Then had followed the disastrous second year, which had no such golden story to tell. The first six months, interest and discount had made horrible inroads into capital, and there had not only been no surplus, but an actual deficiency. The latter half showed a poor frightened balance of $137. But this year they improved greatly in economic management and several new processes that gave larger profit with less labor and outlay, so the hard strain had not been entirely without its uses. Capital had gone down in the valley of humiliation, and had a sorry time of it; but with it had come a knowledge and sympathy they could have acquired in no other way. The third year had proved a grand success. They had all worked so heartily together, and business had been undeniably good. Profits had been $41,854.92, with very limited discounts. After this there was none, and unused capital began to draw a little interest. This year there had been $10,963.73 to pay over to the men on the quarter share. The fourth year there had been numerous bankrupt stocks thrown on the market, and every one trying to do his utmost again: still the balance had been by no means disheartening, amounting to $34,982.67; capital's share being $17,491.33, and the wages overplus $8,745.66. The last year's profits had footed up $43,101.56. There was now in accrued capital stock $106,288.81.5; and this was to be divided in the _pro rata_ of each man's share, the larger amounts making the most, of course. And now they saw the object of saving. They had earned full wages and something beside; and, though wages had not reached the high point of good times, on the other hand they had not fallen below a reasonable standard, even with the bad year. There had been steady work for the whole five years, and every man had been practised in thrift, economy, and self-denial. Of those who had begun with them, seven had been discharged for drunkenness and insubordination, their share forfeited to the fund for sick and disabled workmen; three had gone out from loss of faith in the plan, accepting Winston's offer to sell; four had died, and thirteen had left from various other causes. So that there had been a much greater degree of steadiness than usually obtains among factory-workmen. This led to a decided improvement in many other respects. With a prospect of being permanent, the men were induced to buy homes, and took a greater interest in the management and welfare of their own town. The balance was divided, each man receiving his check, and with it a detailed statement of the whole five years. They were now quite free, the industrial partnership having legally expired. Hope Mills would take a fortnight holiday for repairs and re-organization. "What if there were to be no re-organization?" exclaimed Ben Hay suddenly. The men stared blankly at one another. No "Hope Mills," and the foundation-stone of life would have fallen out!