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He would like to see his poor old Jack starve but just you look where he has climbed to." . . . He hiccoughed in a superior, leisurely manner. . . . "Ship-owning it with the best. A lottery ticket you want. Ha! ha! I will give you lottery tickets, my boy. Let the old ship sink and the old chum starve that's right. He don't go wrong Massy don't. Not he. He's a genius that man is.

He was educated at Bristol and at University College, London. Subsequently he joined his father's banking and ship-owning business. From 1860 till his death, he was editor of the "Economist." He was a keen student not only of economic and political science subjects, which he handled with a rare lightness of touch, but also of letters and of life at large.

This instance of the Murillo is but one of many, and as it illustrates an artifice of tricky ship-owning, it will be well to state why the Murillo will go scot-free, and may audaciously turn up again in British waters disguised by a few coats of paint, exhibiting a fresh figure-head, and bearing a new name in gilt lettering on her stern.

He had himself sprung from one of these rich ship-owning, patrician families, had been given every opportunity to study life both at home and abroad, and had accumulated a fund of knowledge of the world, which he had allowed quietly to grow before making literary drafts upon it.

Captain Froud did not see why the Shipmasters' Society, besides its general guardianship of our interests, should not be unofficially an employment agency of the very highest class. "I am trying to persuade all our great ship-owning firms to come to us for their men. There is nothing of a trade-union spirit about our society, and I really don't see why they should not," he said once to me.

"Things are getting so in all branches of industry, in squatting, in manufacturing, in trading, in ship-owning, in everything, that it takes more and more capital for a man to start for himself. This is a necessary result of increasing mechanical powers and of the economy of big businesses as compared to small ones.

When he was twelve years old he could handle his fishing-boat like a veteran. His skill and daring were the talk of the village. One day James Younger, a ship-owning merchant from Whitehaven, then a principal seaport on the neighboring coast of England, visited Arbigland, in search of seamen for one of his vessels.

Captain Froud did not see why the Shipmasters' Society, besides its general guardianship of our interests, should not be unofficially an employment agency of the very highest class. "I am trying to persuade all our great ship-owning firms to come to us for their men. There is nothing of a trade-union spirit about our society, and I really don't see why they should not," he said once to me.

Then George flies out at him. What's the meaning, then, of these silly jeers at ship-owning for the last three weeks? Had enough of them, anyhow. "Angry at having his mouth made to water, see. Cloete don't get excited. . . I am no squeamish ass, either, says he, very slowly. 'Tisn't selling your old Sagamore wants. Tomahawking, says he.

First let me sketch you my position it won't take many words: "My grandfather was a Chilcote of Westmoreland; he was one of the first of his day and his class to recognize that there was a future in trade, so, breaking his own little twig from the family tree, he went south to Wark and entered a ship-owning firm.