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hese same Church lands, had for its object the elevation of the Holy See by these very means. The money-markets of France, Belgium, and the Roman States would vie with one another in promoting the loan, and the pontiff would look upon the man who had conceived such a project as the saviour of the pontificate; his name should be written in letters of gold. In Hungary, also, the scheme would be favorably received as a means of saving the church property already threatened, for the government dared not refuse this alternative. Moreover, the primate was an old man; the pope was still older. All the wheels were in readiness; the machine could now be put in motion. The day the first locomotive steamed out of the Bondavara station the Abbe Samuel might say to himself, "The way to Rome is clear." It would be also safe to prophesy that on this day Ivan Behrend's ruin would be complete. * * * * * This railroad would bring the goods of the Joint-Stock Company into the markets of the world, where they could compete with the coal of Prussia and the English coal. But, it will be said, Ivan had the same chance; his coals were equally good, and the giant with the seven-mile boots would carry his coal as well as his enemies'. But here was where the shoes pinched. What was of use to the company was destruction to him. The railway was not to run through the valley where his mine was situated, although that line was the best and most natural course to take; instead of which mountains had to be made level, tunnels had to be bored through the hills, to avoid his colliery and to carry the rails close to the company's mine. In consequence of this, Ivan would be obliged to make a circuit of a half-day's journey to get to the railway, and so the freightage to the station made his goods five or six per cent. dearer than those of the company. For him, therefore, the railroad was a crushing blow. In the meantime the end of the year drew near, the time when the miners were to receive their share from the profits. But profit there was none. Neither coal nor iron had any sale. The company's low prices had taken every customer from Ivan. Any one who possesses ready money can always _say_, even if he loses, that he wins; the common people call this eating your own entrails. Ivan had a sum by him, which he had carefully gathered in better days. It amounted, all told, to several thousands, and he calculated h
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