w we “onl WORDS OF There are days of do upest sorrow In the senson of our lite, There ire wild despairiog momants, There are hours of mental strife, There are hours of stony anguish, When the tears refuse to fall; But the waiting time, my brother, Is the hardest time of all, Youth and love are oft impatient, Seeking things beyond their reach, And the heart grows sick with hoping lire 1t learus what life can teach, For, befare the fruit be gathered, We must see the blossoms fall, Aud the waiting time, my hrother, 1s the hardest time of all. Wa can bear the heat of coutliot, Though the sudden, crushing blow, Beating back our gathered forces, For a moment lays us low, We may 1ise again beneath it, None the weaker for our tall; But the waiting time, my brother, Is the hardest time of all, last, we learn the lesson, That God knoweth what is best, And a silent resignation Makes the spirit calm and blest; For, perchance, a day is.coming For the « hanges of onr fate, When our hearts will thank hiv Then he taught us how to wait, RS TREE. Yet, at meekly THE OLD, OLD STORY. kuew. Poor and proud this Kathleen Langley: but the adopted child of aj very wealthy aunt, she bad never felt | the chilly blasts of poverty; probably | ! i I i She was the proudest women I ever | | | never would, since now she was the betrothed of Arthur Fanshawe, and his | good for a million i intimate friend companion evel since our | to me there had never been a friend. Dut I could | wetting sin— | {| been Kathleen's Hosen tl iVS, «and dear ny eves to her Lt vain 1 argued with her, lec- | - on its evils, She had always | tiently, bul with a sarcastic i Lirown eyes, and when I | head on face mis- | { id she would lay her d smile up into m she would say; | the sole hen it wreck all | id Mentor!” ise, Pride was we, and, though ness, I cannot conquer it.” i came my side and | ite finger encircled by a In answer to my | she to rine ring. f inquiry she said slowly, t is Arthur Fanshawe's ring, dear; « promised to be his wife.” thur Fanshawe, the man of | the world; a cynic, asceptic, everything bard and unnatural. To throw awey vouth, beauty and purity upon Arthur Fanshawe! It was a cruel thing. “Oh, Kathie!” I cried, *‘tell me it is | not true. You do not love him—I know it. Why, then, why do you make this | sacrifice?” Her red lip curled scornufully. “There area mililon reasons,’ inswered, bitterly. Then she went away, and when I saw her again she was in the midst of a gay lovely in her glittering ball «3 *and Arthur Fanshawe was at her hard, cold eyes lighted with rosty gleams of a selfish love, his nent to the fair New York belle ly announced. ew then that the mateh had been Aunt Langley’s making; that her won for her beautiful niece had at attained the height of a wealthy age, and that to induce Kathleen submit she had contrived to "make And Kath- feeling herself a burden on her | bounty, grew “*Weary of eating Aud fii ad nel she another's bread. toiling up and down another’s stairs,’ Her pride had carried her through, and she had consented to the sacrifice. Soon after Mrs. Langley projected a trip to Florida, and begged me to ac- company her and Kathleen; Mr. Fan. shawe, of course was to follow. We arrived at our destination, a ro- mantic little town in the last stages of dilapidation.} We settled ourselves in a long, ramb- ling cottage near the loveliest lake in the world, and enjoyed the semi-tropi- cal climate to our heart’s content. We had not been there three days when Kathleen appeared, one morning, in the room where 1 was sitting with her aunt over our fancy work, looking charmingly in a short costume, with wide sun hat and gauntiet gloves, “I'm going to learn to row, auntie, if you have no great objection,” she began gayly. “Who in the world is going to teach you?” Kathleen glanced through the long French window to the shore, but a few rods away where a tiny boat lay moor- ed, and a masculine figure lounged back among the cushions, lazily puffing a good cigar. “Oh, I don’t know his name,” she laughed, scornfully. “One of the abo- rigines here. I have engaged his servi- ces at so much a hour, and for the rest, as Mr. Toots would say, it is of no consequence, auntie,’ “I trust Mr. Fanshawe approves,” began her aunt. “I am not Mr {Fanshawe’s property as yet,’ suggested Kathleen; andbefore another remark couid be proffered she was out of the house, down the path, and and off in the direction of the lake shore, The boating lessons seemed to take up a great deal of her time and atten tion after that; but I never chanced to get a nearer view of her teacher, and, judging him by others of the native mhbabitants whom I had met, I felt very little interest in the unknown, “Come, ladies,” said Mr, Fanshawe, one day, ‘let us go out on the lake; 1 have a boat engaged, and wailing your service, We did not require a second invita- tion, and soon we gathered on the beach, where the lake spread out before us its broad, unrufiied bosom, its green, 00! lily-pads, and over all the blue, cioudless sky of a Florida midwinter, with the sun, like a great, untwinkling eye, staring lazily down upon us, “Miss Langley,” sald a voice near us —a low’ rich, sweet voice, like liquid music—'*1 beg your pardon for intrud- ing, but thut boat is nosafe. She has been for some time out of repair, 1 fear vou will meet with some accident if you go out in her.” A young man stood at Kathleen's side, a tall, slender man, with a face like a picture, with great, slumberous dark eyes, and a nameless grace and fascination about him. But his dress was coarse and common, and his hands were embrowned with teil. With that wonderful face and figure, hike some rare old statue, he was only a fisherman, after all! Kathleen's face was flushed, and she glanced up timidly. But before she could say a word Mr, Fanshawe turned upon the intruder with a eool stare of Insolence, “What do you mean?’ he demanded. “How dare you interfere in my affairs, sir?" The young man raised his hat with a graceful bow, ‘My name is Sanford,” he sald quietly, ‘Ray Sanford. 1 live a mile above the beach. Iam accustomed to the lake: I spend half my time upon it. I know all the boats; the one you have chosen is unsafe, If you go out in her, you will certainly be drowned.” He put on his hat, and walked away without another word, He was proud, too; it was easy to see that. [ glanced at Kathleen. She did not see me; her eyes were bent upon the graceful figure in its coarse dress mov- ing down the shining sands, I saw her clench her hands and set her teeth together, then her gaze en- countered mine, and slightly, she forced a smile. “Are you ready, ladies?’ Mr. Fanshawe's voice } ts boo DroxKke ue boat?’ as **Are you going in the ked Kathleen, “To be sure. I am not foolish enough pay any heed to the croakings of I'll teach him that I, too, understand managing a boat, if I do not spend half my time on the Jake.” “You are careless in your epithets, Mr. Fanshawe.” observed Kathleen, frigidly; ‘mistaken, likewise, Mr. Sanford is a gentleman.’ “You have the honor of his acquaint- it seems?’ Kathleen's eyes flashed, bu she con- io “}e taught me to row,’ she answer- But shies said enough to set me to Well, we yielded to the ruling pow- It was a’perfect day, and full of iife “The boat is filling with water! 1do It was too true! The boat leaked at soon we should be beyond the reach of human aid. I shall never forget that hour as long as I live. Fanshawe, livid with fear, crouched in the bow of the boat and uttered never a word. Mrs. Langley wrung her hands and alternately shriek- ed and moaned-—now praying, and now her voice drowned in a storm of and tears. Kathleen sat like a statue of stone, her hands folded, her eyes bent on a spol far away. On we drifted. The filling; it was more than half full, I crept up to Kathleen and put my arms around her, “Kathie, Kathie,” I cried, die! Is it not dreadful?” “There fates on earth.” pale lips scarcely seeming to move, and still her brown eyes watched that tiny speck as it grew large: a man in a boat-—a man bending all his energies to meet us, A strange smile touched Kathleen's lips, “‘Ray,’’ she muttered, as though she had forgotten our presence, “Ray, I knew you would come to us in our dis- tress.” It was indeed Ray Sanford, and he was rowing with the strength of a giant and the energy of a man determined to win or die. He reached us at last not a second too soon. I aroused Mrs, Langley from a fit of incoherent sobbing and ejacula- ting, and pointing to our rescurer. Ie stood up in his boat, and had Kathleen in his arms in an instant. Then he turned to Mrs, Langley and me. Fan- shawe followed us, and soon we were all safe in his boat—saved from a dread- ful death. Not a word was spoken during the long run home. Kathleen never looked at Ray; she seemed unconscious of his presence, When we reached the shore, she dropped from the boat unassisted, as though she did not see the young man’s proffered arm. Fanshawe, safe on shore, was himself again. Turning to Sanford, he took a banknote from his pocket and tendered it to the young man, “Jere,” said he, in a cold, insulting tone, ‘‘you’ve helped us out of a scrape; allow me to—"' Ray Sanford SOLS boat bg we must Aare worse But he never finished, struck the money from his hand, and then without a word, strode off down the shining beach. After that we saw him no more. The time for our departure for home drew nigh. Kathleen had grown pale and thin during these days. Her ¢ were uns naturally bright, and her cheeks wore a hectic flush; there was something wrong about Kathleen. It was the evening before our intend. ed departure, and we two walked alone on the beach, The sun was setting, dropping slowly down ils golden ladder into fleecy cloud banks of scarlet and amber; up and down we paced, neither of us speaking So the sun set and the twilight gathered. Suddenly the form of 8 man rose be- fore us in the gray twilight, He came Jhraigut up to Kathleen, ana held out both his hands, She laid both her own within them, There was a sweet smile on her lips; her eyes were luminous, “Is it good-by?"’ she said softly. ol yuo, fercely. “Tell me, Kat . true, are you going to marry that man—that Fanshawe? A sneering laugh fell upon our ears; Fanshawe stood beside us. **A pretty scene!’ he sneered. “A flirtation between my betrothed wife and a common fisherman!’ With a face like marble and eyes like flashing diamonds Kathleen slipped her engagement ring from her finger and laid it in Arthur Fanshawe's hand, say. ing coldly, “I have worn it too long, Mr. Fan. shawe,” Ere Fanshawe could recover from his amazement, Ray Sanford spoke,— “And who told you, Mr, Fanshawe, that I was but a common fisherman? Not that [ attach any ignominy to the vocation, which has been followed by some of the noblest and grandest heroes of earth; but unfortunately, I have no claim to the title, I am merely pass- ing a few months on the Florida coast, roughing it that I might regain the health and strength which had unac- countably deserted me. I leave soon for my home in the North. You have heard of Hugh Sanford, of Boston?" “A merchant prince!” ejaculated Fanshawe, beginning to move away, ‘“He is my father,” said Ray Sanford, cooly: and bending over Kathleen, who stood clinging to me, he continued, while Fanshawe slunk on through the evening shadows, ‘‘Kathleen, say you forgive me my unintentional deception. I had known you a week or more before I realized the full extent of my guilt, Forgive me, for I love you so!” Her head was on his shoulder, his arm around her. They bad forgotten all about me, and I went howe alone, An bour later Kathleen came to my side, her eyes shining like stars “You'll be my bridesmaid, she whispered, kissing me with tears in ber eyes, “*1'm the happiest little wo- man alive! And the bestof itis 1 loved him just as well when I thought a poor fisherman as I do now that I know he is of a wealthy and aristocratic family, 1 tell you dear (another kiss), pride is a very good thing in its place, true love is always and ever the best, dear,” but Visits of the Dead to the Living. When Marshal Bazaine, in 18635, as- sumed command of the Freneh army in Mexico, he found a want of discipline and order among his troops, Marauders had been allowed to wander about with impunity, the Mexican villages, friendly or hostile, were plun- dered by the French soldiers. The Mar- shal resolved to stop these excesses with a strong hand, and an order was issued that any soldier discovered in the actof pillaging should, at the end of the march, he brought before a « war, and, if found guilty penalty of death. A few days afterwards, a corporal of a battalion of Chasseurs, commanded by Prince Nadoleon Charles Bonaparte head of the Italian branch of the family, was arrested by the military police the charge of marauding. At the end of the march, so soon as the camp was pitched, he was tried by a council of war, found guilty, and sentenced to be The and, as it compiele and £1 «11 ¢ yancil of suffer the On shot. sentence was earried ont the spot, dark a ‘ prisoner's bre party to fell dead y grave was iu $m at ai tended the executic man's Prince called to the soldier whose execution and burial he had just witnessed walked is tent, still wearing his uniform and with the lantern on his breast. “My com- mandant,’” said the soldier, ‘“*my family lives at Marseilles, in the Rue——-r; be so good as to inform them of my fate,” The Prince, suspecting some trick rushed at the man with the intention of seizing him, The corporal, however, was too quick, He ran out of the tent and fled closely followed by the Prince, who was guided in the pursuit by the lantern on the man’s breast, The Prince, after a short chase, overtook the fugitive, acd was on the point of seizing him when he (the prisoner tore the lantern off his breast, threw it away, and managed to escape in the darkness, The Prince at once reported the affair to the Marshal, and an order was given that the corporal’s grave should be opened, This was done, and the corpse was found lying in the same stale as when it was buried, but the lantern Was gone, I have only to add that on his return to France the Prince ascertained ;that the address at Marseilles was, in fact, the dwelling place of the prisoner's family. The unfortunate abbe was so affected by the circumstance that he lost his reason, and is, (or was a few years ago) in a maison de sane Prince Charles Bonaparte himself always believed that the affair wasa hoax. i voice oulsi & he ito the Getting Noisy. Gallantry awakens early in the breasts of some Boston boys. A lady in Bos- ton has a class in the Sunday school of one of the leading churches, the mem- bership of which consists of boys who are each about 8 years of age. Like most youngsters they are of too exhub- ant spirits to keep altogether as quiet a8 the demands of the school require and are prone to become restless and noisy at times, Last Sunday one of them was particularly uneasy, when the teacher said, thinking to shame him into quiet: “Now, George, 1 don’t know what T shall do with you if you are so noisy, Iam afraid I shall have to punish you for it, and think the best way to do 80 would be to make you sit in my lap.”” ‘*Ah,’ says the young scapegrace with an arch look, “if you should do that, Miss I think you would find the whole class getting noisy.” Sincerity does not consist in speaking Jou on all occasions, but in doing t when silence would be censurable and inexcusable, To listen kindly is of en an act of 17e and helps as to speak kindly us mue ourselves, MS A Gliding Along the lose, “The touch of cold weather we had a short time ago stirred up the boys,’ said an old skate sharpener of New York as he filed away on a pair of club skates, Hanging over him were skates of all kinds, rusty and with runners covered with dirt. ‘*These have just been brought in,” continued the old man, *to be fixed up for the eoming season. I have been busy with skates for the last few days, and when the ice is formed I shall have more than I can attend to.” ‘‘Is skating as popular as formerly,” was asked, “Certainly it is. There is no out-of- door exercise the popularity of which remains so constant and which is in- dulged in with such evident pleasure, Did you ever hear a young Iman or young woman refuse to go skating if there was nothing to prevent and a fair sheet of ice? 1 fille down and sharpen more skates every winter than 1 did the previous one. In the country the boys try the ice every day, and the winter's sport invariably begins with a ducking for the first adventurer. I suppose the popularity of the sport is due in some degree to the comparatively This makes it a novelty. But it is more due, I think, to the exhilaration and thorough enjoyment to be derived Irom it, In country towns where the ice lasts all winter there is as much skating at the end of the season us at does not become a fancy skater in those looked down In my opinion, skating is md places is upon, leigh rides or coasting. The old man filed away on his skates and told of miles he had skated when a boy and the Kind of skates then need, comparing them with the dollar skates of to-day. the skates themselves have much to increase the love for the the ten- ments in a ne is in the remembrance of old hat the for an hour's skating were Thirty years ago the skater pelied to wear a heavy pair strong, big those days ever shoes, bored preparations of DOOLS wilh thought Lieel, the into by in be carried about in the pocket to do duty in cleaning out the snow or mud that would accumulate in the walk to the rink or . These old skates were marvels i emselves, with their intricacies of were straps at the toes. Straps crossed and recrossed, and finally ended with long tags hanging over whit had be stowed somewhere, and which generally DO pon ps and 1 + heels i : +1 Li i IDES, ¢ n sir: I ’ io in the work under the runners, as doubtless the old skater of a quarter been tested to its fullest strain by the avoirdupois of the skater all on account the There was an style of skate, a nondescript affair, day as pairs very ready to at § ted : which of ends of old which the fond parent of ' . for straps, * tt #41) hi 3 $1 14 » ‘ or t td ULUYE DOYS Lh i nickle-plated clubs, is rings wery $3 can] § Over sel #13 ATOLL WG the the patent Cine occa what pleasu of rockers will de straps was hailed, sionaliy meets such a pair at the present time in the country towns, gh they are antiquated in the city. With the skates of the previous period, when the skater wanted to stop, he simply pressed down hard the heel, and the sharp end of the blade would plow a furrow in the ice, and would cause a sudden stop. With rockers the end curved up, and the skater was com- pelled to use the side movement of the feet by which he comes to aquick stand- still with modern skates. Nine years ago the club skate appeared, and there has been little change in them since their first introduction. Two styles the American club and the Acme came out at the same time, and thei: gale was immense, and their popularity has kept up ever since then. At first, on the former, a Key was necessary to lock the skate on to the foot, but in a short time the lever of the present style was substituted, which. by rever- sing, fastens at once bo'h the heel and foot clamps. Boh styles were the same in principle, and after a short time of trial, were pronounced a great success and immediately their use became uni- versal, The hardest thing to overcome in their adoption was the prevailing idea that a heel strap must be retained, and even now many call for this strap, as they claim to have a feeling of greater security in its use, Experienced skaters all agree that it is unnecessary, Ladies also now use club skates, and many very pretty nickle plates have been manufactured for them during the past year, They are required to have plain heels upon their shoes, how- ever, as no clamp can be made to fasten upon the French heels, with their abominable curves, “The use of club skates by ladies,’ added the old man, who hal been dis- coursing on skates, rubbing down the sides of blades with emery paper, “has been objected to by young men, who now have no excuse for fondly linger- ing over their sweetheart’s dainty shoes as formerly, when it was necessary to fix a strap here and a buckle there, and then to do it all over again because it wasn't tight enough.’ “Do ladies skate us much as in the old days?’’ was asked. “Young man, ladies, young, old and middle-aged, will go skating whenever they can get a man to go with them,” was the reply. *‘If they have to go by themselves they soon give it up, Y ladies like to skate as much as ever a you will find plenty of ‘sister Kates,’ to use the words of the poets, who skate and cut a figure 8, in any State, If Lew style and s although there's only ice, crowds of graceful fe wale us are to be seen pleasant them in their bright! skating eestumes, ghding along the ice and sweeping about in most graceful curves,” The sale of club skates in this country has been very large and the dlewwand for them is still great, Ower 20.060 pairs of oue style alone are generally sold in this city during the season, amd if the tice continues for a long time in good | condition the dewiand is greater. In this city the sale depends adsmeost en- tirely upon the length of tinee there is skating in the park. This, of course, cannot be foreseen, and the large dealer always expects and is ready to carry over one-third of his stoek to the next season. Again, often his skates are exhausted before the season is over. Y ear before lagt a comparatively small number of skates were sold. Last year for a time the sales were brisk, and the prospect of this season is good, dealers say. In the holidays the largest quan- tity of skates ave sold, as a pair is al- ways a standard Christmas present for a boy. One pair of skates ought to last several years if kept in good order, " tian Why He Lert. “Why did yon desert?” asked the re- porter, bluntly. “I have no hesitation in telling yon,” was the reply. “Wo enlist for military service, and besides performing it we are compelled to work as laborers, I | could stand this, though, if it wasn't for | the treatment we receive in other ways, | I will just give you an instance of our | day's rontine duty. We generally rise | about b o'clock and clean up our quar. | ters, Forty minutes are given for | grooming our horses, and then we drill | for an hour and a half, When break- | fast is over some go on guard, while i others do fstigne work. This consists | of cleaning officers’ quarters, chopping | wood for officers, hauling coal for ofli- {cers and ourselyes, working in the | ditches, and building roads or plowing fields,” “Is thus compulsory?” “If we complain the guard house is | the placa for us, acd if we go to the | hospital ten chances to one we are told { that nothing is the matter with us, { and we are sent away without explana- tion.” “Don't you get some rest from your labors?" “Only the favored ones are allowed leave the fort, 1 have been repeat- | edly refused permussion to go sway, | while others had almost as much liberty as the officers.” “*We are made to do regular servants’ { work in the kitchen,” continued the sol- { der, “a burly negro bossing us at his will, Complain, did youn say? If we {do not perform the work just to suit him he'll report us to the officers, who will make us run errands and carry slope,” . “*1s there not too much drinking going i on in the army?” “Weil, a poor fellow can’t help some. | times, but very seldom, when he gets a chanoe, taking a drop too much, But 1 to to the guard house, An officer can in- dulge as much as he pleases, and if he ure of putting him to bed,’ “Do the men ever complain about | their treatment?” “They don’t dare 10 do that, I have | known them to leave the table and feign | illness rather than say anything about bad food. let me give you the of fare for diy: For break- | fast we have what we cali bootleg | poffee and California mystery, There is a standing prize to any man who will discover the substance of which the lat. | ter is made, I have gone through many | hardsuips and had to eat many a hard crust, but I couldn't stomach that dish- water,” “For dinner we get what the cook calls pork and a few potatoes, ana for supper we sometimes get potatoes and alleged pork for a change, The coffee is for the most part water, The cook swoeteus it, but when I drank it I al ways imagined there was no sugar in it. I certainly didn't taste it. “The officers, however, hive like lords on the rations which belong to us, If we open our mouths the prospect of severe punishment stares us in the face, and so the boys believe in the old saying: ‘Of two evils choose the least,” ” i the { bill one sms AAP Proverbs for Lovers. [ove knows hidden paths. Love makes labor light, Love makes time pass away, and time make love pass away. Love me little, love me long. Ami moi un pew, mais continue Love me a little, but keep it up. Love one who does not love you, an- swer one that does not call you, and you wil run a fruitiess race. Love others well, but love thyself the most; give good for good, but not to thine own cost, Love rules his kingdom without a sword. . Love subdues everything except the felon’s heart, Love teaches asses to dance. Love, kavery and necessity make men good orators, Love, thieves and fear make ghosts, Love your friend with his faults, Tove your neighbor, but don’t pull down his fence, Lover's purses are tied with cobwebs. Lover's quarrels are love and re- doubled, Lovers think other have no eyes, Tuene are limes in this little life trade, A time when he feels as happy as a schoolboy on Belday rnc when he 1s throwing his aside, on playing shin o day. Bat no EC lath mood after he haa The Fulsou ¢ of Siiuety sis Biotiins. To those who believe that the prac- tion of Thugeee has been eomovletely put down in India, the story of’ Sharia, whose career of erime has fast termi- nated hy his helug sentenced Wo trans. portation for Dife, will some ns an un- pleasant revelation, Sharfs was the son of sn butcher in a small viljawe in the Punjab, and when yet a hoy He devel. oped a marked tastes not omiy for gambling, but even for eard sliarping. At the age of 18, having qnarreiled with his father he left his native vil- lage and attached humsell to 8 party of horse deaters, He then jomed the Bareilly police, but was shortly after ward sentenced to fitteen months’ im- prisonment for injuring his wife, the daughter of Thakur, whom he had ah. ducted. In the Bareilly jsil he came in contact with Tikka Ram, the head of 2 band of poisoners in the northwest provinces, On their recovering their liberty they resummed operatiovs 0 gether, making their headquarters in the town of Agra. After six years of undetected crime, of which the details have not been revealed, the two fell out, and Sharfu joined the police foree again, only, however, to be dismissed in a few months, It was after this occurremce that he resumod operations as professional p i soner ou his own account. His mode of working was simple. Disguising himself as a well-to-do native of Oade, he used to waylay and enter into con versation with those natives province who happened to be retur y with their savings, Has favorite scene of operation was on the Grand Track road Once he had struck ap a com panionship with these travellers it was an easy matter 10 tag food with them, and Sharfa rarely failed to introduce the opium or dhstura needed to drug his vietims, whom speedily relieved of their savings, Aosl of these uUDWary persons recoverad when pursuit was useless, but many of them died. His operations between the years 1867 and 1872 were particularly numerous and successful; and offizal reports recognized the extent to which Thuggee prevailed in the Junjab during that period. In July, 1881, his secret was revealed by Tikka Kim's wife, wit whom he had been living fox fourteen years; and he had only just sufficient warning to make a hurried retreat into Rajpootana. ‘There he renewed bis ola practices, and placed his services at the disposal of those who had inconvenient relatives to get nd of, and who would pay handsomely for the dangerous work, He long baffled the pursuit of the officials, and it was not until the present year that he was discovered, through the instrumentality of Tikka Ram, undergoing a short term of im. prisonment in Agra Jail under sn as sumed name, Brought up for trial at Loodiana, he admittea Lis guilt in ninety-six cases of murder or drugging, and was sentencad to death, which was afterward modified to transportation for life, Sharfa’s long impunity shows the great difficulty of detecting crime in India, at the same time that it revals the extensive organi zation which criminals have formed, in the Panjab at all events. Much hight has recently been thrown by Dr. Leit. ner on the ¢ which thieves in the Punjab have framed for their own use, and a of nususpec g & he of which Government officials 3 absolutely ignorant, J smn AI A Gambling in Grain. rtel a heavy broker in Chica- “legitimate bt as almost disappeared, and every- J Even the old conservative firms have been obliged to adopt the new order of things.” “Then, this speculative business is on the ness in thus isi id vw i 18s 5 yee 18 dealing in opuons, nerease?”’ “Yes. Houses that used think they had something wondertul when they handled 7,000,000 bushels of wheat in a single day, now regard that as simply an average business.’ “What is the exact mode ol dealing in options?”’ “Well, to to done suppose a case, you heat that corn, either on account of bad weather or an unusually brisk demand, is going to be scarce and consequent); high in price. You therefore bay 1,000 bushels of corn, which is to be delivered in February oi future month month. Now it is not expected that you have the money to pay for it, or that the other has the corn to deliver You simply buy in the hope that corn will go up and that yeu can sell higher fignre, while he hopes that will go down, thus enabling him to buy it at a less price than be has contracted for selling it." “How much do you suppose of the grain that is thus bought and sold is actually transferred?” “About ten bushels in 1,000,000, There cannot be more delivered than is really in existence, aud every day the transactions are for far more than the entire crop.” “1 presume that, like gamblers, the in brokers couldn't get along with- out lambs to fleece?” “If you want to put it that way, yes. All this option business is done through the Board of Trade, which is composed of brokers, ‘They take orders for out. siders and charge a commission. Nearly three-fourths of the business done is for New York buyers and sellers “Wall street?” “Yes, Wall street. The capitalists there get together and arrange to send up the price of wheat, but everything is done through Chicago. Our city is the grain and provision centre, as Jew York is the centre of finance and stocks," “Don’t you find that this gambling in grain, as it is called, has », bad influence en other branches of business?’ “Not at all. It makes trade lively, theugh, I don’t believe today ihat Chicago is half as solid as Cincinnati.” 1d some outala