Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1894-02-08

"And the result of your examination
Showed
"Showcd that Colonel Bell had not six
pence in the pound to pay his creditors"
"But he could call upon his partner Mr..
Gordon"
Couldn't find him, not trace of him
anywhere, and his Observation-Disclosures
of Lincolu's Inn-refuscd to produce pen
ny without his order, naturally"
"Oh Mr.. Gordon had means them"
"plenty, but it's all tied up. No one can
touch it until he is found or IN order is OBJ
tanned from the court of bankruptcy"
Dear mel And what did Colonel Bell
do in that emergency"
Just what might be expected of an hon
orable old gentleman and bad man of
business--so!d up all his private property
and paid over every penny to the creditors
of Bell 81 Gordon. Evans s. Evans did their
utmost to prevent him making such a dis
astrous sacrifice and advised him to declare
himself bankrupt at once. But he would
not be persuaded Yielding i'll most things.
be was 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 INSULT
Gent to satisfy the creditors of the firm"
Didn't satisfy quarter of them and
left him without funds to work the bust
ness. That was foreseen by Evans 81
Evans, who told the obstinate old fellow
that he was only throwing his money away
and stponing the evil day
$50 that after all he had to close the
works and declare himself insolvent:'
He would have had to do so to q 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 aireSh'
Did Nr. Kayauagh advance the money
without security,'
mot exactly, @ir-he took n mort qapeon
the estate
II don't see any great generosity. Mr.
/ Brett, in advancing money on q mortgage"
"rhere was in this case, sir. Evans 81
Evans had thought of raising money by II
/ mortgage. but on looking into the deed of
partnership they found an impediment in
the way. My. Gordon could repudiate any
obligation made without his consent"
81 see. Mr. kayauagh relics upon Mr.
Gordon fulfilling the obligation when he
/ returusF'
Just so, sir, and considering all things
/ that's not very good security"
"Supposing Mr. Gordon should not trou-
| bic himself TO return, what then, Mr.
BRETT"
Then Mr.. Kayanagh will come out all
right Every farthiug the gallant old colo
| mel can screw out Of the affair is made over
| to Mr. KGyanagh' 5 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 ut the pottery now.
| Three iilns are in working ORDER
III think you said that Mr kavanagh has
! invested capital in other pOtteries."
Two or three small ones. He snapped
/ them up the moment he heard that Hin
| tons were going to turn their business into
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 n check for the whole lot aJ
| days notice
And transfer the mortgage on Bell &,
! Gordon's pottery:
ooh. yes; they would take the risk of pull
ing that through MI right. \ young com
pany, you know, sir doesn't stick at TRIES. -
And if the company chose to foreclose-
as | suppose they would-Mr. Bell would
be forced to abandon everything and 20 in
the work house,"
"Oh, of course, as n man of honor Mr..
, Kavanagh would indemnify him out Of the
! handsome profit he must make on the spec
ulation"
just 50, as a man of honor he would, ="
assented Mr.. Pelham, and then turning to
me, with the slightest indication of n wink.
he said in "a tone Of assurance: well,
madame, You see your money is quite safe.
Thank You, Mr.. Brett. If any one calls,
4 zl,o1 h..
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, madame
Yes, they are the same"
"Neli, you see how matters stand"
u think | understand what he said A."
OF course IL great deal was less clear TO
me then than ] have tried to make it in
this narrative.
1T pretty cle2r that Kayardgh is get
ting all his cLgs in one basket Tor the con-
vcnience of selling ont and boiling at a
moment : notice. Al these ARRANGEMENTS
are clearly made with n view to the pos
sihility of Mr. Gordon . return. | need not
III press upon you the JrclNcAQuuS lmpOr-
tancc e secrecy. The mcrest suspicion on
his part that you are here will involve "A
catastrophe There's one thing | can't
quite make out he continued rctcctiyelv,
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 we'll
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 rhan-that lie should joo-
pardize his own future, though only in "A
slight measure, merely to keep Colonel
Bell ont of the workhouse. think we
sha!l 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
few minutes he returned with Il jubilant
expression on his face.
at is perfectly he said, stepping
briskly into the cab Then he directed the
cabmuD IN drive IN IIound .tifrb and q.