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It was testified by Mr. Stires that Mr. Cowperwood said he had bought certificates of city loan to this amount, and it has not been clearly demonstrated that he had not. His non-placement of the same in the sinking-fund must in all fairness, the letter of the law to the contrary notwithstanding, be looked upon and judged in the light of custom. Was it his custom so to do?

His small property had been saved for him by Cowperwood, who had advised Steger to inform the Municipal Reform Association that Stires' bondsmen were attempting to sequestrate it for their own benefit, when actually it should go to the city if there were any real claim against him which there was not.

Stires told him the first thing the next morning. Mr. Cowperwood thought nothing of it, for he was entitled to it, and could collect it in any court of law having jurisdiction in such cases, failure or no failure. It is silly for Mr. Stener to say he would have stopped payment.

On my word, as I saw Follet curving his spinal column, and Schneider lighting up his face with his perfect teeth, I thought with an immense admiration of the unpolished and loose-hung Stires amid the eternal smell of tar and dust. It was a mere discussion of her hair, incoherent and pointless enough. No scandal, even from Schneider.

Lockerbie gave a dinner-party at the end of the week, and Follet got drunk quite early in the evening. I believed it no more the second time than I had believed it the first. Anyhow, she wouldn't have had him. Schneider left us during those days. We hardly noticed his departure. Ching Po still prospers. Except Stires, we are not squeamish on Naapu. By ELLEN GLASGOW

"No, but he's a solid, conservative cash grain man," answered Freye, "who hasn't been associated with speculating for years. Crookes has got to have that element in the clique before we can approach Stires & Co. We may have to get a pile of money from them, and they're apt to be scary and cautious. Cressler being in, do you see, gives the clique a substantial, conservative character.

Old Dubois knows her pedigree. Her grandmother was a mulatto, over Penang way. She knew how Stires felt on the subject a damn, dirty ship-chandler no self-respecting officer deals with " "None of that!" I said sharply. "He's a good man, Stires. A darned sight too good for the Naapu grafters.

The referee sat at one end of a large table, surrounded by his books, with his stenographer beside him; and to his left sat Bunce and a lawyer named Stires, the present "attorney of record" for the defendant. I took my seat opposite them, introduced myself to the referee and waited.

Stener, it seemed, was now threatening to have his chief clerk prosecuted, saying that he was responsible for the loss of the money and that his bondsmen could be held responsible. Cowperwood had merely laughed and assured Stires that there was nothing to this. "Albert," he had said, smilingly, "I tell you positively, there's nothing in it. You're not responsible for delivering that check to me.

Perhaps she hoped for tardy regrets on his part; an ex-post-facto decision that it didn't matter. When you stop to think of it, Stires and his prejudices had no business in such a place, and nothing in earth or sky or sea could have foretold them to the population of that landscape. Perhaps when she let herself go, in the strong seas, she thought that he would be at heart her widower.