse brought." Seymour. “You'll be up to bed right

Within ten minutes Gilbert Jordan was away, Ned, will you not ?" on his way to Shenkins', chuckling at the Yes." thought of how neatly he had pumped As soon as Seymour's steps were heard his late entertainer. About nightfall he on the passage staircase, Jordan proposed reached the tavern, and found there the to Chesley to take a little game while they party of two, which he was so desirous of waited. The young man's assent was meeting

promptly given. One game led to anEdward Chesley was a good-hearted other. Wine was brought forth, and at a youth, but thoughtless, and a little too time when Seymour was calmly slumberprone to the wine-cup. His father, aware ing in the room above, the youth whom of his infirmity, was unwilling to send him he had been charged to watch over had with the money, unless in the company of madly commenced to draw upon the sasome steady, reliable person. Reginald cred fund of which he was the bearer. had no fancy to go; Seymour, also, would Hours swept by, the victim became more greatly have preferred remaining by the and more fascinated, and at the end, havside of Matilda, but he felt that as his ing been stripped of the last of the thirtyrival had already done so much in the six hundred pound notes, staggered to matter, it was incumbent on himself not bed, dizzy, stupefied, and almost unconto refuse any opportunity of rendering a scious. service.

In the morning, neither of the friends Seymour played occasionally, rather in awoke until summoned by the servant, anaccordance with custom, and to occupy a nouncing that breakfast was ready. The vacant hour, than from any love of gam- scene then may be imagined. Agitated

beyond measure by the information which At the tavern, therefore, he sat down Edward's halting tongue stammered forth, with Gilbert Jordan, as a mere affair of Seymour's first impulse was to rush below course. Young Chesley stood and looked and seek Jordan. "The successful gambler

had been gone several hours. “Won't you take a hand, Mr. Chesley ?” The two young men rode back sorrowful said Jordan.

enough. When they reached Anderport, Ned shook his head.

Seymour stopped, as if to enter his lodg. “ You had better,” observed Seymour: ings. Edward said, "we only play for small stakes, so there “Don't leave me, Laurence; I dare not can be no risk.”

meet my father alone.” “Well,” answered Ned, but the word Seymour hesitated, and replied, “Ride should have been Ill,for he yielded and on slowly, then, and I will overtake you." made a party at the table.

Edward, for a mile or two, was quite In the course of an hour or two, Jordan absorbed in thought, but after that looked




back frequently, in expectation of Seymour. "You won a large sum from Edward Seymour did not come, and the poor youth Chesley last night ?" found himself at the gate of home, to him, “Yes, I did, and fairly, I believe." at that hour, the most wretched spot on · Hardly so, Mr. Jordan. He is a young earth.

fellow, perfectly inexperienced at play, Mr. Chesley, after one sharp ejaculation, excited with wine at the time, and besides, listened to his son's account in profound the money was not his own.' silence. Then burst the storm.

"I cannot help that; he ought to have Matilda was sitting in the adjoining been more careful, or his friends should

The loud voices penetrated the have looked out for him.” oaken partition, and she heard nearly all “Indeed," urged Seymour, "you will that was said. When, at the close of the inflict great wretchedness upon many parinterview, Edward, burning with anger at ties by not restoring that sum. himself and at the whole world, rushed "I don't dispute your word, sir," reinto the garden, his sister's soft step fol- plied the man, with civil insolence, “not in lowed him. Into her sympathizing ear he the least, sir. I feel bad myself, when I poured all his vexation and his sorrow. lose.” Before his father, he had been too proud Come,” shouted Seymour, fiercely, to seem to apologize for himself by throw- "I'll have no more words. That money ing any share of blame upon another. must be given up.” Now, provoked with Seymour for having "So I hear you say," answered the violated his promise and deserted him, he gambler, coolly. told Matilda how his companion's persua- Seymour's rejoinder was a grasp upon sions constituted the temptation which had his collar. Jordan immediately grappled led to his ruin. Matilda, all her tender with him, and after a brief struggle Sey: feelings enlisted by her brother's suffering, mour was hurled to the floor stunned, and partook of his resentment against her with a dislocated arm. lover.

It was unfortunate for Laurence Sey. But where was the young Englishman ? mour that Matilda did not hear of the As soon as he entered his apartment at danger he had incurred, until she was the Anderport tavern, he shut himself in, informed that he had escaped from it and paced for some minutes up and down with no serious injury. There was nothing the floor, distracted by the keen reflections in the mere fact of a bar-room brawl to which he could not repress. Never in his relieve his character from the reproach of life before did he so curse his poverty as the previous fault. It only showed that then. If, by the sacrifice of every shilling after foolishly neglecting, not to say perhe had, he could but have made up the verting, a trust which love for her, if amount so unluckily lost at Shenkins', he every other consideration were wanting, should have felt relieved and happy. should have made sacred, he was so

inconFrom the window he could see the white siderate as to rush straightway into furfront of the Ander mansion. The sight ther difficulties. made him stride yet more furiously. It The young man, in pain from his arm, suggested the picture of Reginald supply- was tortured by the ill-tidings which gosing Matilda and her father, out of his siping tattlers were ready enough to give wealth, whilst he himself, in worse than him. Mr. Chesley, it was said, exhibited beggarly wretchedness, had not only to signs of great distress, but was, moreover, witness the spectacle of his rival's munifi- exceedingly incensed with his son Edward; cence, but to bear the shame of making it, while his daughter walked daily with by his folly, utterly fruitless. Remember- young Mr. Ander, and evidently received ing, however, the promise to Edward, he comfort from his society. The black hastened down stairs. A voice which he waiter said that the young lady, chancing had heard before sounded from the bar- to meet him on one of these occasions, room. He hurried thither, and met Gilbert had inquired how Mr. Seymour was. Jordan.

“ And how did she ask it ? Did she “Mr. Jordan! a word with you."

seem anxious ?“Well, sir."

“ No, sir, she weren't at all oneasy,

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