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Jack feeling that he was being measured and gauged at every possible indication of the real man, but his honesty of purpose kept him steadfast.

Presently Maverick plunged into the business part, much to Darcy's satisfaction.

"I wrote to my lawyer, Mr. Hildreth, about it," Miss McLeod replied. "He has seen the parties holding the mortgage; and, on account of business embarrassments, they are extremely anxious to realize upon it. Mr. Minor is naturally desirous of having it sold at an advantage; but he is on the bond, and has been making continuous efforts with no success. No one can tell how low property will sink, business property especially, that depreciates so rapidly if neglected. The mortgage is considered one-third of what the property was valued at seven years ago; but we have all shrunk a trifle since that," with a shrug, and a curious little bend of the head, as if the decapitation was not altogether a pleasant process. "This is the 4th of August, and on the 19th it is advertised for sale. There may be one chance in a thousand of a better purchaser; though Mr. Hildreth thinks no one but a lunatic, or a woman, would put money in such an adventure," her lips curving in their bitter-sweet smile. Indeed, there was nothing she was so much like as a cluster of bright bitter-sweet berries, on a sharp but sunshiny autumn day, with the leaves and tendrils brown and faded, but the brilliant life and soul still shining from the ripe centre. She impressed you with the same defiant glow of exultation.

"I have money lying idle, it is true," she continued; "but I want to hear your plans before I decide, Mr. Darcy. Philip," nodding to her nephew, "has interested me in this scheme; but I must know what it promises before I take the risk."

Jack was confused a little by the bright, penetrating glance; and he had not quite overcome his boyish trick of blushing. Often as he had gone over the plan with Howell, Fawcett, and other political economists at his tongue's end, all his troupe of fine ideas seemed to desert him. He laughed at his own embarrassment: she smiled and nodded, and that made them friends.

"I don't know that I can put it any better," he began earnestly, "than to say that I want to take up the lever of work, and put the wheels of labor in motion, to bring the starving workmen and the halting capital together again. It is all very well for us to rush every dollar into government-bonds; but if there is no business, what is to augment our revenue, and where then shall we be finally, with our mills and workshops shut up, and our people begging? If I had enough of my own to bridge over the chasm, I would ask no one's help," he went on a little proudly. "The mills at Yerbury stand in sad silence, with ruin before them; our men are idle and dispirited, turning into tramps and vagabonds, because they hate to sit still and starve. And here am I, of no real use to the world, and the eight years back of me that I have spent in perfecting myself of no account either, unless I find something upon which to employ my ability and training. If I purchase the mills, we must hire capital to work them with, and everybody would be shy of us. We can get together the capital if we could be sure of the place for five years, at a moderate rental."

"But would not a joint-stock company answer the purpose better, and carry more weight?" she asked, listening with a sort of intent wariness.

"I want to enlist the workmen, so that we shall be reasonably sure of co-operation in other things beside money, industry, thrift, faithfulness, and a common interest in success. If times are hard, we shall all make sacrifices: if they improve, we shall benefit by the earnestness of our endeavors. Maverick and I have made a little draft, based on the workings of the best French and English societies. If you will look it over"--and he took it out of his memorandum.

She studied it with a keen, rapid glance.

"It is what I should call an industrial partnership," Darcy continued. "We _should_ own the mill; but, as we cannot, that must go in the working expenses. As the men choose, and are able, they can hold shares; but at present this will be obtained--say from a dozen perhaps. Nothing now will bring in twenty or even ten per cent, and we must be satisfied with whatever we can make. We have had our good times, and now we must take the evil; but if there is any better way than sitting down resignedly, and folding both hands, I, for one, want to find it."

She was taking in the combinations of emotion and purpose that flitted over his face. A man who would do something if he could get that hardest of all things, a foothold to stand upon.

"I think you might make more money," she said with pointed brevity.

"Which would not be co-operation," with his frank, genial laugh that went to her heart. "I want to try the experiment. Not that I expect to solve all the difficulties between labor and capital; but I shall try to make them better friends, so that, when you have weathered a hard gale, pinching yourselves to keep on the workmen, they will not strike for higher wages on the first stir of improvement, as they will be certain of their share."

"You are a philanthropist, Mr. Darcy. Can you depend upon the temper of your men? They may do very well just now when they are starving; but, when times improve, are they going to wait one year or five years for the sum they consider part of their wages? And if there should be no surplus, but losses, as has often happened in manufacturing? Your workman will


'Fork out his penny, and pocket your shilling,'


fast enough; but when the tables are turned, what then?"

"There _must_ be a different feeling when men are banded together in a mutual business interest. The very spirit of association appeals to what is best and noblest in human nature. As it has been in Yerbury, for example, the workmen contributed of their ability and strength to support one family in princely luxury, pay one extravagant salary, and several others that were out of all proportion to the wages earned, and an extensive defalcation. No one is at all the gainer now, unless it be the thief," his face scarlet with indignation at the remembrance of Eastman. "The men have been hit the hardest of all. No wonder they feel bitter and discouraged. We make many an Ishmael by sending him out with his jug of water, while there are feasting and revelry within."

"But you cannot make all human nature noble or sensible or grateful. There is the grand co-operation of the forty years in the wilderness, when food was provided, and clothing lasted miraculously; yet under these favorable circumstances, and with the sure promise at the end, there was not a heavenly unity."

Jack laughed heartily.

"We must keep from golden calves and such folly," he said. "We are likely enough to have our waters of Marah. But it seems to me the best way to ennoble labor, give it its true dignity, and show the possibilities for the workmen, is concerted action. As matters stand now, few poor men can ever acquire sufficient capital to start any business; and perhaps this is not best when we consider the cost of machinery, and the ever-appearing new inventions. The small capitalist could _not_ compete with the large one. Yet capital often takes as its right the best strength of the workman, the years of maturity and ability, and throws him off in his old age. I know labor retorts by carelessness, wastefulness, and utter indifference to the employer's welfare. One is a machine to grind labor into money; the other, to grind all he can out of capital. Perhaps my design is Utopian, but it seems as if something ought to be done before we train a whole generation of men to be paupers and thieves. Better that we should spend our money in labor experiments than supporting poorhouses and prisons."

Jack had lost his embarrassment now. There was a glow on his cheek, and a steady fire in his eye, the lines about the mouth sharply drawn, and indicating not only masterly strength, but a kind of pitying patience, that would never degenerate into sentimentality. It was a very manly, trusty face; and his sterling honesty impressed Miss McLeod, long trained to reading faces, while his sturdy good sense promised much.

"I should like Mr. Hildreth to see this paper," turning it in her still supple fingers. "What if some of your men insist upon going out after a year or two, Mr. Darcy?"

"There will be some kind of forfeiture, of course. The true business capital must remain intact the whole five years: the direct proceeds of labor may be subject to some changes, but in any event the business interests must not be jeopardized."

There was a moment's interruption of a servant; then dinner was brought in, and arranged for three. The bright-eyed old lady made a charming hostess. She poured their tea with a quaint dignity, and made them feel quite as if she were dispensing hospitality in her own house.

She was the kind of woman whom young people, past the lunacies of sixteen, invariably like. The feminine portion told her their love troubles, the young wives came to her with tangles and little jealousies; and, if she could not always straighten them out, she had a marvellous way of comforting. Young men drifted toward her by some species of magnetism, though she had none of the fussy motherliness of some old ladies. With faculties still keen and bright, a great fund of good-humor that had the sparkle of champagne rather than any insipid sweetness, she never wearied or palled on any one. She kept herself well informed of the world's progress, she knew of the principal stars in the literary, dramatic, and artistic world, and to be asked to her house was a compliment.

The conversation was more general now; and, though Maverick had told every thing of note about Yerbury, she was not indisposed to listen to it again. They discussed the panic and its causes, and ventured upon guesses as to its duration. They all agreed that there had been too much haste to be rich, too much greed of speculation, too much personal greatness, and not enough national greatness. No generous striving together to build up what the war had pulled down, but every man for himself and for gold. If women had been frivolous and vain, and dazzled by the glare of newly acquired wealth, men had not been quite free from faults. The terrible lowering of morals, the dishonesty and fraud easily condoned, and laughed over as a kind of shrewdness, were sad examples to set before the next generation.

In her way Miss McLeod was quite a politician, having been so much in that circle. Her views of men and measures were keen and discriminating; and her bits of trenchant wisdom quite dazzled Jack, who at the last, proposed laughingly, as his panacea, that every man should undertake the mending of himself, when the world would soon be righted.

Afterward a coupe came, and they drove to the Park. There evening and the bonny new moon overtook them; but the streets and country roads
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