The Providence news. (Providence [R.I.]) 1891-1906, 1893-11-06


be wss as stubborn aa-as anything on this
Old fashioned notions, you know, sir, about
honor and the disgraco Of being white
washed"
"Os course tho sum realized was insuf,i
cisnt to satisfy the creditors Of the firm"
"Didn't satisfy q quarter Of them and
left him without funds to work tho bust
ness THAI was forceecn by Evans q
Evans, who told the obstinate old fellow
that he was only throwing his money away
and postponing the evil day."
$50 that after ell he had 20 close the
works and declare himself jnsolventi"
"He would have had TO do 20 to dead
certainty, but just at the last moment Mr.
Kavanagh came forward and lent him
sum Of money to clear of the debt, rebuild
the kiln and start afresh."
ibid Mr.. Kavanagh advance tho money
without securityi"
"Not 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, ar. Evans &
Evans had thought of raising money by a
mortgage, but on looking into tho deed Of
partnership they found en imrediment In
the way. Mr.. Gordon could repudiate any
obligation made without his consent"
II 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 tue gallant old colo
mel can screw out of the affair is made oven
to Mr.. Kayaaayh's account coward the pay
ment of the mortgage, AMI IL he only has
time he will certainly clear it or 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 smsn ones. He snapped
them up the moment he heard that Hin
y tons were going TO turn their business into
company, knowing that the nrst object of
the company would be TO extend the works,
which could only DO done by buying up
these potteries. And the result proved the
justice of his forethought. The company
would give him check for the whole lot at
days notice."
"And transfer the mortgage on Bell &
Gordon's pottery:
"Oh, yes; they would take the risk ofpull.
ing that through all right A young COM
pany, you know, sin. doesn't stick at tribes"
"And il the company chose to foreclose--
as suppose they would-Mr. Bell would
be forced to abandon everything and 60 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 q tone Of assurance: "Well,
madame, you see your money is quite SAFE
Thank you, Mr.. Brett. II any one calls,
you can say that I 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:
II conclude the persons referred to by
Mr.. Brett are the same that you are ac-
quinted with, madames"
'Yes, they are the same"
swell, you see how matters stand"
81 think understand what he said"
OF course a great deal was less clear to
me then than l 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 notice. All these arrangements
are clearly made with a view to the pos
sibility of Mr. Gordon's return. / need not
impress upon you the tremendous impor-
tance CT secrecy. The merest suspicion on
his part that you are here will involve
catastrophe There's one thing I can't
quite make out" he continued refectively,
of an Of tka<
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 a bird in the
hand. 1t 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 out Of the workhouse. / think we
shall find that he has some stronger mo-
tive for this delay"
When the cab stopped, Mr.. Pelham left
me aud took the check into the bank. In
a few minutes he returned with jubilant
expression on his face.
"It Is perfectly correct" he said, stepping
briskly into che cab. Then he directed the
cabman 20 drive TO Houndsditch, and as
we ratified on proceeded TO count over the
bundle of notes caressingly, rs If the touch
of the crisp paper was real pleasure to
him.
Mr. Lazarus received us with unctuous
civility, and having counted over the notes
in his tuyn opened drawer and brought
cut the letter froia Peter Schemyl, which
be c8refdlly read through once more.
"You have come only just in time, my
dear LADY," said he as he began to fill upa
telegram form. "Ir. Schemyl leaves Mos
COW tomorrow"
'isut my friends are not in Moscow,"I I
said.
"No; they are at voroatskaya, suppose.
1t would never do for Mr.. Schemyl to re-
ceive a telegram there from London. Do
you know whom he left ia charge OF the
posthouse when he came awayy"
"His brother Borpis, think"
.Ab m clever mau Mr. KorOfs SchemvI