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nished wretch of an author whom he has chosen to overwhelm with the sight of this magnificence, "to think that all this comes out of the brains of chaps like you! Why, young man, I tell you that if all the money that has been paid to you scribblers since the days of Elizabeth were added together it would not come up to my little pile; but, mind you, it ain't so much fiction that has done the trick -it's religion. It's piety as pays, especially when it's printed."

Then the unsophisticated youth would go away, his heart too full for words, but pondering how these things were, and by-and-by he would pass into the Meeson melting-pot and learn something about it.

One day King Meeson sat in his counting-house counting out his money, or, at least, looking over the books of the firm. He was in a very bad temper, and his heavy brows were wrinkled up in a way calculated to make the countinghouse clerks shake on their stools. Meeson's had a branch establishment at Sydney, in Australia, which establishment had, until lately, been paying-it is true not as well as the English one, but still fifteen or twenty per cent. But now a wonder had come to pass. A great American publishing firm had started an opposition house in Melbourne, and their "cuteness" was more than the "cuteness" of Meeson. Did Meeson's publish an edition of the works of any standard author at threepence per volume, the opposition company brought out the same work at twopencehalfpenny; did Meeson's subsidise a newspaper to puff their undertakings, the opposition firm subsidised two to cry them down, and so on. And now the results of all this were becoming apparent: for the financial year just ended the Australian branch had barely earned a beggarly net dividend of seven per cent.

No wonder Mr. Meeson was furious, and no wonder that the clerks shook upon their stools.

"This must be seen into, No. 3," said Mr. Meeson, bringing his fist down with a bang on to the balance-sheet.

No. 3 was one of the editors: a mild-eyed little man with blue spectacles. He had once been a writer of promise; but somehow Meeson's had got him for its own, and turned him into a publisher's hack.

"Quite so, sir," he said humbly. "It is very badit is dreadful to think of Meeson's coming down to seven per cent.-seven per cent. !" and he held up his hands.

"Don't stand there like a stuck pig, No. 3," said Mr. Meeson fiercely; "but suggest something."

"Well, sir," said No. 3 more humbly than ever, for he was terribly afraid of his employer; "I think, perhaps, that somebody had better go to Australia, and see what can be done."

"I know one thing that can be done," said Mr. Meeson, with a snarl: "all those fools out there can be sacked, and sacked they shall be; and, what's more, I'll go and sack them myself. That will do, No. 3; that will do ; and No. 3 departed, and glad enough he was to go. As he went a clerk arrived, and gave a card to the great

man.

do;"

"Miss Augusta Smithers," he read; then, with a grunt, "show Miss Augusta Smithers in."

Presently Miss Augusta Smithers arrived. She was a tall, well-formed young lady of about twenty-four, with pretty golden hair, deep grey eyes, a fine forehead, and a delicate mouth; just now, however, she looked very nervous.

"Well, Miss Smithers, what is it?" asked the publisher. "I came, Mr. Meeson-I came about my book." "Your book, Miss Smithers?" this was an affectation of

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'And to think that all this comes out of the brains of chaps like you." - Page 2

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forgetfulness; "let me see?—forgive me, but we publish so many books. Oh, yes, I remember: 'Jemima's Vow.' Oh, well, I believe it is going on fairly."

"I saw you advertised the sixteenth thousand the other day," put in Miss Smithers apologetically.

“Did we did we? ah, then, you know more about it than I do," and he looked at his visitor in a way that conveyed clearly enough that he considered the interview was ended.

Miss Smithers rose, and then, with a spasmodic effort, sat down again. "The fact is, Mr. Meeson," she said— "the fact is, I thought that, perhaps, as 'Jemima's Vow' had been such a great success, you might, perhaps in short, you might be inclined to give me some small sum in addition to what I have received."

Mr. Meeson looked up. His forehead was wrinkled till the shaggy eyebrows nearly hid the sharp little eyes. "What!" he said. "What!"

At this moment the door opened, and a young gentleman came slowly in. He was a very nice-looking young man, tall and well-shaped, with a fair skin and jolly blue eyesin short, a typical young Englishman of the better sort, ætate suo twenty-four. I have said that he came slowly in, but that scarcely conveys the gay and dégagé air of independence which pervaded this young man, and which would certainly have struck any observer as little short of shocking, when contrasted with the worm-like attitude of those who crept round the feet of Meeson. This young man had not, indeed, even taken the trouble to remove his hat, which was perched upon the back of his head, his hands were in his pockets, a sacrilegious whistle hovered on his lips, and he opened the door of the sanctum sanctorum of the Meeson establishment with a kick!

"How do, uncle?" he said to the Commercial Terror,

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