"That was before my time," said the agent, quietly. "We have averaged nearly six and a half per cent. a year taking the last twenty years together, and if you go back farther the average is even larger. This has always been a paying property; we've got our new machinery now, and everything in the mills themselves is just where we want it. I look for far better times after this next year, but the market is glutted with goods of our kind, and nothing is going to be gained by cut-downs and forcing lower-cost goods into it. Still, I can keep things going one way and another, making yarn and so on," he said pleadingly. "I should like to feel that we had this extra surplus. I believe that we owe it to our operatives." The director had walked heavily to the window and put his hands deep into his side-pockets. He had an angry sense that the agent's hands were in his pockets too. "I've got some pride about that nine per cent., sir," he said loftily to the agent. "So have I," said the agent, and the two men looked each other in the face. "I acknowledge my duty to the stockholders," said the younger man presently. "I have tried to remember that duty ever since I took the mills eight years ago, but we've got an excellent body of operatives, and we ought to keep them. I want to show them this next year that we value their help. If times aren't as bad as we fear we shall still have the money--" "Nonsense. They think they own the mills now," said the director, but he was uncomfortable, in spite of believing he was right. "Where's my hat? I must have my luncheon now, and afterward there'll hardly be time to go down and look at the new power-house with you--I must be off on the quarter-to-two train." The agent sighed and led the way. There was no use in saying anything more and he knew it. As they walked along they met old Mrs. Kilpatrick returning from her brief noonday meal with little Maggie, whose childish face was radiant. The old woman recognized one of the directors and dropped him a decent curtsey as she had been taught to salute the gentry sixty years before. The director returned the salutation with much politeness. This was really a pleasant incident, and he took a silver half dollar from his pocket and gave it to the little girl before he went on. "Kape it safe, darlin'," said the old woman; "you'll need it yet. Don't be spending all your money in sweeties; 'tis a very cold world to them that haves no pince in their pocket." The child looked up at Mrs. Kilpatrick apprehensively; then the sunshine of hope broke out again through the cloud. "I am going to save fine till I buy a house, and you and me'll live there together, Mrs. Kilpatrick, and have a lovely coal fire all the time."