The stock of the Princeton Platinum Company was issued in ten-dollar shares, it being the conviction of Erastus Snaffle, deduced from a more or less extensive experience, that the gullible portion of the public is more likely to buy stock of a low par value. On the morning after the exhibition at the St. Filipe Club, the shares were quoted at two dollars and an eighth. Arthur Fenton read the stock reports at breakfast. He laid the paper down calmly, drank his coffee in silence, and absently played with his fork, while his wife attended to Caldwell's breakfast and her own. He said nothing until the boy, whose mind was intent upon some new toy or other, having hastily finished his meal, asked to be excused. "Don't be in a hurry, Caldwell," his mother said, gently. "I want you to learn to wait for older people." "Let him go, Edith," his father interposed. "I want to talk to you." The boy jumped down quickly and ran to give his father a hasty kiss. He had learned to look to Fenton to help him in evading his mother's attempts at discipline, and Edith noted with pain, as she had too often noticed before, the knowing smile which came into the child's face at her husband's words. Caldwell evidently regarded his father's remark merely as a convenient excuse, and it hurt Edith to see how in subtile ways her son was learning to distrust the honesty of his father. On this occasion, however, Arthur had meant what he said. When the door had closed behind the little fellow, he looked up to observe in the most matter-of-fact tone,-- "I suppose it is only fair, Edith, that I should tell you that we are ruined." She looked at him with a puzzled face. "What do you mean?" she said. "I mean," he returned, "that I have been getting into no end of a mess, and that some stock I bought to help myself out of it, has gone down and made things ten times worse." She folded her hands in her lap and regarded him wistfully. She had been so often repressed when she had tried to gain his confidence in regard to business matters that she hesitated to speak now. "Should I understand if you told me about it?" she asked. "Oh, very likely not," he returned, coolly; "but I don't in the least mind telling you, if it's any satisfaction to you. It isn't any great matter, only that I live so near the ragged edge that a dollar or two either way makes all the difference between poverty and independence." Edith breathed more freely. Her husband's self-possessed manner, and the fact that she knew him to be so given to exaggeration, made her feel that things were not so hopeless as his words had at first implied.