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The procession, which went off in irreproachable style, was followed by a dinner at Highbury Barn, at which above a thousand members sat down to table; and after which, thanks were voted to the different officers of the club; and, in addition thereto, a gold snuff-box, with an appropriate inscription, was presented to Mr Nogoe, for his unparalleled exertions in the sacred cause of humanity, as represented by their society.

Mr Nogoe is confirmed in his double function as secretary and treasurer. Subscriptions flow in; and, to Bowley's infinite gratification, beer and spirits begin to flow out.

The representatives of the five deceased members, whom Nogoe has put off from time to time on various ingenious pretences, having become aware of the meeting, burst in upon their deliberations, and after an exchange of no very complimentary remonstrances, backed by vehement demands for immediate payment, are with difficulty induced to withdraw, while the committee enter upon the consideration of their cases.

The first-fruits of these mysterious operations at length appear in the form of a prospectus of a new mutual-assurance society, under the designation of 'The Charitable Chums' Benefit Club; of which Mr Nogoe, who has undertaken its organisation, is to act as secretary and chairman at the preliminary meetings, and to lend his valuable assistance in getting the society into working order.

Mr Nogoe, the convivial defaulter, who is a gentleman of fifty, who has seen the world, and knows how to manage it, is decidedly of Bowley's opinion that, as a general rule, credit is a bad plan; inasmuch as, so far as his experience goes in the public line, to afford it to your customers, is the first step towards losing it yourself.

Nogoe has vanished from the locality of the now thriving inn and tavern of his friend Mr Peter Bowley, and in the character of a scapegoat, is gone forth to what point of the compass nobody exactly knows. The last account of him is, that he had gone to the Isle of Man, where he endeavoured to get up a railway on the Exhaustive Principle, but without effect.

Nogoe, as he took snuff out of his gold box, shrugged his shoulders at the rapid disappearance of the funds, as one ten-pound cheque after another was handed over to the disconsolate widows.

Day after day, he is seen in close confab with Mr Nogoe, who is now as busy as a bee, buzzing about here, there, and everywhere, with rolls of paper in his hand, a pen behind his ear, and another in his mouth, and who is never absent an hour together from the 'Mother Bunch, where he has a private room much frequented by active, middle-aged persons of a rather seedy cast, and where he takes all his meals at the landlord's table.

But when the November fogs brought the influenza, and a hundred of the members were thrown upon their backs and the fund at once; when it became necessary to engage additional medical assistance; and when, in spite of unremitting energy in the departments of prospectusing, puffing, and personal canvassing, the money leaked out five times as fast as it came in, then Mr Nogoe began to find his position peculiarly unpleasant, and anything but a bed of roses.

Nogoe produces his budget, from the examination of which it appears, that if they are paid in full, there will remain in the hands of the bankers, to meet the demands of the 'fourscore odd' sick members, the sum of 4s. 7d. What is to be done? is now the question.