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nd pitched them down in the cubicle. Then he went into the cubicle, and with the negligent gesture of long habit unlocked a part of the desk, the part which had once been his father's privacy, and of which he had demanded the key more than a year ago. It was all now under his absolute dominion. He could do exactly as he pleased with a commercial apparatus that brought in some eight hundred pounds a year net. He was the unquestioned regent, and yet he told himself that he was no happier than when a slave. He drew forth his books of account, and began to piece figures together on backs of envelopes, using a shorthand of accounts such as a principal will use when he is impatient and not particular to a few pounds. A little wasp of curiosity was teasing Edwin, and to quicken it a comparison was necessary between the result of the first six months of that year and the first six months of the previous year. True, June had not quite expired, but most of the quarterly accounts were ready, and he could form a trustworthy estimate. Was he, with his scorn of his father, his brains, his orderliness, doing better or worse than his father in the business? At the election of 1886, there had been considerably fewer orders than was customary at elections; he had done nothing whatever for the Tories, but that was a point that affected neither period of six months. Sundry customers had assuredly been lost; on the other hand, Stifford's travelling had seemed to be very satisfactory. Nor could it be argued that money had been dropped on the new-book business, because he had not yet inaugurated the new-book business, preferring to wait; he was afraid that his father might after all astoundingly walk in one day, and see new books on the counter, and rage. He had stopped the supplying of newspapers, and would deign to nothing lower than a sixpenny magazine; but the profit on newspapers was negligible. The totals ought surely to compare in a manner favourable to himself, for he had been extremely and unremittingly conscientious. Nevertheless he was afraid. He was afraid because he knew, vaguely and still deeply, that he could neither buy nor sell as well as his father. It was not a question of brains; it was a question of individuality. A sense of honour, of fairness, a temperamental generosity, a hatred of meanness, often prevented him from pushing a bargain to the limit. He could not bring himself to haggle desperately. An
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