"It is a curious story," he said. "The man I speak of was always reported to be very wealthy. No one knows more of his early career than that, when the gold-diggings were first discovered, he was a Cheap-Jack, as they call them, trading at all the new gold-fields. He bought tents, picks, shovels, tubs, anything, from the diggers, who were madly running from one place to another. He bought them for a song, for the diggers could not carry those things about with them, and they were glad to get rid of them at any price. When he sold them he made enormous profits, and by these means he was supposed to have amassed a great fortune. Then he speculated largely in sheep and cattle, and grew to be looked upon as a sort of banker. Many men deposited their savings with him, and, as he did not pay any interest for the money, and traded with it, there is no doubt as to the profitable nature of his operations. The great peculiarity about him was that his face from beneath his eyes, was completely hidden in bushy, brown, curly hair, He had been heard to say that he had never shaved. Well, one night, at past eleven o'clock, he knocked up a storekeeper at the diggings, and bought a razor and strop, a pair of scissors, a pair of moleskin trousers, a pair of watertight boots, and a blue serge shirt. In the course of conversation with the storekeeper, and while he was selecting the articles, he said that they were for a man whom he had engaged as a shepherd, and who was to start at daybreak the following morning. That was the last indisputable occurrence that was known in connection with him; the next day he disappeared and was not heard of again. For a day or two, no notice was taken of his absence; but, after that, depositors and others grew uneasy, and rumour invented a hundred different stories about him. A detective who knew him intimately, said that he was standing at the pit entrance of the Theatre Royal in Bourke Street, when a man passed in, the glitter of whose eyes attracted the detective's attention strangely. He could not recall the man's face, which was clean shaven, and he thought no more about it at the time. The missing man was traced to Melbourne, but no further. Some three or four weeks after his disappearance, the body of a drowned person was found in a river in New South Wales, and, from certain marks about it, it was supposed to be that of our missing friend. The inquest was adjourned, to allow time for the production of evidence from Victoria, and twelve medical men, all of whom knew the missing party were subpoenaed for the purpose of identifying him, or otherwise. The body was much decomposed, but some of the witnesses said that they would know if it was the missing man by the peculiar shape of one of his toes. The singularity of the affair lies in this. Six of the witnesses swore that it was the missing man, and six of them swore that it was not. Both sides were very positive. Some months after the inquest, a story was current that he had been seen at Texas, which story was shortly afterwards followed up by another, that he was shot in a tavern in South America. Then came other reports that he was living in great magnificence in all sorts of out-of-the-way places. But whether he is alive or not, no one in the colony knows, and to this day the mystery is not cleared up, and probably never will be."

"And the depositors' money?" asked the lawyer.

"Was never heard of. Vanished. If he was drowned, he did not like to part with it, and he took it into the other world with him."

Everybody at the table was much interested in the story, and commented upon it; after which there was a lull in the conversation.

"I have a great surprise in store for you to-night," said Mr. Blemish; addressing a gentleman of about sixty years of age, whose face was covered with iron-grey whiskers, beard, and moustache.

From some unexplained cause, the gentleman addressed looked suddenly and excitedly into the face of his host, and exclaimed, in a quick, nervous voice-

"A surprise!"

"Yes, and I hope a pleasant one."

"What surprise?" he asked, in the same agitated manner.

"Nay." returned Mr. Blemish, gently, "it will not be a surprise if I tell you beforehand."

The flush that had risen to that portion of the gentleman's face which the iron-grey whiskers, beard, and moustache allowed to be seen, slowly died away, and was replaced by a whitish-grey tint, which almost made him look like the ghost of an antique warrior. He debated within himself for a few moments, and then, taking out his pocket-book, wrote upon a leaf, "I shall take it as a particular favour if you will let me know what is the surprise you have in store for me; I have urgent reasons for asking;" and passed it, folded, to his host. Mr. Blemish read it, smiled, and wrote beneath, in reply, "Do you remember your brother?" and repassed the paper to his guest.

"Brother!" exclaimed that gentleman, in a voice betokening that, although he was considerably astonished, he was also considerably relieved.

"Yes," said Mr. Blemish, "your brother Nicholas."

"Good heavens!" exclaimed Mr. Matthew Nuttall; and the rest of the guests stared hard at him. Excepting Mr. David Dibbs, who was not disposed to be diverted from the serious occupation of eating and drinking. For Mr. David Dibbs lived to eat; he did not eat to live.

It is a shock to a man to be wrenched, without forewarning, from the groove in which his life has been gliding for twenty years. For fully that time Mr. Matthew Nuttall, engrossed in his own pursuits and his own cares, had never once thought of his brother; and now, at the very mention of his name, memories, long buried and forgotten, floated upon his mind like the sudden rising of a ghostly tide.

"Have you seen him?" he asked.

"No," said Mr. Zachariah Blemish, "I learned by accident that he has but lately arrived in the colony. Singularly enough, he had a letter of introduction to me from some of my people at home, and Mrs. Blemish, out of respect to you, invited him this evening to meet you."

"Mrs. Blemish is always kind. I shall be very glad to see Nicholas," said Mr. Matthew Nuttall, slowly and thoughtfully; and then the conversation became more general.

"Sheep are rising in the market, are they not, Mr. Dibbs?" asked the member of the Upper House.

"It's time they was," replied the great squatter, his mouth full of pine-apple.

"The people are complaining loudly of the price of beef," observed the democratic member of the Lower House.

"They're always a-growlin'," said Mr. David Dibbs, who, having swallowed his pine-apple, was enabled to speak with greater clearness. "They don't know what they want, don't the people. Beef ought to be double the price. My motto all'as has been, 'Live and let live.' They lay the blame on us squatters, but it's the butchers as sticks it on."

"It lies between the two of you, I suppose. Did you read in the papers that Mr. Froth said at the Eastern Market last night that the squatters were the ruin of the country?" asked the member of the Lower House, who, in virtue of his position, did all he could to make himself disagreeable.

"Mr. Froth wants his head punched," said Mr. Dibbs, elegantly, "and I wouldn't mind a-doin' of it for him. Why doesn't he stick to his business? He's a ignorant, lazy-a-a-" Here Mr. Dibbs wanted a word, and could not get it.

"Demagogue," suggested one of the guests.

"That's it. He's a ignorant, lazy demagogue, and is always trying to stir up the mob."

"The fact of it is, sir," said the member of the Upper House, seizing the opportunity to give a blow to democracy, "the people, as you call them, are a discontented set. Manhood suffrage has done it all. No man ought to have a vote who has not a property qualification."

"Quite right, sir," said Mr. Dibbs. "A glass of wine?"

"With pleasure. For, sir, what is the result?" (This oracularly, as if he were addressing the House.) "These men, sir, who have no property, but have a vote, exercise a pressure upon property detrimental to the interests of gentlemen who have property. What has property to do with them, or what have they to do with property? When they have property, let them speak; until then, let them be silent, and not interfere with what does not concern them."

"Them's my sentiments," nodded Mr. Dibbs, approvingly, helping himself to more wine and pine-apple.

"To what, sir, is this state of things to be attributed?" continued the orator. "The answer is plain. It is to be attributed to the unfortunate state of independence in which the working-man finds himself in these colonies. The working-classes all over the world, sir, are democratic, often dangerously democratic. But in such a country as England they are kept in their proper position by a sense of dependence. They cannot afford to quarrel with their bread-and-butter there. But, sir, when the working-man lands upon these shores, this spirit of dependence vanishes. Speaking vulgarly, sir, he says within himself, 'Jack's as good as his master;' and acting up to the spirit of that old adage (the author of it sir, ought to have been put into the pillory) – acting, I say again, sir, up to the spirit of that adage, he aims a blow at the interests of all of us who have property in the colony. He does not pay property the respect: to which it is entitled. He becomes democratic to a dangerous degree, and has no regard for conservative interests. This must be put a stop to, sir. It is incumbent upon us, who are loyal subjects, to put a stop to it-as loyal subjects, I say, sir, for we all know what is the meaning of democracy. It behoves all of us who have settled interests in the colony to look sharply about us. We must, if necessary, band together for the protection of our own interests; and, above all, sir, we must stick to the Constitution."

"Quite right again, sir," assented Mr. Dibbs, whose only idea of the Constitution was thirty thousand pounds a year for himself.

All the guests, with the exception of the member of the Lower House, agreed to the proposition that they must stick to the Constitution. The way that poor word was tossed about, and flung across the table and back again, was deplorable. It was settled that the Constitution was in danger, and, at all hazards, must be protected. No one could define precisely the nature of the danger. It appeared, as far as could be gathered, to resolve itself into this-that times were very dull, and that, therefore, the Constitution was imperilled. They all, with one exception, appeared to think that something was very wrong somewhere, and that the country was in a most distressing condition. Mr. Zachariah Blemish was the only person at the table who ventured to remark that "We are young, gentlemen, we are young, and have plenty of time before us for improvement. In all new colonies evils are sure to creep in. We have a fine estate in our hands, gentlemen; one of the finest estates in the world; and all it wants is proper management. Certainly the state of commercial morality is very bad-"

Ah, here was a theme! Commercial morality! The guests grew eloquent upon it. The member of the Upper House said it was deplorable; the member of the Lower House said it was disgraceful; the leading physician said it was frightful; the leading lawyer said it was unparalleled; Mr. Dibbs said it was beastly; and they raised their hands and their eyes, and shook their heads as much as to say, "Is it not dreadful that we, who are immaculate, who are undefiled, should live in the midst of such a state of things, without being able to remedy the evil?" But the most impressive of all was Mr. Zachariah Blemish; and, as a merchant of the highest standing, his words were listened to with deep attention.

Commercial morality (he said) was at its lowest ebb. The spirit of over-speculation among traders was something frightful to contemplate, and disastrous results were sure to follow. Indeed, indications of the approaching crisis were already observable in the records of the Insolvency Court. It was all occasioned by the easiness with which men got credit-men who commenced with nothing, who had nothing, with the exception of self-assurance, and who speculated recklessly, with the knowledge that when the crash came-and come it must, sooner or later, with such-like speculators-their creditors would only be too glad to take five shillings in the pound; would feel delighted at seven shillings and sixpence; would congratulate themselves at ten shillings; and then, after giving a full release, would actually do business again, upon terms, with the very man who had robbed them. Where was honesty? Where was morality? What would become of vested interests if that sort of thing were to continue? Steps must be taken-it behoved all of them to take steps. A check must be put to the spirit of reckless speculation, and he himself had some idea of initiating a movement in furtherance of the desired result. All that was required was that merchants should be true to themselves and to their own interests, and the country would soon recover from its present depressed condition.

And after the utterance of these platitudes, Mr. Zachariah Blemish stuck his thumbs in his waistcoat pockets, and looked round upon his guests, who, one and all, bowed down to the spirit of honour and integrity shining in the face of their merchant host!