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JOSEPH AND HIS FRIEND.

"Then," said Julia, deceived by Joseph's quiet tone, "their profits are so enormous, that it would only be fair to reduce the bills. I am sure, that if I were to mention that you were embarrassed by heavy losses, and press them hard, they would compromise with me on a moderate amount. You know they allow what is called a margin for losses,—pa told me, but I forget how much,—they always expect to lose a certain percentage; and, of course, it can make no difference by whom they lose it. You understand, don't you?"

"Yes: it is very plain."

"Pa could help me to get both a reduction and an extension of time. The bills have not all been sent, and it will be better to wait two or three months after they have come in. If the dealers tfte a little uneasy in advance, they will be all the readier to compromise afterwards." Joseph walked up and down the hollow room, with his hands clasped behind his back and his eyes fixed upon the floor. Suddenly he stopped before her and said: "There is another way."

"Not a better one, I am certain."

"The furniture has not yet been unpacked, and can be returned to them uninjured. Then the bills need not be paid at all."

"And we should be the laughing-stock of the neighborhood!" she cried, her eyes flashing. "I never heard of anything so ridiculous! If the worst comes to the worst, you can sell Bishop those fifty acres over the hill, which he stands ready to take, any day. But you'd rather have a dilapidated house,—no parlor,—guests received in the dining-room and the kitchen,—the Hopetons and your friends, the Helds, sneering at us behind our backs! And what would your