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Updated: May 17, 2025
I suggested a longer term, and also, that the interest on the annual put-by, to accumulate, should be altered so as to alleviate the burden. In answer to a letter written with the assistance of Messrs. Howe and Tilley, I received the following from the Duke: "CLUMBER, "8 Decr. 1862.
I set it down that no such disgrace would ever fall on our family if I could help it, and when he got better I set to put-by every penny that could be spared, and many a hank I have spun and stocking knitted to get the pennies. After thinking over Archie's letter, I counted what I put by and I have one pound, seven shillings, and tenpence. Your passage, you see, is paid.
Gladstone insisted on such a short term of repayment, and therefore so heavy a put-by, that his terms took away the pecuniary value of the guarantee itself: that is to say, that what the Colonies would have annually to pay, would have amounted to more than the annual sum for which they could have borrowed the money themselves.
For the first time in all her life Margaret suspected a flaw in this perfect crystal of a brother; his gay debonnaire manner hurt her. Even if her father's objections were ignorant prejudices, they were positive convictions to him, and she did not like to see them smiled at, entertained by the cast of the eye, and the put-by of the turning hand.
It had not occurred to me, either before or then, that he was rich; somehow, in the bare cabin of the schooner, I had received no such impression of his means. I had not even realised that the vessel was his own, taking it for granted that it had been hired, all standing, for a week or two with the put-by economies of a year.
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