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His clothing costs about $4 per annum. In ten years more he may double his holdings and become part-owner in a water buffalo. In six years more he can procure a wife and live comfortably on his estate. Thus in twenty-six years he has gained a competence." So much by way of a faint picture of existing industrial conditions in the Orient.

From that time on I devoted myself to the study of New York real estate and watched for opportunities to make similar investments. In spite of two or three speculations which did not turn out well, I have been remarkably successful. Today I am the owner and part-owner of several flat-houses.

It was inscribed in large plain characters, 'To Joseph Clarke, leather merchant of Havant, by the hand of Master Decimus Saxon, part-owner of the ship Providence, from Amsterdam to Portsmouth. At each side it was sealed with a massive red seal, and was additionally secured with a broad band of silk. 'I have three-and-twenty of them to deliver in the neighbourhood, he remarked.

Accordingly, he went the same night with me to Mr Dinton, that was in the general merchandising line, a part-owner in vessels, a trafficker in corn, and now and then a canny discounter of bills, at a moderate rate, to folk in straits and difficulties.

It appeared that he was part-owner of the ship, having sunk the entire savings of a lifetime in the purchase of fifty shares and a quantity of the cargo in her hold; and although he did his utmost to face his misfortune as a brave man should, the tears started to his eyes as he explained to me that the capture of the ship would leave him and his frau absolutely penniless in their old age.

But there were a few on whom the message fell like a thunderbolt, as we shall now proceed to show. In a dingy office, in a back street in one of the darkest quarters of the city, whose name we refrain from mentioning, an elderly man sat down one foggy morning, poked the fire, blew his nose, opened his newspaper, and began to read. This man was a part-owner of the Lively Poll. His name was Black.

The next step toward the goal of happiness found me before the mast in a full-rigged ship bound on a foreign voyage. Thus I came "over the bows," and not in through the cabin windows, to the command of a ship. My best command was that of the magnificent ship Northern Light, of which I was part-owner.

Harry Lorraine, from what Ralph has told me, there is no one I should more gladly welcome to Fairmead than its part-owner, and I am surprised that he should prefer the pig-stye. Still, in reference to the latter, is there not a warning about blindly casting?" "There is," laughed Harry. "I crave mercy. In token of submission I will help you to wash those dishes now."

"No?" "They did, indeed during the savoury. As part-owner, I craved a seat in the car. They scorned my request. Who was I? To day, they drive from Norfolk to Dorset. But for their swabhood they would have picked me up in London on the way." "On the what?"

It was a calm, clear evening in late summer as the Elizabeth Ann, of Pembray, scorning the expensive aid of a tug, threaded her way down the London river under canvas. The crew were busy forward, and the master and part-owner a fussy little man, deeply imbued with a sense of his own importance and cleverness was at the wheel chatting with the mate.