_Mr. Francis B. Ellesworth, University Club, Boston, Mass.:_ MY DEAR FRANK, I am sorry to inform you that the Benson note is still uncollected. The party writes that he will try to pay it soon. Our correspondent in Sunshine, S. C., considers the Benson security in Cherokee first-class. As this is the only S. C. mortgage that has slipped up so far on our hands, I should advise you to be patient a few more days. Perhaps you had better give the party leeway up to Dec. 1, if necessary, as it is his first default since you took the papers, three years ago. However, if you are impatient and wish to settle the matter, send me down the trust deeds and notes. Run in any time. I shall be glad to see you. Very truly yours, JOSEPH TODD. Young Ellesworth carefully deposited his cigar in the bronze ash receiver on the polished table by his side, and pulled out from his breast pocket a notebook which he consulted. After a few moments he seemed to satisfy himself as to the identity of his mortgager Benson; put his papers up, and sank back into a reverie. The gray November day seemed to have contented itself with monopolizing the streets and the faded Common, and the poor tenements, and the ragged stragglers, and to have passed by the windows of Beacon Street, and the luxurious smoking-room of the new University Club. Francis Ellesworth sprawled listlessly in the deep chair by the window, and vaguely congratulated himself that he did not have to earn his supper. It was lucky that he did not have to, for any tyro of a physiognomist could have seen at a glance that the delicate features, the sallow complexion, brightened by red spots upon his cheeks, the gentle black eyes and the straight black hair, did not belong to a robust New England body. The trouble with Ellesworth was, not that he was rich enough not to have to work, but that he was born at all. He considered it only a fair compensation for this insult that three years ago he had fallen heir to seventy-five thousand dollars, which he had successfully invested and reinvested ever since. This occupation, and the clubs and a few other necessary amusements formed his life. He was not handsome, but just interesting looking enough not to pass unnoticed. He was not vulgar; that is to say, he did not drink too much, did not swear, and was not the kind of a fellow who compromises a woman by his attentions. He was neither clever nor stupid. Thousands of young men in our great cities are of this type, unimportant to men of intent, and a missionary field to women of character. He needed an electric shock either to kill him or make a man of him. But perhaps, after all, Ellesworth was not wholly to blame for not trying to make his mark; for he was not so strong as other men, as I said before, and had, besides, so thoroughly coddled himself into that belief that useful activity was struck off of his list of possibilities.