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Updated: June 27, 2025


He had hardly sold when up went the shares again, and he saw how foolish he had been, and how wise Pryer was, for if Pryer's advice had been followed, he would have made 500 pounds, instead of losing it. However, he told himself he must live and learn. Then Pryer made a mistake. They had bought some shares, and the shares went up delightfully for about a fortnight.

"As regards the laity," said Pryer, "nothing; not until we have a discipline which we can enforce with pains and penalties. How can a sheep dog work a flock of sheep unless he can bite occasionally as well as bark? But as regards ourselves we can do much." Pryer's manner was strange throughout the conversation, as though he were thinking all the time of something else.

The style of his dress was very High Church, and his acquaintances were exclusively of the extreme High Church party, but he kept his views a good deal in the background in his rector's presence, and that gentleman, though he looked askance on some of Pryer's friends, had no such ground of complaint against him as to make him sever the connection.

Then a newspaper said that these shares were the greatest rubbish that had ever been imposed upon the English public, and Ernest could stand it no longer, so he sold out, again this time against Pryer's advice, so that when they went up, as they shortly did, Pryer scored off Ernest a second time.

Ernest had even greater difficulty in making a clean breast of this than he had had in telling us about Miss Maitland, but he told us all, and the upshot was that he had actually handed over to Pryer every halfpenny that he then possessed with no other security than Pryer's I.O.U.'s for the amount.

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