“So it did for a time, and so it should and would have continued to have done but for my own folly--I always lived up to the extreme limit of my income--but extravagance begets extravagance. I was proud of you, your beauty, your accomplishments, your acquirements, and I determined that no money should be spared to place you in possession of every thing your fancy or your taste might dictate. It gratified my vanity to see you arrayed in the richest robes and glittering in the most costly gems. It also gratified the same mean passion, for such I now admit it to be, that your balls and parties should be the most elegant, the dinners and suppers of the house the most _recherché_ in all respects our society could boast. You appeared to take pleasure in them, and hence I rushed madly on until I found my fortune seriously impaired. What should I have done? Prudence and propriety now tell me, have retrenched at once and have gone to you and told you all. In fact they told me so then, and the struggle between them and false pride might have resulted in their favor and spared us this, but for one thing--I never was a gambler. I mean by that, I never ventured at games of chance any sum whose loss would have been worth a passing thought. But whilst I was thus hesitating, I heard among the men with whom I associated, how much this one and that one had cleared in a short time by ”operations“ in certain stocks. This was not gambling. It was the result of an observation of the probable rise and fall of the stock-market. It is unnecessary to my tale, love, to enter into the minute particulars, or to explain at length what is meant by the phrase ‘bulls and bears;’ suffice it to say, I saw the best men in the community, men esteemed in all the various relations of society, vestrymen of churches, elders, trustees, church members, all deeply embarked in these transactions, and of their morality then there could be no doubt, nor do I now mean to impugn it. I heard of the gains of different individuals--I _heard nothing of any man’s losses_. I consulted a broker, a man of keen business habits, and like almost all the members of the broker’s board, of highly honorable character in his avocation. I pointed out to him what I wanted. For the first time I heard of something beside profits. He pointed out to me clearly all the dangers of the business, and how immeasurably greater they were to one who, like myself, had been educated to spend money, not to make it. Few, he told me, were in the long run successful speculators, and they were usually men of cool, calculating temperament, sagacious and far-seeing in watching the signs of the times, and of an iron-nerve that nothing could shake; and yet, he said, such were the uncertainties, that at times even the most experienced of such men were deceived. I left him fully intending to avoid the dangerous experiment--come to you, and tell you all. Unfortunately, I fell in with a friend who had just embarked in an operation.