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The ladies withdrew quite early, Cary slipped away, and Elmendorf should have slipped after him, but here were two great men of the railway world, the natural oppressors of the masses, the very type of the creatures he delighted in describing upon the platform as "bloated bond-holders;" their conversation could hardly fail to be of interest to him, and he remained.

Where will the money come from?" "Oh, there's money enough more than enough millions more than enough to feed and clothe and keep us all in luxury tied up in the coffers of those bond-holders, and when the men whose hands have made it get their hands once more on it " "Mart, Mart, your head is crazed with whiskey," laughed Jenny, sadly.

When ordinary safes were being carried bodily away with impunity or ingeniously fused open by the scientifically equipped cracksman, nervous bond-holders turned with relief to the attractions of an establishment whose modest claim was summed up in its telegraphic address: "Impregnable."

Nor can the Government keep back any of this latter amount, because the "innocent and helpless bond-holders," or the company as their advocate, are at once down upon them for such atrocity. Nor, lastly, can the colony buy up the line and thus be extricated from the mess, because the company utterly scouts the idea of a sale at mere valuation.

Mart had had much to say of late of the foreigner's convincing logic and thrillingly eloquent appeals to the workingman. There was the man to wring the neck of capital and bring the bloated bond-holders to terms, said he.

Personality has faded out of politics. Everything is business, now, concessions, vested interests, dividends and bond-holders. These diplomats are not real people at all. They are shadowy survivals of the grand siècle, wraiths of Talleyrand; or else just restless bagmen. I don't call that a career." Geoffrey had listened to these tirades before. It was Reggie's froth.

And on Sunday mornings, when the great organ plays, and the mortgagees and the bond-holders and the debenture-holders and the Sunday school teachers and the billiard-markers all lift up their voices together, there is emitted from St. Asaph's a volume of praise that is practically as fine and effective as paid professional work. St. Asaph's is episcopal.

Sometimes the road has vitality enough to work itself out of its troubles; but in other cases, unfortunately too numerous, it passes into the hands of the bond-holders, and all it can earn goes to remunerate trustees, and pay legal expenses, commissions, etc.

Ford persists in his incredulity as to the sunny prospects of Peninsular bond-holders; and whilst hoping that the bright visions of his anonymous friend may be fully and promptly realised, declares his extreme distaste for any thing in the shape of Spanish stock, whether active, passive, or deferred.

He has made no argument; he has simply asserted things which are not true, and played upon your sympathies, emotions, and passions, by the use of the stale war-cries 'oppression, 'down-trodden working-man, 'bloated bond-holders, and, most foolish of all, 'the conflict between Capital and Labor. You have not thought this matter out for yourselves at all.