'It is as well to be hung for a sheep as for a lamb,' said Undy's smile; 'and, moreover,' continued the smile, 'is it not ridiculous enough for you, Alaric Tudor, rogue as you are, to profess to me, Undy Scott, rogue as I am, any solicitude as to your ward's welfare, seeing that you have already taken to yourself, for your own dishonest purposes, a considerable slice of the fortune that has been trusted to your keeping? You have done this, and yet you talk to me of not having capital at your disposal! You have capital, and you will dispose of that capital for your own purposes, as long as a shilling remains uninvested of your ward's money. We are both rogues. God knows it, and you and I know it; but I am not such a hypocritical rogue as to make mock boasts of my honesty to my brother rogue.' This was certainly a long speech to have been made by a smile which crossed Mr. Scott's face but for a moment, but every word of it was there expressed, and every word of it was there read. Alaric did not at all like being addressed so uncivilly. It seemed to tend but little to that 'Excelsior' for which his soul panted; but what could he do? how could he help himself? Was it not all true? could he contradict the smile? Alas! it was true; it was useless for him now to attempt even to combat such smiles. 'Excelsior,' indeed! his future course might now probably be called by some very different designation. Easy, very easy, is the slope of hell. Before they had returned to Ca'stocks Cottage, Undy had succeeded in persuading his friend that the game must be played on--on and on, and out. If a man intends to make a fortune in the share-market he will never do it by being bold one day and timid the next. No turf betting-book can be made up safely except on consistent principles. Half-measures are always ruinous. In matters of speculation one attempt is made safe by another. No man, it is true, can calculate accurately what may be the upshot of a single venture; but a sharp fellow may calculate with a fair average of exactness what will be the aggregate upshot of many ventures. All mercantile fortunes have been made by the knowledge and understanding of this rule. If a man speculates but once and again, now and then, as it were, he must of course be a loser. He will be playing a game which he does not understand, and playing it against men who do understand it. Men who so play always lose. But he who speculates daily puts himself exactly in the reversed position. He plays a game which experience teaches him to play well, and he plays generally against men who have no such advantage. Of course he wins. All these valuable lessons did Undy Scott teach to Alaric Tudor, and the result was that Alaric agreed to order--for self and partner--a considerable number of shares in the Limehouse Bridge Company. Easy, very easy, is the slope of hell.