The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-11-16

touch 1t until he is found or an order Is OBJ
tanned from the court of bankruptcy"
"Dear mel And what did Colonel Bell
do in that emergency"
Just whsbxnight be expected of an hon.
orablo old gentleman and bad man of
business-soid up all his private property
and paid over every penny TO the creditors
of Bell g. Gordon. Evans & Evans did their
utmost to prevent him making such dis
astrous sacrifice and advised him to declare
himself bankrupt at once. But he would
not be persuaded. Yielding in most things,
bewas as stubborn as--as anything on this.
Old fashioned notions, you know, sir, about
honor and the disgrace of being white
washed"
"Of course the sum realized was insuffi-
cient to satisfy the creditors Of the firm."'
Didn't satisfy a quarter of them and
left him without funds to work the busi-
ness. Tint was foreseen by Evans &
Evans, who told the obstinate old fellow
that he was only throwing his money away
and postponing the evil day"
80 that after all he had to close the
works and declare himself insolvent?"
He would have had to do so to dead
certainty, but Just at the last moment Mr..
Kavanagh came forward and len. him
sum of money to clear off the debt, rebuild
the kiln and start afresh."
did Mr.. kavanagh advance the money
without security"
mot exactly, sir--he took mortgageon
the estate"
II don't see any great generosity, Mr..
Brett, in advancing money on a mortgage"
There was in this case, sir. Evans g.
Evans had thought OF raising money by
mortgage, but on looking into the deed of
partnership they found an impedimenG In
the way. Mr.. Gordon could repudiate any
obligation made without his consent"
81 see. Mr.. Kavanagh relies upon Mr.
Gordon fulfilling the obligation when he
returnsf"
"Just so, sir, and considering all things
that's not very good security" .
''Supposing Mr.. Gordon should not trou-
BILE himself to return, what then, Mr.
Brett'n
''Then Mr.. Kavanagh will come out all
right. Every farthing the gallant old colo
mel can screw out of the affair is made over
to Mr.. Kavanagh's account toward the pay
ment of the mortgage, and If he only has
time he will certainly clear it off. The bust
ness is looking up at the pottery now.
Three kilns are In working order"
II think you said that Mr. Kavanagh has
invested capital in other potteries."
1.-TWO or three small ones He snapped
them up the moment he heard that Hin
tons were going to turn their business into
a company, knowing that the first object of
the company would be to extend the works,
which could only be done by buying up
these potteries. And the result proved the
justice of his forethought The company
would give him a check for the whole lot at
days notice"
"And transfer the mortgage on Bell g.
Gordon's pottery:"
"Oh, yes; they would take the risk of pull
ing that through all right. A young COM
pahy, you know, Sir, doesn't stick at trifles."
"And If the company chose to foreclose-
as l suppose they would-Mr. Bell would
be forced to abandon everything and go in
the workhouse"
"Oh, of course, as a man of honor, Mr..
Kavanagh would indemnify him out OF the
handsome profit he must make on the spec
ulation."
"Just so, as man Of honor, he would, >"
assented Mr.. Pelham, and then turning to
me, with the slightest indication of wink,
he said in tone of assurance: well,
madame, you see your money is quite safe
Thank you, Mr.. Brett. II any one calls,
you can say that 1 shall be back in an
hour"
The cab which had brought me from
Waterloo stood at the door. We got in,
and Mr. Pelham, having directed the driver,
said as he took the seat beside me:
Il conclude the persons referred to by
Mr.. Brett are the same that you are ac-
quinted with, madame!"
"Yes, they are the same"
"Well, you see how matters stand"
II think understand what he said"
n IL To-, Il A.
me then than have tried to make it in
this narrative.
Its pretty clear that Kavanagh is get
ting all his eggs in one basket for the con-
venience Of selling out and bolting at a
moments Is notice. All these arrangements
are clearly made with a view to the pos
sibi.ity of Mr.. Gordon's return. / need not
impress upon you the tremendous impor-
tance cf secrecy. The merest suspicion on
his part that you are here will involve q
catastrophe There's one thing l can't
| quite make out, !" he continued refectively,
| after pause of some minutes, "and that
| is why he has not made his position still
more secure by accepting at once the offer
made by this company. He knows as well
as most people the value of bird in the
hand. II isn't likely that man who has
shown himself devoid of principle and
feeling should be restrained by consider
alton FOR an old man--that he should jeo-
pardize his own future, though only in a
slight measure, merely to keep Colonel
Bell ont of the workhouse. l think we
shall find that he has some stronger mo-
tive for this delay"
] When the cab stopped, Mr.. Pelham left
me and took the check into the bank. In
a few minutes he returned with jubilant
expression on his face.
at is perfectly correct, he said, stepping
briskly into the cab. Then he directed the
| cabman to drive to Houndsditch, and as
we ratified on proceeded to count over the
bundle of notes caressingiy, as if the touch
of the crisp paper was a real pleasure to
him.
Mr.. Lazarus received us with unctuous
civility, and having counted over the notes
| in his turn opened drawer and brought
out the letter from Peter Schemyl, which
he carefully read through once more.
"You have come only just M time, my
dear lady," said he as he began to fill up a
telegram form. Mr.. Schemyl leaves Mos
COW tomorrow"
But my friends are net IL Moscow"
said
mo; they are at Vorontskaya, suppose.
1t would never do for Mr. Schemyl to re
celNe telegram there from London. 10
you know whom he left in charge Of the
posthouse when he came away" :,
"His brother Borgis, think"
"Ah a clever man, Mr.. Borgis Schemyl,
very clever. congratulate you-one Of the
cleyercst men in the business. He will get
a telegram from his brother at Moscow to-
morrow in all probability and put your
friends well on the road before Mr.. Sche-
myl returns"
"You think they will get away safelys" l
asked anxiously.
"There's every hope if Mr.. Borgis has the
management. The only difficulty will be
in crossing the frontier. but if you have no
enemies here who are likely TO warn the
police you may reasonably expect 70 see
your friends in three Or four weeks timen
Commenting on this interview as We left
Carter street, Mr.. Pelham said:
tAFparpf h inrr MTG IN. hap tbo