nd both parties were to draw two-thirds of this sum
weekly. At the end of the year, the profits on labor and capital were to
be evenly divided; one half apportioned to the capital, the other half
divided _pro rata_; but only half of this sum to be drawn out yearly,
the other turned over to the capital stock, and placed to each man's
credit. If any operative should become dissatisfied, and leave, his
share of the profits was to be forfeited to a fund for sick or disabled
workmen. Any member of the association guilty of misconduct was to be
twice reprimanded, and for a third offence expelled. A standing
committee of the workmen, with one chairman, was to investigate and
settle such matters. Shares of capital as low as fifty dollars would be
within reach of the workmen. A clause was inserted, that no ale, beer,
or spirituous liquors were to be brought into the mill during working
hours. It had been one of the old-time rules, but often transgressed.
Each man was to use his best endeavors to promote the interests of the
firm.

At the end of five years, the agreement was to cease, and the profits to
be divided.

Then the five-years' lease of Hope Mills and all its appurtenances was
made out to "Hope Mills Co-operative Association," and duly signed. The
rental was to be six hundred and sixty dollars per annum, the company to
pay the taxes, and keep the mills in ordinary repair.

Then the managers and a number of the workmen marched over to Hope Mills
in a body, opened the doors and barred shutters, and entered with an
exultant step. They were to try their hand at good-fellowship in labor,
and see if it would solve the vexations of the old system, or prove any
stronger bond. Maverick had spread a little feast in what had been
Eastman's office; and they sat down together, the ladies, joined by
Sylvie Barry, Mrs. Darcy, and Miss Morgan, taking the head of the table.
Some speeches were made, and some toasts drank, and everybody wished
success to Hope Mills. Had John Hope unconsciously foretold their future
when he christened them for his own glory? Darcy thought so. The name
had a higher significance now, and was to be the earnest of many souls,
the watchword to inspire them.

Miss McLeod bade them a hearty farewell. "There may arise some
emergency, Mr. Darcy," said she, "when indorsing a note, or a similar
matter, will be of great importance to you. I shall not promise to do
much of it; but I am strongly interested in this ex