V

The afternoon after this conversation Miss Forsythe was sitting reading in her favorite window-seat when Mr. Lyon was announced. Margaret was at her school. There was nothing un usual in this afternoon call; Mr. Lyon's visits had become frequent and informal; but Miss Forsythe had a nervous presentiment that something important was to happen, that showed itself in her greeting, and which was perhaps caught from a certain new diffidence in his manner.

Perhaps the maiden lady preserves more than any other this sensitiveness, inborn in women, to the approach of the critical moment in the affairs of the heart. The day may some time be past when she—is sensitive for herself—philosophers say otherwise—but she is easily put in a flutter by the affair of another. Perhaps this is because the negative (as we say in these days) which takes impressions retains all its delicacy from the fact that none of them have ever been developed, and perhaps it is a wise provision of nature that age in a heart unsatisfied should awaken lively apprehensive curiosity and sympathy about the manifestation of the tender passion in others. It certainly is a note of the kindliness and charity of the maiden mind that its sympathies are so apt to be most strongly excited in the success of the wooer. This interest may be quite separable from the common feminine desire to make a match whenever there is the least chance of it. Miss Forsythe was not a match-maker, but Margaret herself would not have been more embarrassed than she was at the beginning of this interview.

When Mr. Lyon was seated she made the book she had in her hand the excuse for beginning a talk about the confidence young novelists seem to have in their ability to upset the Christian religion by a fictitious representation of life, but her visitor was too preoccupied to join in it. He rose and stood leaning his arm upon the mantel-piece, and looking into the fire, and said, abruptly, at last:

“I called to see you, Miss Forsythe, to—to consult you about your niece.”

“About her career?” asked Miss Forsythe, with a nervous consciousness of falsehood.

“Yes, about her career; that is, in a way,” turning towards her with a little smile.

“Yes?”

“You must have seen my interest in her. You must have known why I stayed on and on. But it was, it is, all so uncertain. I wanted to ask your permission to speak my mind to her.”

“Are you quite sure you know your own mind?” asked Miss Forsythe, defensively.

“Sure—sure; I have never had the feeling for any other woman I have for her.”

“Margaret is a noble girl; she is very independent,” suggested Miss Forsythe, still avoiding the point.

“I know. I don't ask you her feeling.” Mr. Lyon was standing quietly looking down into the coals. “She is the only woman in the world to me. I love her. Are you against me?” he asked, suddenly looking up, with a flush in his face.

“Oh, no! no!” exclaimed Miss Forsythe, with another access of timidity. “I shouldn't take the responsibility of being against you, or—or otherwise. It is very manly in you to come to me, and I am sure I—we all wish nothing but your own happiness. And so far as I am concerned—”

“Then I have your permission?” he asked, eagerly.

“My permission, Mr. Lyon? why, it is so new to me, I scarcely realized that I had any permission,” she said, with a little attempt at pleasantry. “But as her aunt—and guardian, as one may say—personally I should have the greatest satisfaction to know that Margaret's destiny was in the hands of one we all esteem and know as we do you.”

“Thank you, thank you,” said Mr. Lyon, coming forward and seizing her hand.

“But you must let me say, let me suggest, that there are a great many things to be thought of. There is such a difference in education, in all the habits of your lives, in all your relations. Margaret would never be happy in a position where less was accorded to her than she had all her life. Nor would her pride let her take such a position.”

“But as my wife—”

“Yes, I know that is sufficient in your mind. Have you consulted your mother, Mr. Lyon?”

“Not yet.”

“And have you written to any one at home about my niece?”

“Not yet.”

“And does it seem a little difficult to do so?” This was a probe that went even deeper than the questioner knew. Mr. Lyon hesitated, seeing again as in a vision the astonishment of his family. He was conscious of an attempt at self-deception when he replied:

“Not difficult, not at all difficult, but I thought I would wait till I had something definite to say.”

“Margaret is, of course, perfectly free to act for herself. She has a very ardent nature, but at the same time a great deal of what we call common sense. Though her heart might be very much engaged, she would hesitate to put herself in any society which thought itself superior to her. You see I speak with great frankness.”

It was a new position for Mr. Lyon to find his prospective rank seemingly an obstacle to anything he desired. For a moment the whimsicality of it interrupted the current of his feeling. He thought of the probable comments of the men of his London club upon the drift his conversation was taking with a New England spinster about his fitness to marry a school-teacher. With a smile that was summoned to hide his annoyance, he said, “I don't see how I can defend myself, Miss Forsythe.”

“Oh,” she replied, with an answering smile that recognized his view of the humor of the situation, “I was not thinking of you, Mr. Lyon, but of the family and the society that my niece might enter, to which rank is of the first importance.”

“I am simply John Lyon, Miss Forsythe. I may never be anything else. But if it were otherwise, I did not suppose that Americans objected to rank.”

It was an unfortunate speech, felt to be so the instant it was uttered. Miss Forsythe's pride was touched, and the remark was not softened to her by the air of half banter with which the sentence concluded. She said, with a little stillness and formality: “I fear, Mr. Lyon, that your sarcasm is too well merited. But there are Americans who make a distinction between rank and blood. Perhaps it is very undemocratic, but there is nowhere else more pride of family, of honorable descent, than here. We think very much of what we call good blood. And you will pardon me for saying that we are accustomed to speak of some persons and families abroad which have the highest rank as being thoroughly bad blood. If I am not mistaken, you also recognize the historic fact of ignoble blood in the owners of noble titles. I only mean, Mr. Lyon,” she added, with a softening of manner, “that all Americans do not think that rank covers a multitude of sins.”

“Yes, I think I get your American point of view. But to return to myself, if you will allow me; if I am so fortunate as to win Miss Debree's love, I have no fear that she would not win the hearts of all my family. Do you think that my—my prospective position would be an objection to her?”

“Not your position, no; if her heart were engaged. But expatriation, involving a surrender of all the habits and traditions and associations of a lifetime and of one's kindred, is a serious affair. One would need to be very much in love”—and Miss Forsythe blushed a little as she said it—“to make such a surrender.”

“I know. I am sure I love her too much to wish to bring any change in her life that would ever cause her unhappiness.”

“I am glad to feel sure of that.”

“And so I have your permission?”

“Most sincerely,” said Miss Forsythe, rising and giving him her hand. “I could wish nothing better for Margaret than union with a man like you. But whatever I wish, you two have your destiny in your own hands.” Her tone was wholly frank and cordial, but there was a wistful look in her face, as of one who knew how roughly life handles all youthful enthusiasms.

When John Lyon walked away from her door his feelings were very much mixed. At one instant his pride rebelled against the attitude he had just assumed. But this was only a flash, which he put away as unbecoming a man towards a true woman. The next thought was one of unselfish consideration for Margaret herself. He would not subject her to any chance of social mortifications. He would wait. He would return home and test his love by renewing his lifelong associations, and by the reception his family would give to his proposal. And the next moment he saw Margaret as she had become to him, as she must always be to him. Should he risk the loss of her by timidity? What were all these paltry considerations to his love?

Was there ever a young man who could see any reasons against the possession of the woman he loved? Was there ever any love worth the name that could be controlled by calculations of expediency? I have no doubt that John Lyon went through the usual process which is called weighing a thing in the mind. It is generally an amusing process, and it is consoling to the conscience. The mind has little to do with it except to furnish the platform on which the scales are set up. A humorist says that he must have a great deal of mind, it takes him so long to make it up. There is the same apparent deliberation where love is concerned. Everything “contra” is carefully placed in one scale of the balance, and it is always satisfactory and convincing to see how quickly it kicks the beam when love is placed in the other scale. The lightest love in the world, under a law as invariable as gravitation, is heavier than any other known consideration. It is perhaps doing injustice to Mr. Lyon not to dwell upon this struggle in his mind, and to say that in all honesty he may not have known that the result of it was predetermined. But interesting and commendable as are these processes of the mind, I confess that I should have respected him less if the result had not been predetermined. And this does not in any way take from him the merit of a restless night and a tasteless breakfast.

Philosophizers on this topic say that a man ought always to be able to tell by a woman's demeanor towards him whether she is favorably inclined, and that he need run no risk. Little signs, the eyes alone, draw people together, and make formal language superfluous. This theory is abundantly sustained by examples, and we might rest on it if all women knew their own minds, and if, on the other hand, they could always tell whether a man was serious before he made a definite avowal. There is another notion, fortunately not yet extinct, that the manliest thing a man can do is to take his life in his hand, pay the woman he loves the highest tribute in his power by offering her his heart and name, and giving her the definite word that may be the touchstone to reveal to herself her own feeling. In our conventional life women must move behind a mask in a world of uncertainties. What wonder that many of them learn in their defensive position to play a game, and sometimes experiment upon the honest natures of their admirers! But even this does not absolve the chivalrous man from the duty of frankness and explicitness. Life seems ideal in that far country where the handsome youth stops his carriage at the gate of the vineyard, and says to the laughing girl carrying a basket of grapes on her head, “My pretty maid, will you marry me?” And the pretty maid, dropping a courtesy, says, “Thank you, sir; I am already bespoken,” or “Thank you; I will consider of it when I know you better.”

Not for a moment, I suppose, is a woman ever ignorant of a man's admiration of her, however uncertain she may be of his intentions, and it was with an unusual flutter of the heart that Margaret received Mr. Lyon that afternoon. If she had doubts, they were dissipated by a certain constraint in his manner, and the importance he seemed to be attaching to his departure, and she was warned to go within her defenses. Even the most complaisant women like at least the appearance of a siege.

“I'm off tomorrow,” he said, “for Washington. You know you recommended it as necessary to my American education.”

“Yes. We send Representatives and strangers there to be educated. I have never been there myself.”

“And do you not wish to go?”

“Very much. All Americans want to go to Washington. It is the great social opportunity; everybody there is in society. You will be able to see there, Mr. Lyon, how a republican democracy manages social life.

“Do you mean to say there are no distinctions?”

“Oh, no; there are plenty of official distinctions, and a code that is very curious and complicated, I believe. But still society is open.”

“It must be—pardon me—a good deal like a mob.”

“Well, our mobs of that sort are said to be very well behaved. Mr. Morgan says that Washington is the only capital in the world where the principle of natural selection applies to society; that it is there shown for the first time that society is able to take care of itself in the free play of democratic opportunities.”

“It must be very interesting to see that.”

“I hope you will find it so. The resident diplomats, I have heard, say that they find society there more agreeable than at any other capital—at least those who have the qualities to make themselves agreeable independent of their rank.”

“Is there nothing like a court? I cannot see who sets the mode.”

“Officially there may be something like a court, but it can be only temporary, for the personnel of it is dissolved every four years. And society, always forming and reforming, as the voters of the republic dictate, is almost independent of the Government, and has nothing of the social caste of Berlin or London.”

“You make quite an ideal picture.”

“Oh, I dare say it is not at all ideal; only it is rather fluid, and interesting, to see how society, without caste and subject to such constant change, can still be what is called 'society.' And I am told that while it is all open in a certain way, it nevertheless selects itself into agreeable groups, much as society does elsewhere. Yes, you ought to see what a democracy can do in this way.”

“But I am told that money makes your aristocracy here.”

“Very likely rich people think they are an aristocracy. You see, Mr. Lyon, I don't know much about the great world. Mrs. Fletcher, whose late husband was once a Representative in Washington, says that life is not nearly so simple there as it used to be, and that rich men in the Government, vying with rich men who have built fine houses and who live there permanently without any Government position, have introduced an element of expense and display that interferes very much with the natural selection of which Mr. Morgan speaks. But you will see. We are all right sorry to have you leave us,” Margaret added, turning towards him with frank, unclouded eyes.

“It is very good in you to say so. I have spent here the most delightful days of my life.”

“Oh, that is charming flattery. You will make us all very conceited.”

“Don't mock me, Miss Debree. I hoped I had awakened something more valuable to me than conceit,” Lyon said, with a smile.

“You have, I assure you: gratitude. You have opened quite another world to us. Reading about foreign life does not give one at all the same impression of it that seeing one who is a part of it does.”

“And don't you want to see that life for yourself? I hope some time—”

“Of course,” Margaret said, interrupting; “all Americans expect to go to Europe. I have a friend who says she should be mortified if she reached heaven and there had to confess that she never had seen Europe. It is one of the things that is expected of a person. Though you know now that the embarrassing question that everybody has to answer is, 'Have you been to Alaska?' Have you been to Alaska, Mr. Lyon?”

This icy suggestion seemed very inopportune to Lyon. He rose and walked a step or two, and stood by the fire facing her. He confessed, looking down, that he had not been in Alaska, and he had no desire to go there. “In fact, Miss Debree,” he said, with effort at speaking lightly, “I fear I am not in a geographical mood today. I came to say good-by, and—and—”

“Shall I call my aunt?” said Margaret, rising also.

“No, I beg; I had something to say that concerns us; that is, that concerns myself. I couldn't go away without knowing from you—that is, without telling you—”

The color rose in Margaret's cheek, and she made a movement of embarrassment, and said, with haste: “Some other time; I beg you will not say—I trust that I have done nothing that—”

“Nothing, nothing,” he went on quickly; “nothing except to be yourself; to be the one woman”—he would not heed her hand raised in a gesture of protest; he stood nearer her now, his face flushed and his eyes eager with determination—“the one woman I care for. Margaret, Miss Debree, I love you!”

Her hand that rested on the table trembled, and the hot blood rushed to her face, flooding her in an agony of shame, pleasure, embarrassment, and anger that her face should contradict the want of tenderness in her eyes. In an instant self-possession came back to her mind, but not strength to her body, and she sank into the chair, and looking up, with only pity in her eyes, said, “I am sorry.”

Lyon stopped; his heart seemed to stand still; the blood left his face; for an instant the sunshine left the world. It was a terrible blow, the worst a man can receive—a bludgeon on the head is nothing to it. He half turned, he looked again for an instant at the form that was more to him than all the world besides, unable to face the dreadful loss, and recovering speech, falteringly said, “Is that all?”

“That is all, Mr. Lyon,” Margaret answered, not looking up, and in a voice that was perfectly steady.

He turned to go mechanically, and passed to the door in a sort of daze, forgetful of all conventionality; but habit is strong, and he turned almost immediately back from the passage. Margaret was still sitting, with no recognition of his departure.

“I beg you will make my excuses, and say good-by to Miss Forsythe. I had mentioned it to her. I thought perhaps she had told you, perhaps—I should like to know if it is anything about difference in—in nationality, about family, or—”

“No, no,” said Margaret; “this could never be anything but a personal question with me. I—”

“But you said, 'some other time:' Might I ever expect—”

“No, no; there is no other time; do not go on. It can only be painful.”

And then, with a forced cheerfulness: “You will no doubt thank me some day. Your life must be so different from mine. And you must not doubt my esteem, my appreciation,” (her sense of justice forced this from her), “my good wishes. Good-by.” She gave him her hand. He held it for a second, and then was gone.

She heard his footstep, rapid and receding. So he had really gone! She was not sorry—no. If she could have loved him! She sank back in her chair.

No, she could not love him. The man to command her heart must be of another type. But the greatest experience in a woman's life had come to her here, just now, in this commonplace room. A man had said he loved her. A thousand times as a girl she had dreamed of that, hardly confessing it to herself, and thought of such a scene, and feared it. And a man had said that he loved her. Her eyes grew tenderer and her face burned at the thought. Was it with pleasure? Yes, and with womanly pain. What an awful thing it was! Why couldn't he have seen? A man had said he loved her. Perhaps it was not in her to love any one. Perhaps she should live on and on like her aunt Forsythe. Well, it was over; and Margaret roused herself as her aunt entered the room.

“Has Mr. Lyon been here?”

“Yes; he has just gone. He was so sorry not to see you and say good-by. He left ever so many messages for you.”

“And” (Margaret was moving as if to go) “did he say nothing—nothing to you?”

“Oh yes, he said a great deal,” answered this accomplished hypocrite, looking frankly in her aunt's eyes. “He said how delightful his visit had been, and how sorry he was to go.”

“And nothing else, Margaret?”

“Oh yes; he said he was going to Washington.” And the girl was gone from the room.





VI

Margaret hastened to her chamber. Was the air oppressive? She opened the window and sat down by it. A soft south wind was blowing, eating away the remaining patches of snow; the sky was full of fleecy clouds. Where do these days come from in January? Why should nature be in a melting mood? Margaret instinctively would have preferred a wild storm, violence, anything but this elemental languor. Her emotion was incredible to herself.

It was only an incident. It had all happened in a moment, and it was over. But it was the first of the kind in a woman's life. The thrilling, mysterious word had been dropped into a woman's heart. Hereafter she would be changed. She never again would be as she was before. Would her heart be hardened or softened by the experience? She did not love him; that was clear. She had done right; that was clear. But he had said he loved her. Unwittingly she was following him in her thought. She had rejected plain John Lyon, amiable, intelligent, unselfish, kindly, deferential. She had rejected also the Earl of Chisholm, a conspicuous position, an honorable family, luxury, a great opportunity in life. It came to the girl in a flash. She moved nervously in her chair. She put down the thought as unworthy of her. But she had entertained it for a moment. In that second, ambition had entered the girl's soul. She had a glimpse of her own nature that seemed new to her. Was this, then, the meaning of her restlessness, of her charitable activities, of her unconfessed dreams of some career? Ambition had entered her soul in a definite form. She expelled it. It would come again in some form or other. She was indignant at herself as she thought of it. How odd it was! Her privacy had been invaded. The even tenor of her life had been broken. Henceforth would she be less or more sensitive to the suggestion of love, to the allurements of ambition? Margaret tried, in accordance with her nature, to be sincere with herself.

After all, what nonsense it was! Nothing really had happened. A stranger of a few weeks before had declared himself. She did not love him; he was no more to her than any other man. It was a common occurrence. Her judgment accorded with her feeling in what she had done. How was she to know that she had made a mistake, if mistake it was? How was she to know that this hour was a crisis in her life? Surely the little tumult would pass; surely the little whisper of worldliness could not disturb her ideals. But all the power of exclusion in her mind could not exclude the returning thought of what might have been if she had loved him. Alas! in that moment was born in her heart something that would make the idea of love less simple than it had been in her mind. She was heart-free, but her nature was too deep not to be profoundly affected by this experience.

Looking back upon this afternoon in the light of after-years, she probably could not feel—no one could say—that she had done wrong. How was she to tell? Why is it that to do the right thing is often to make the mistake of a life? Nothing could have been nobler than for Margaret indignantly to put aside a temptation that her heart told her was unworthy. And yet if she had yielded to it?

I ought to ask pardon, perhaps, for dwelling upon a thing so slight as the entrance of a thought in a woman's life. For as to Margaret, she seemed unchanged. She made no sign that anything unusual had occurred. We only knew that Mr. Lyon went away less cheerful than he usually was, that he said nothing of returning in response to our invitations, and that he seemed to anticipate nothing but the fulfillment of a duty in his visit to Washington.

What had happened was regarded as only an episode. In fact, however, I doubt if there are any episodes in our lives, any asides, that do not permanently affect our entire career. Are not the episodes, the casual thoughts, the fortuitous, unplanned meetings, the brief and maybe at the moment unnoted events, those which exercise the most influence on our destiny? To all observation the career of Lyon, and not of Margaret, was most affected by their interview. But often the implanting of an idea in the mind is more potent than the frustration of a plan or the gratification of a desire, so hidden are the causes that make character.

For some time I saw little of Margaret. Affairs in which I was not alone or chiefly concerned took me from home. One of the most curious and interesting places in the world is a Chamber in the business heart of New York—if that scene of struggle and passion can be said to have a heart—situated midway where the currents of eagerness to acquire the money of other people, not to make it, ceaselessly meet and dash against each other. If we could suppose there was a web covering this region, spun by the most alert and busy of men to catch those less alert and more productive, here in this Chamber would sit the ingenious spiders. But the analogy fails, for spiders do not prey upon each other. Scientists say that the human system has two nerve-centres—one in the brain, to which and from which are telegraphed all movements depending upon the will, and another in the small of the back, the centre of the involuntary operations of respiration, digestion, and so on. It may be fanciful to suppose that in the national system Washington is the one nervous centre and New York the other. And yet it does sometimes seem that the nerves and ganglions in the small of the back in the commercial metropolis act automatically and without any visible intervention of intelligence. For all that, their operations may be as essential as the other, in which the will-power sometimes gets into a deadlock, and sometimes telegraphs the most eccentric and incomprehensible orders. Puzzled by these contradictions, some philosophers have said that there may be somewhere outside of these two material centres another power that keeps affairs moving along with some steadiness.

This noble Chamber has a large irregular area of floor space, is very high, and has running round three sides a narrow elevated gallery, from which spectators can look down upon the throng below. Upon a raised dais at one side sits the presiding genius of the place, who rules very much as Jupiter was supposed to govern the earthly swarms, by letting things run and occasionally launching a thunderbolt. High up on one side, in an Olympian seclusion, away from the noise and the strife, sits a Board, calm as fate, and panoplied in the responsibility of chance, whose function seems to be that of switch-shifters in their windowed cubby at a network of railway intersections—to prevent collisions.

At both ends of the floor and along one side are narrow railed-off spaces full of clerks figuring at desks, of telegraph operators clicking their machines, of messenger-boys arriving and departing in haste, of unprivileged operators nervously watching the scene and waiting the chance of a word with some one on the floor; through noiseless swinging doors men are entering and departing every moment—men in a hurry, men with anxious faces, conscious that the fate of the country is in their hands. On the floor itself are five hundred, perhaps a thousand, men, gathered for the most part in small groups about little stands upon the summit of which is a rallying legend, talking, laughing, screaming, good-natured, indifferent, excited, running hither and thither in response to changing figures in the checker-board squares on the great wall opposite—calm, cynical one moment, the next violently agitated, shouting, gesticulating, rushing together, shaking their fists in a tumult of passion which presently subsides.

The swarms ebb and flow about these little stands—bees, not bringing any honey, but attracted to the hive where it is rumored most honey is to be had. By habit some always stand or sit about a particular hive, waiting for the show of comb. By-and-by there is a stir; the crowd thickens; one beardless youth shouts out the figure “one-half”; another howls, “three-eighths.” The first one nods. It is done. The electric wire running up the stand quivers and takes the figure, passes it to all the other wires, transmits it to every office and hotel in the city, to all the “tickers” in ten thousand chambers and “bucketshops” and offices in the republic. Suddenly on the bulletin-boards in New Orleans, Chicago, San Francisco, Podunk, Liverpool, appear the mysterious “three-eighths,” electrifying the watchers of these boards, who begin to jabber and gesticulate and “transact business.” It is wonderful.

What induced the beardless young man to make this “investment” in “three-eighths”—who can tell? Perhaps he had heard, as he came into the room, that the Secretary of the Treasury was going to make a call of Fives; perhaps he had heard that Bismarck had said that the French blood was too thin and needed a little more iron; perhaps he had heard that a norther in Texas had killed a herd of cattle, or that two grasshoppers had been seen in the neighborhood of Fargo, or that Jay Hawker had been observed that morning hurrying to his brokers with a scowl on his face and his hat pulled over his eyes. The young man sold what he did not have, and the other young man bought what he will never get.

This is business of the higher and almost immaterial sort, and has an element of faith in it, and, as one may say, belief in the unseen, whence it is characterized by an expression—“dealing in futures.” It is not gambling, for there are no “chips” used, and there is no roulette-table in sight, and there are no piles of money or piles of anything else. It is not a lottery, for there is no wheel at which impartial men preside to insure honest drawings, and there are no predestined blanks and prizes, and the man who buys and the man who sells can do something, either in the newspapers or elsewhere, to affect the worth of the investment, whereas in a lottery everything depends upon the turn of the blind wheel. It is not necessary, however, to attempt a defense of the Chamber. It is one of the recognized ways of becoming important and powerful in this world. The privilege of the floor—a seat, as it is called—in this temple of the god Chance to be Rich is worth more than a seat in the Cabinet. It is not only true that a fortune may be made here in a day or lost here in a day, but that a nod and a wink here enable people all over the land to ruin others or ruin themselves with celerity. The relation of the Chamber to the business of the country is therefore evident. If an earthquake should suddenly sink this temple and all its votaries into the bowels of the earth, with all its nervousness and all its electricity, it is appalling to think what would become of the business of the country.

Not far from this vast Chamber, where great financial operations are conducted on the highest principles of honor, and with the strictest regard to the Marquis of Dusenbury's rules, there is another less pretentious Chamber, known as “open,” a sort of overflow meeting. Those who have not quite left hope behind can go in here. Here are the tickers communicating with the Chamber, tended by lads, who transfer the figures to big blackboards on the wall. In front of these boards sit, from morning to night, rows, perhaps relays, of men intently or listlessly watching the figures. Many of them, who seldom make a sign, come here from habit; they have nowhere else to go. Some of them were once lords in the great Chamber, who have been, as the phrase is, “cleaned out.” There is a gray-bearded veteran in seedy clothes, with sunken fiery eyes, who was once many times a millionaire, was a power in the Board, followed by reporters, had a palace in the Avenue, and drove to his office with coachman and footman in livery, and his wife headed the list of charities. Now he spends his old age watching this blackboard, and considers it a good day that brings him five dollars and his car-fare. At one end of the low-ceiled apartment are busy clerks behind a counter, alert and cheerful. If one should go through a side door and down a passage he might encounter the smell of rum. Smart young men, clad in the choicest raiment from the misfit counters, with greed stamped on their astute faces, bustle about, watch the blackboards, and make investments with each other. Middle-aged men in slouch hats lounge around with hungry eyes. The place is feverish rather than exciting. A tall fellow, whose gait and clothes proclaim him English, with a hard face and lack-lustre eyes, saunters about; his friends at home suppose he is making his fortune in America. A dapper young gentleman, quite in the mode, and with the quick air of prosperity, rapidly enters the room and confers with a clerk at the counter. He has the run of the Chamber, and is from the great house of Flamm and Slamm. Perhaps he is taking a “flier” on his own account, perhaps he represents his house in a side transaction; there are so many ways open to enterprising young men in the city; at any rate, his entrance is regarded as significant: This is not a hospital for the broken down and “cleaned out” of the Chamber, but it is a place of business, which is created and fed by the incessant “ticker.” How men existed or did any business at all before the advent of the “ticker” is a wonder.

But the Chamber, the creator of low-pressure and high-pressure, the inspirer of the “ticker,” is the great generator of business. Here I found Henderson in the morning hour, and he came up to me on the call of a messenger. He approached, nonchalant and smiling as usual. “Do you see that man,” he said, as we stood a moment looking down, “sitting there on a side bench—big body, small head, hair grayish, long beard parted—apparently taking no interest in anything?

“That's Flink, who made the corner in O. B.—one of the longest-headed operators in the Chamber. He is about the only man who dare try a hold with Jay Hawker. And for some reason or another, though they have apparent tussles, Hawker rather favors him. Five years ago he could just raise money enough to get into the Chamber. Now he is reckoned at anywhere from five to ten millions. I was at his home the other night. Everybody was there. I had a queer feeling, in all the magnificence, that the sheriff might be in there in ten days. Yet he may own a good slice of the island in ten years. His wife, whom I complimented, and who thanked me for coming, said she had invited none but the reshershy.”

“He looks like a rascal,” I ventured to remark.

“Oh, that is not a word used in the Chamber. He is called a 'daisy.' I was put into his pew in church the other Sunday, and the preacher described him and his methods so exactly that I didn't dare look at him. When we came out he whispered, 'That was rather hard on Slack; he must have felt it.' These men rather like that sort of preaching.”

“I don't come here often,” Henderson resumed, as we walked away. “The market is flat today. There promised to be a little flurry in L. and P., and I looked in for a customer.”

We walked to his down-town club to lunch. Everybody, I noticed, seemed to know Henderson, and his presence was hailed with a cordial smile, a good-humored nod, or a hearty grasp of the hand. I never knew a more prepossessing man; his bonhomie was infectious. Though his demeanor was perfectly quiet and modest, he carried the air of good-fellowship. He was entirely frank, cordial, and had that sort of sincerity which one can afford to have who does not take life too seriously. Tall—at least six feet-with a well-shaped head set on square shoulders, brown hair inclined to curl, large blue eyes which could be merry or exceedingly grave, I thought him a picture of manly beauty. Good-natured, clever, prosperous, and not yet thirty. What a dower!

After we had disposed of our little matter of business, which I confess was not exactly satisfactory to me, although when I was told that “the first bondholders will be obliged to come in,” he added that “of course we shall take care of our friends,” we went to his bachelor quarters uptown. “I want you to see,” he said, “how a hermit lives.”

The apartments were not my idea of a hermitage—except in the city. A charming library, spacious, but so full as to be cozy, with an open fire; chamber, dressing-room, and bathroom connecting, furnished with everything that a luxurious habit could suggest and good taste would not refuse, made a retreat that could almost reconcile a sinner to solitude. There were a few good paintings, many rare engravings, on the walls, a notable absence, even in the sleeping-room, of photographs of actresses and professional beauties, but here and there souvenirs of travel and evidences that the gentler sex had contributed the skill of their slender fingers to the cheerfulness of the bachelor's home. Scattered about were the daily and monthly products of the press, the newest sensations, the things talked about at dinners, but the walls for the most part were lined with books that are recognized as the proper possessions of the lover of books, and most of them in exquisite bindings. Less care, I thought, had been given in the collection to “sets” of “standards” than to those that are rare, or for some reason, either from distinguished ownership or autograph notes, have a peculiar value.

In this atmosphere, when we were prepared to take our ease, the talk was no longer of stocks, or railways, or schemes, but of books. Whether or not Henderson loved literature I did not then make up my mind, but he had a passion for books, especially for rare and first editions; and the delight with which he exhibited his library, the manner in which he handled the books that he took down one after the other, the sparkle in his eyes over a “find” or a bargain, gave me a side of his character quite different from that I should have gained by seeing him “in the street” only. He had that genuine respect and affection for a “book” which has become almost traditional in these days of cheap and flimsy publications, a taste held by scholars and collectors, and quite beyond the popular comprehension. The respect for a book is essential to the dignity and consideration of the place of literature in the world, and when books are treated with no more regard than the newspaper, it is a sign that literature is losing its power. Even the collector, who may read little and care more for the externals than for the soul of his favorites, by the honor he pays them, by the solicitude he expends upon their preservation without spot, by the lavishness of expense upon binding, contributes much to the dignity of that art which preserves for the race the continuity of its thought and development. If Henderson loved books merely as a collector whose taste for luxury and expense takes this direction, his indulgence could not but have a certain refining influence. I could not see that he cultivated any decided specialty, but he had many rare copies which had cost fabulous prices, the possession of which gives a reputation to any owner. “My shelves of Americana,” he said, “are nothing like Goodloe's, who has a lot of scarce things that I am hoping to get hold of some day. But there's a little thing” (it was a small coffee-colored tract of six leaves, upon which the binder of the city had exercised his utmost skill) “which Goodloe offered me five hundred dollars for the other day. I picked it up in a New Hampshire garret.” Not the least interesting part of the collection was first editions of American authors—a person's value to a collector is often in proportion to his obscurity—and what most delighted him among them were certain thin volumes of poetry, which the authors since becoming famous had gone to a good deal of time and expense to suppress. The world seems to experience a lively pleasure in holding a man to his early follies. There were many examples of superb binding, especially of exquisite tooling on hog-skin covers—the appreciation of which has lately greatly revived. The recent rage for bindings has been a sore trouble to students and collectors in special lines, raising the prices of books far beyond their intrinsic value. I had a charming afternoon in Henderson's library, an enjoyment not much lessened at the time by experiencing in it, with him, rather a sense of luxury than of learning. It is true, one might pass an hour altogether different in the garret of a student, and come away with quite other impressions of the pageant of life.

At five o'clock his stylish trap was sent around from the boarding stable, and we drove in the Park till twilight. Henderson handling the reins, and making a part of that daily display which is too heterogeneous to have distinction, reverted quite naturally to the tone of worldliness and tolerant cynicism which had characterized his conversation in the morning. If the Park and the moving assemblage had not the air of distinction, it had that of expense, which is quite as attractive to many. Here, as downtown, my companion seemed to know and be known by everybody, returning the familiar salutes of brokers and club men, receiving gracious bows from stout matrons, smiles and nods from pretty women, and more formal recognition from stately and stiff elderly men, who sat bolt-upright beside their wives and tried to look like millionaires. For every passerby Henderson had a quick word of characterization sufficiently amusing, and about many a story which illuminated the social life of the day. It was wonderful how many of this chance company had little “histories”—comic, tragic, pitiful, interesting enough for the pages of a novel.

“There is a young lady”—Henderson touched his hat, and I caught a glimpse of golden hair and a flash of dark eyes out of a mass of furs—“who has no history: the world is all before her.”

“Who is that?”

“The daughter of old Eschelle—Carmen Eschelle—the banker and politician, you remember; had a diplomatic position abroad, and the girl was educated in Europe. She is very clever. She and her mother have more money than they ought to know what to do with.”

“That was the celebrated Jay Hawker” ( a moment after), “in the modest coupe—not much display about him.”

“Is he recognized by respectable people?”

“Recognized?” Henderson laughed. “He's a power. There are plenty of people who live by trying to guess what he is going to do. Hawker isn't such a bad fellow. Other people have used the means he used to get rich and haven't succeeded. They are not held up to point a moral. The trouble is that Hawker succeeded. Of course, it's a game. He plays as fair as anybody.”

“Yes,” Henderson resumed, walking his horses in sight of the obelisk, which suggested the long continuance of the human race, “it is the same old game, and it is very interesting to those who are in it. Outsiders think it is all greed. In the Chamber it is a good deal the love of the game, to watch each other, to find out a man's plans, to circumvent him, to thwart him, to start a scheme and manipulate it, to catch somebody, to escape somebody; it is a perpetual excitement.”

“The machine in the Chamber appears to run very smoothly,” I said. “Oh, that is a public register and indicator. The system back of it is comprehensive, and appears to be complicated, but it is really very simple. Spend an hour some day in the office of Flamm and Slamm, and you will see a part of the system. There are, always a number of men watching the blackboard, figures on which are changed every minute by the attendants. Telegrams are constantly arriving from every part of the Union, from all over the continent, from all the centres in Europe, which are read by some one connected with the firm, and then displayed for the guidance of the watchers of the blackboard. Upon this news one or another says, 'I think I'll buy,' or 'I think I'll sell,' so and so. His order is transmitted instantly to the Chamber. In two minutes the result comes back and appears upon the blackboard.”

“But where does the news come from?”

“From the men whose special business it is to pick it up or make it. They are inside of politics, of the railways, of the weather bureau, everywhere. The other day in Chicago I sat some time in a broker's office with others watching the market, and dropped into conversation with a bright young fellow, at whose right hand, across the rail, was a telegraph operator at the end of a private wire. Soon a man came in quietly, and whispered in the ear of my neighbor and went out. The young fellow instantly wrote a despatch and handed it to the operator, and turning to me, said, 'Now watch the blackboard.'

“In an incredibly short space of time a fall in a leading railway showed on the blackboard. 'What was it?' I asked. 'Why, that man was the general freight manager of the A. B. road. He told me that they were to cut rates. I sent it to New York by a private wire.' I learned by further conversation that my young gentleman was a Manufacturer of News, and that such was his address and intelligence that though he was not a member of the broker's firm, he made ten thousand a year in the business. Soon another man came in, whispered his news, and went away. Another despatch—another responsive change in the figures. 'That,' explained my companion, 'was a man connected with the weather bureau. He told me that there would be a heavy frost tonight in the Northwest.'”

“Do they sell the weather?” I asked, very much amused.

“Yes, twice; once over a private wire, and then to the public, after the value of it has been squeezed out, in the shape of predictions. Oh, the weather bureau is worth all the money it costs, for business purposes. It is a great auxiliary.”

Dining that evening with Henderson at his club, I had further opportunity to study a representative man. He was of a good New Hampshire family, exceedingly respectable without being distinguished. Over the chimney-place in the old farmhouse hung a rusty Queen Anne that had been at the taking of Louisburg. His grandfather shouldered a musket at Bunker Hill; his father, the youngest son, had been a judge as well as a farmer, and noted for his shrewdness and reticence. Rodney, inheriting the thrift of his ancestors, had pushed out from his home, adapting this thrift to the modern methods of turning it to account. He had brought also to the city the stamina of three generations of plain living—a splendid capital, by which the city is constantly reinforced, and which one generation does not exhaust, except by the aid of extreme dissipation. With sound health, good ability, and fair education, he had the cheerful temperament which makes friends, and does not allow their misfortunes to injure his career. Generous by impulse, he would rather do a favor than not, and yet he would be likely to let nothing interfere with any object he had in view for himself. Inheriting a conventional respect for religion and morality, he was not so bigoted as to rebuke the gayety of a convivial company, nor so intractable as to make him an uncomfortable associate in any scheme, according to the modern notions of business, that promised profit. His engaging manner made him popular, and his good-natured adroitness made him successful. If his early experience of life caused him to be cynical, he was not bitterly so; his cynicism was of the tolerant sort that does not condemn the world and withdraw from it, but courts it and makes the most of it, lowering his private opinion of men in proportion as he is successful in the game he plays with them. At this period I could see that he had determined to be successful, and that he had not determined to be unscrupulous. He would only drift with the tide that made for fortune. He enjoyed the world—a sufficient reason why the world should like him. His business morality was gauged by what other people do in similar circumstances. In short, he was a product of the period since the civil war closed, that great upheaval of patriotic feeling and sacrifice, which ended in so much expansion and so many opportunities. If he had remained in New Hampshire he would probably have been a successful politician, successful not only in keeping in place, but in teaching younger aspirants that serving the country is a very good way to the attainment of luxury and the consideration that money brings. But having chosen the law as a stepping-stone to the lobby, to speculation, and the manipulation of chances, he had a poor opinion of politics and of politicians. His success thus far, though considerable, had not been sufficient to create for him powerful enemies, so that he may be said to be admired by all and feared by none. In the general opinion he was a downright good fellow and amazingly clever.