The Coloured American Investment Company was organised for the encouragement and benefit of the struggling among Americans of African descent; at least, so its constitution said. Though truth was, Mr. Solomon Ruggles, the efficient president and treasurer of the institution, usually represented the struggling when there were any benefits to receive. Indeed, Mr. Ruggles was the Coloured American Investment Company. The people whom he persuaded to put their money into his concern were only accessories. Though a man of slight education, he was possessed of a liberal amount of that shrewd wit which allows its possessor to feed upon the credulity of others. Mr. Ruggles’s motto was “It is better to be plausible than right,” and he lived up to his principles with a fidelity that would have been commendable in a better cause. He was seldom right, but he was always plausible. No one knew better than he how to bring out the good point of a bad article. He would have sold you a blind horse and convinced you that he was doing you a favour in giving you an animal that would not be frightened by anything he saw. No one but he could have been in a city so short a time and yet gained to such an extent the confidence and cash of the people about him. When a coloured man wishes to start a stock company, he issues a call and holds a mass meeting. This is what Solomon Ruggles did. A good many came. Some spoke for and some against the movement, but the promoter’s plausible argument carried the day. “Gent’men,” he said, “my fellow colo’ed brotheren, I jest want to say this to you, that we Af’-Americans been ca’yin’ a leaky bucket to the well too long. We git the stream from the ground, an’ back to the ground it goes befoah we kin git any chance to make use o’ what we’ve drawed. But, not to speak in meterphers, this is what I mean. I mean that we work for the white folks for their money. All they keer about us is ouah work, an’ all we keer about them is their money; but what do we do with it when we git it? I’ll tell you what we do with it; we take an’ give it right back to the white folks fu’ somef’n’ or other we want, an’ so they git ouah labour, an’ ouah money too. Ain’t that the truth?” There were cries of “Yes, indeed, that’s so; you’re right, sho!” “Well, now, do you want this hyeah thing to go on?” “No!” from a good many voices. “Then how are we going to stop it?” Mr. Ruggles paused. No one answered. “Why,” he resumed, “by buyin’ from ourselves, that’s how. We all put in so much ev’ry week till we git enough to buy things of ouah own; then we’ll jest pat’onise ouahselves. Don’t you see it can’t fail?” The audience did.