Uncle Prudent was a personage of consideration, and in spite of his name was well known for his audacity. He was very rich, and that is no drawback even in the United States; and how could it be otherwise when he owned the greater part of the shares in Niagara Falls? A society of engineers had just been founded at Buffalo for working the cataract. It seemed to be an excellent speculation. The seven thousand five hundred cubic meters that pass over Niagara in a second would produce seven millions of horsepower. This enormous power, distributed amongst all the workshops within a radius of three hundred miles, would return an annual income of three hundred million dollars, of which the greater part would find its way into the pocket of Uncle Prudent. He was a bachelor, he lived quietly, and for his only servant had his valet Frycollin, who was hardly worthy of being the servant to so audacious a master. Uncle Prudent was rich, and therefore he had friends, as was natural; but he also had enemies, although he was president of the club—among others all those who envied his position. Amongst his bitterest foes we may mention the secretary of the Weldon Institute. This was Phil Evans, who was also very rich, being the manager of the Wheelton Watch Company, an important manufactory, which makes every day five hundred movements equal in every respect to the best Swiss workmanship. Phil Evans would have passed for one of the happiest men in the world, and even in the United States, if it had not been for Uncle Prudent. Like him he was in his forty-sixth year; like him of invariable health; like him of undoubted boldness. They were two men made to understand each other thoroughly, but they did not, for both were of extreme violence of character. Uncle Prudent was furiously hot; Phil Evans was abnormally cool. And why had not Phil Evans been elected president of the club? The votes were exactly divided between Uncle Prudent and him. Twenty times there had been a scrutiny, and twenty times the majority had not declared for either one or the other. The position was embarrassing, and it might have lasted for the lifetime of the candidates. One of the members of the club then proposed a way out of the difficulty. This was Jem Chip, the treasurer of the Weldon Institute. Chip was a confirmed vegetarian, a proscriber of all animal nourishment, of all fermented liquors, half a Mussulman, half a Brahman. On this occasion Jem Chip was supported by another member of the club, William T. Forbes, the manager of a large factory where they made glucose by treating rags with sulphuric acid. A man of good standing was this William T. Forbes, the father of two charming girls—Miss Dorothy, called Doll, and Miss Martha, called Mat, who gave the tone to the best society in Philadelphia. It followed, then, on the proposition of Jem Chip, supported by William T. Forbes and others, that it was decided to elect the president “on the center point.”