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sition of a great and commanding position in the world. He would have been in his element as an Indian chief, as a privy councillor, or even as a master-huntsman; but the life of a factory-owner seemed to him both more comfortable and more independent. A cigar in the corner of his mouth and a grave and thoughtful smile upon his face, standing at the window or sitting at his desk to issue all sorts of orders, to sign contracts, to listen to suggestions and requests, to combine the wrinkled brow of the very busy man with an easy, comfortable manner, to be now unapproachably strict and now good-naturedly condescending, and at all times to feel that he was a leader of men and that much depended on him--this was his gift, which unfortunately had come only too late in life to full exercise. But now he had his desire to the full; he could do as he pleased, set people up or put them down, heave delightful sighs over the burden of wealth, and feel that he was envied by many. All this he enjoyed with a connoisseur's pleasure and with entire absorption; he wallowed in happiness, and felt that fate had at last given him the place that belonged to him. In the meantime, the rival at whose expense he had grown great, made a new discovery, the introduction of which showed a number of the earlier products to be useless and turned out others much more cheaply. Since Huerlin, for all his self-confidence, was not a genius and understood only the externals of his trade, he descended at first slowly and then with increasing rapidity from his height of success, and finally reached a point where he was unable to conceal from himself that he was beaten. In desperation, he tried some daring financial expedients, through which he involved himself and a number of creditors with him in a complete and unsavory bankruptcy. He fled, but was caught and brought back, tried, and sent to jail; and when after several years he appeared once more in the town it was as a discredited and broken man who could not hope to make a fresh start. For a while he found humble occupations; but in the sultry days when the storm was gathering he had developed into a secret drinker--and what had then been concealed and little regarded became now a public scandal. Dismissed from a small clerk's place for untrustworthiness, he became an insurance agent, and in this capacity took to visiting all the taverns of the neighborhood. He lost this employment too, and, when an at
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