The Progressionists, and Angela.

"Our agreement is, however, to be kept strictly secret from the public."

"Of course, of course!"

"You will not forget, at the same time, Mr. Greifmann, that our very extraordinary undertaking will necessitate greater than ordinary outlay. It is a custom among laborers not to work on the day before election, and the same on election day itself. Yet, in order to keep them in good humor, they must get wages the same as if they had worked. This is for the manufacturer no insignificant disadvantage. Moreover, workingmen and doubtful voters, require to be stimulated with beer gratis-another tax on our purses."

"How high do these expenses run?" asked the millionaire.

"For Sand, Erdblatt, and myself, they never fall short of twelve hundred florins."

"That would make each one's share of the costs four hundred florins."

Taking a five-hundred florin banknote between his thumb and forefinger, the banker reached it carelessly to the somewhat puzzled leader.

"My contribution to the promotion of the interests of progress! I shall give as much to Messrs. Sand and Erdblatt."

"Many thanks, Mr. Greifmann!" said Schwefel, pocketing the money with satisfaction.

The millionaire drew himself up. "I have no doubt," said he, in his former cold and haughty tone, "that my recommendation will secure your establishment the custom already alluded to."

"I entertain a similar confidence in your influence, and will take the liberty of commending myself most respectfully to your favor." Bowing frequently, Schwefel retreated backwards towards the door, and disappeared. Greifmann stepped to the open entrance of the side apartment. There sat the youthful landholder, his head resting heavily on his hand. He looked up, and Carl's smiling face was met by a pair of stern, almost fierce eyes.

"Have you heard, friend Seraphin?" asked he triumphantly.

"Yes-and what I have heard surpasses everything. You have bargained with a member of that vile class who recognize no difference between honor and disgrace, between good and evil, between self-respect and infamy, who know only one god-which is money."

"Do not show yourself so implacable against these vile beings, my dearest! There is much that is useful in them, at any rate they are helping me to the finest horses belonging to the aristocracy."

A stealthy step was heard at the door of the cabinet.

"Do you hear that timid rap?" asked the banker. "The rapper's heart is at this moment in his knuckles. It is curious how men betray in trifles what at the time has possession of their feelings. The mere rapping gives a keen observer an insight into the heart of a person whom he does not as yet see. Listen-" Rapping again, still more stealthily and imploringly. "I must go and relieve the poor devil, whom nobody would suspect for a mighty leader. Now, Mr. Seraphin, Act the Second. Come in!"

The man who entered, attired in a dress coat and kids, was Erdblatt, a tobacco merchant, spare in person, and with restless, spering eyes. The millionaire greeted him coldly, then pointed him to the chair that had been occupied by Schwefel. The impression produced by the two hundred thousands on the man of tobacco was far more decided than in the case of the manufacturer of straw hats. Erdblatt was restless in his chair, and as the needle is attracted by the pole, so did Erdblatt's whole being turn towards the money. His eyes glanced constantly over the paper treasures, and a spasmodic jerking seized upon his fingers. But he soon sat motionless and stiff, as if thunderstruck at Greifmann's terrible words.

"Your substantial firm," began the mighty man of money, after some few formalities, "has awaked in me a degree of attention which the ordinary course of business does not require. I have to-day received notice from an English banking-house that in a few days several bills first of exchange, amounting to sixty thousand florins, will be presented to be paid by you."

Erdblatt was dumfounded and turned pale.

"The amount is not precisely what can be called insignificant," continued Greifmann coolly, "and I did not wish to omit notifying you concerning the bills, because, as you are aware, the banking business is regulated by rigorous and indiscriminating forms."

Erdblatt took the hint, turned still more pale, and uttered not a word.

"This accumulation of bills of exchange is something abnormal," proceeded Greifmann with indifference. "As they are all made payable on sight, you are no doubt ready to meet this sudden rush with proud composure," concluded the banker, with a smile of cold politeness.

But the dumfounded Erdblatt was far from enjoying proud composure. His manner rather indicated inability to pay and panic terror. "Not only is the accumulation of bills of exchange to the amount of sixty thousand florins something abnormal, but it also argues carelessness," said he tersely. "Were it attributable to accident, I should not complain; but it has been occasioned by jealous rivalry. Besides, they are bills first of exchange-it is something never heard of before-it is revolting-there is a plot to ruin me! And I have no plea to allege for putting off these bills, and I am, moreover, unable to pay them."

The banker shrugged his shoulders coldly, and his countenance became grave.

"Might I not beg you to aid me, Mr. Greifmann?" said he anxiously. "Of course, I shall allow you a high rate of interest."

"That is not practicable with bills of exchange," rejoined the banker relentlessly.

"When will the bills be presented?" asked the leader, with increasing anxiety.

"Perhaps as early as to-morrow," answered Greifmann, still more relentless.

The manufacturer of tobacco was near fainting.

"I cannot conceive of your being embarrassed," said the banker coldly. "Your popularity and influence will get you assistance from friends, in case your exchequer happens not to be in a favorable condition."

"The amount is too great; I should have to borrow in several quarters. This would give rise to reports, and endanger the credit of my firm."

"You are not wrong in your view," answered the banker coldly. "Accidents may shake the credit of the most solid firm, and other accidents may often change trifling difficulties into fatal catastrophes. How often does it not occur that houses of the best standing, which take in money at different places, are brought to the verge of bankruptcy through public distrust?"

The words of the money prince were nowise calculated to reassure Mr. Erdblatt.

"Be kind enough to accept the bills, and grant me time," pleaded he piteously.

"That, sir, would be contrary to all precedents in business," rejoined Greifmann, with an icy smile. "Our house never deviates from the paths of hereditary custom."

"I could pay in ten thousand florins at once," said Erdblatt once more. "Within eight weeks I could place fifty thousand more in your hands."

"I am very sorry, but, as I said, this plan is impracticable," opposed Greifmann. "Yet I have half a mind to accept those bills, but only on a certain condition."

"I am willing to indemnify you in any way possible," assured the tobacco merchant, with a feeling of relief!

"Hear the condition stated in a few words. As you know, I live exclusively for business, never meddle in city or state affairs. Moreover, labor devoted by me to political matters would be superfluous, in view of the undisputed sway of liberalism. Nevertheless, I am forced to learn, to my astonishment, that progress itself neglects to take talent and ability into account, and exhibits the most aristocratic nepotism. The remarkable abilities of Mr. Shund are lost, both to the city and state, merely because Mr. Shund's fellow-citizens will not elect him to offices of trust. This is unjust; to speak plainly, it is revolting, when one considers that there is many a brainless fellow in the City Council who has no better recommendation than to have descended from an old family, and whose sole ability lies in chinking ducats which he inherited but never earned. Shund is a genius compared with such boobies; but genius does not pass current here, whilst incapacity does. Now, if you will use your influence to have Shund nominated for mayor of this city, and for delegate to the legislature, and guarantee his election, you may consider the bills of exchange as covered."

Not even the critical financial trouble by which he was beset could prevent an expression of overwhelming surprise in the tobacco man's face.

"I certainly cannot have misunderstood you. You surely mean to speak of Ex-Treasurer Shund, of this place?"

"The same-the very same."

"But, Mr. Greifmann, perhaps you are not aware-"

"I am aware of everything," interrupted the banker. "I know that many years ago Mr. Shund awkwardly put his hand into the city treasury, that he was sent to the penitentiary, that people imagine they still see him in the penitentiary garb, and, finally, that in the stern judgment of the same people he is a low usurer. But usury has been abrogated by law. The theft Shund has not only made good by restoring what he stole, but also atoned for by years of imprisonment. Now, why is a man to be despised who has indeed done wrong, but not worse than others whose sins have long since been forgotten? Why condemn to obscurity a man that possesses the most brilliant kind of talent for public offices? The contempt felt for Shund on the part of a population who boast of their progress is unaccountable-may be it would not be far from the truth to believe that some influential persons are jealous of the gifted man," concluded the banker reproachfully.

"Pardon me, please! The thief and usurer it might perhaps be possible to elect," conceded Erdblatt. "But Shund's disgusting and shameless amours could not possibly find grace with the moral sense of the public."

"Yes, and the origin of this moral sense is the sixth commandment of the Jew Moses," said the millionaire scornfully. "I cannot understand' how you, a man of advanced views; can talk in this manner."

"You misinterpret my words," rejoined the leader deprecatingly. "To me, personally, Shund exists neither as a usurer nor as a debauchee. Christian modes of judging are, of course, relegated among absurdities that we have triumphed over. In this instance, however, there is no question of my own personal conviction, but of the conviction of the great multitude. And in the estimation of the multitude unbridled liberty is just as disgraceful as the free enjoyment of what, morally, is forbidden."

"You are altogether in the same rut as Schwefel."

"Have you spoken with Schwefel on this subject?" asked Erdblatt eagerly.

"Only a moment ago. Mr. Schwefel puts greater trust in his power than you do in yours, for he agreed to have Shund elected mayor and delegate. Mr. Schwefel only wishes you and Sand would lend your aid."