on's
magnificent tract of land, extolled the sagacity that led him to secure
such a property, and led the talk along to another railroad which would
open a northern communication to this very land.

"Pennybacker says it's full of coal, he's no doubt of it, and a railroad
to strike the Erie would make it a fortune."

"Suppose you take the land and work the thing up, Mr. Bigler; you may
have the tract for three dollars an acre."

"You'd throw it away, then," replied Mr. Bigler, "and I'm not the man to
take advantage of a friend. But if you'll put a mortgage on it for the
northern road, I wouldn't mind taking an interest, if Pennybacker is
willing; but Pennybacker, you know, don't go much on land, he sticks to
the legislature." And Mr. Bigler laughed.

When Mr. Bigler had gone, Ruth asked her father about Philip's connection
with the land scheme.

"There's nothing definite," said Mr. Bolton. "Philip is showing aptitude
for his profession. I hear the best reports of him in New York, though
those sharpers don't 'intend to do anything but use him. I've written
and offered him employment in surveying and examining the land. We want
to know what it is. And if there is anything in it that his enterprise
can dig out, he shall have an interest. I should be glad to give the
young fellow a lift."

All his life Eli Bolton had been giving young fellows a lift, and
shouldering the loses when things turned out unfortunately. His ledger,
take-it-altogether, would not show a balance on the right side; but
perhaps the losses on his books will turn out to be credits in a world
where accounts are kept on a different basis. The left hand of the
ledger will appear the right, looked at from the other side.

Philip, wrote to Ruth rather a comical account of the bursting up of the
city of Napoleon and the navigation improvement scheme, of Harry's flight
and the Colonel's discomfiture. Harry left in such a hurry that he
hadn't even time to bid Miss Laura Hawkins good-bye, but he had no doubt
that Harry would console himself with the next pretty face he saw
--a remark which was thrown in for Ruth's benefit. Col. Sellers had in all
probability, by this time, some other equally brilliant speculation in
his brain.

As to the railroad, Philip had made up his mind that it was merely kept
on foot for speculative purposes in Wall street, and he was about to quit
it. Would Ruth be glad to hear, he wondered, that he was coming East?
F