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before the reading world for the first time. In this dilemma, I fully feel the weight of responsibility under which I stand; for there are truths of so little apparent probability as to appear fictitious, and fictions so like the truth that the ordinary observer is very apt to affirm that he was an eye-witness to their existence: two facts that all our historians would do well to bear in mind, since a knowledge of the circumstances might spare them the mortification of having testimony that cost a deal of trouble, discredited in the one case, and save a vast deal of painful and unnecessary labor, in the other. Thrown upon myself, therefore, for what the French call les pieces justificatives of my theories, as well as of my facts, I see no better way to prepare the reader to believe me, than by giving an unvarnished the result of the orange-woman's application; for had my worthy ancestor been subjected to the happy accidents and generous caprices of voluntary charity, it is more than probable I should be driven to throw a veil over those important years of his life that were notoriously passed in the work-house, but which, in consequence of that occurrence, are now easily authenticated by valid minutes and documentary evidence. Thus it is that there exists no void in the annals of our family, even that period which is usually remembered through gossiping and idle tales in the lives of most men, being matter of legal record in that of my progenitor, and so continued to be down to the day of his presumed majority, since he was indebted to a careful master the moment the parish could with any legality, putting decency quite out of the question, get rid of him. I ought to have said, that the orange-woman, taking a hint from the sign of a butcher opposite to whose door my ancestor was found, had very cleverly given him the name of Thomas Goldencalf.

      This second important transition in the affairs of my father, might be deemed a presage of his future fortunes. He was bound apprentice to a trader in fancy articles, or a shopkeeper who dealt in such objects as are usually purchased by those who do not well know what to do with their money. This trade was of immense advantage to the future prosperity of the young adventurer; for, in addition to the known fact that they who amuse are much better paid than they who instruct their fellow-creatures, his situation enabled him to study those caprices of men, which, properly improved, are of themselves a mine of wealth, as well as to gain a knowledge of the important truth that the greatest events of this life are much oftener the result of impulse than of calculation.

      I have it by a direct tradition, orally conveyed from the lips of my ancestor, that no one could be more lucky than himself in the character of his master. This personage, who came, in time, to be my maternal grandfather, was one of those wary traders who encourage others in their follies, with a view to his own advantage, and the experience of fifty years had rendered him so expert in the practices of his calling, that it was seldom he struck out a new vein in his mine, without finding himself rewarded for the enterprise, by a success that was fully equal to his expectations.

      “Tom,” he said one day to his apprentice, when time had produced confidence and awakened sympathies between them, “thou art a lucky youth, or the parish officer would never have brought thee to my door. Thou little knowest the wealth that is in store for thee, or the treasures that are at thy command, if thou provest diligent, and in particular faithful to my interests.” My provident grandfather never missed an occasion to throw in a useful moral, notwithstanding the general character of veracity that distinguished his commerce. “Now, what dost think, lad, may be the amount of my capital?”

      My ancestor in the male line hesitated to reply, for, hitherto, his ideas had been confined to the profits; never having dared to lift his thoughts as high as that source from which he could not but see they flowed in a very ample stream; but thrown upon himself by so unexpected a question, and being quick at figures, after adding ten per cent. to the sum which he knew the last year had given as the net avail of their joint ingenuity, he named the amount, in answered to the interrogatory.

      My maternal grandfather laughed in the face of my direct lineal ancestor.

      “Thou judgest, Tom,” he said, when his mirth was a little abated, “by what thou thinkest is the cost of the actual stock before thine eyes, when thou shouldst take into the account that which I term our floating capital.”

      Tom pondered a moment, for while he knew that his master had money in the funds, he did not account that as any portion of the available means connected with his ordinary business; and as for a floating capital, he did not well see how it could be of much account, since the disproportion between the cost and the selling prices of the different articles in which they dealt was so great, that there was no particular use in such an investment. As his master, however, rarely paid for anything until he was in possession of returns from it that exceeded the debt some seven-fold, he began to think the old man was alluding to the advantages he obtained in the way of credit, and after a little more cogitation, he ventured to say as much.

      Again my maternal grandfather indulged in a hearty fit of laughter.

      “Thou art clever in thy way, Tom,” he said, “and I like the minuteness of thy calculations, for they show an aptitude for trade; but there is genius in our calling as well as cleverness. Come hither, boy,” he added, drawing Tom to a window whence they could see the neighbors on their way to church, for it was on a Sunday that my two provident progenitors indulged in this moral view of humanity, as best fitted the day, “come hither, boy, and thou shalt see some small portion of that capital which thou seemest to think hid, stalking abroad by daylight, and in the open streets. Here, thou seest the wife of our neighbor, the pastry-cook; with what an air she tosses her head and displays the bauble thou sold'st her yesterday: well, even that slattern, idle and vain, and little worthy of trust as she is, carries about with her a portion of my capital!”

      My worthy ancestor stared, for he never knew the other to be guilty of so great an indiscretion as to trust a woman whom they both knew bought more than her husband was willing to pay for.

      “She gave me a guinea, master, for that which did not cost a seven-shilling piece!”

      “She did, indeed, Tom, and it was her vanity that urged her to it. I trade upon her folly, younker, and upon that of all mankind; now dost thou see with what a capital I carry on affairs? There—there is the maid, carrying the idle hussy's patterns in the rear; I drew upon my stock in that wench's possession, no later than the last week, for half-a-crown!”

      Tom reflected a long time on these allusions of his provident master, and although he understood them about as well as they will be understood by the owners of half the soft humid eyes and sprouting whiskers among my readers, by dint of cogitation he came at last to a practical understanding of the subject, which before he was thirty he had, to use a French term, pretty well exploite.

      I learn by unquestionable tradition, received also from the mouths of his contemporaries, that the opinions of my ancestor underwent some material changes between the ages of ten and forty, a circumstance that has often led me to reflect that people might do well not to be too confident of the principles, during the pliable period of life, when the mind, like the tender shoot, is easily bent aside and subjected to the action of surrounding causes.

      During the earlier years of the plastic age, my ancestor was observed to betray strong feelings of compassion at the sight of charity-children, nor was he ever known to pass a child, especially a boy that was still in petticoats, who was crying with hunger in the streets, without sharing his own crust with him. Indeed, his practice on this head was said to be steady and uniform, whenever the rencontre took place after my worthy father had had his own sympathies quickened by a good dinner; a fact that maybe imputed to a keener sense of the pleasure he was about to confer.

      After sixteen, he was known to converse occasionally on the subject of politics, a topic on which he came to be both expert and eloquent before twenty. His usual theme was justice and the sacred rights of man, concerning which he sometimes uttered very pretty sentiments, and such as were altogether becoming in one who was at the bottom of the great social pot that was then, as now, actively boiling, and where he was made to feel most, the heat that kept it in ebullition. I am assured that on the subject of taxation, and on that of the wrongs of America and Ireland, there were few youths in the parish who could discourse with more zeal and unction. About this time, too, he was heard shouting “Wilkes and liberty!” in the public streets.

      But,

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