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JOSEPH AND HIS FRIEND.

"I think it will not be necessary. I have stated the facts, Mr. Tweed, and if you accept them, the figures can be arranged between us at any time. It is a simple case of algebra: by taking x, you work out the unknown quantity."

With a hearty laugh at his own smartness, he shook the "rising politician's" hand, and left the Wharf-Rat with Joseph.

"We can talk here as well as in the woods," he said. "Nobody ever hears anything in this crowd. But perhaps we had better not mention the Amaranth by name, as the operation has been kept so very close. Shall we say 'Paraguay' instead, or—still better—'Reading,' which is a very common stock? Well, then, I guess you have come to see me in relation to the Reading?"

Joseph, as briefly as possible, stated the embarrassment he suffered, on account of the continued calls for payment, the difficulty of raising money for the fifth instalment, and bluntly expressed his doubts of the success of the speculation. Mr. Blessing heard him patiently to the end, and then, having collected himself, answered:—

"I understand, most perfectly, your feeling in the matter. Further, I do not deny that in respect to the time of realizing from the Am—Reading, I should say—I have also been disappointed. It has cost me no little trouble to keep my own shares intact, and my stake is so much greater than yours, for it is my all! I am ready to unite with the Chowder, at once: indeed, as one of the directors, I mentioned it at our last meeting, but the proposition, I regret to say, was not favorably entertained. We are dependent, in a great measure, on Kanuck, who is on the spot superintending the Reading; he has been telegraphed to come on, and