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appear before the world as a writer, which the Dreamers will give him a chance to do at small expense, will help him on to the realization of his most cherished hopes; in fact, Huddy told me that he thought we ought to publish the proceedings of the club at least four times a year, so establishing a quarterly magazine, to which we shall all be regular contributors. He thinks it will pay for itself, and knows it will make us all famous, because Billy Jones is certain to see that everything that goes out is first chop, and I’m inclined to believe Huddy is right. The continual drip, drip, drip of a drop of water on a stone will gradually wear away the stone, and, by Jove! before we know it, by constant hammering away at this dream scheme of ours we’ll gain a position that won’t be altogether unenviable.”

      “That’s so,” said Billy. “I wouldn’t wonder if with the constant drip, drip, drip of your drops of ink and inspiration you could wear the public out in a very little while. The only troublesome thing will be in getting a publisher for your quarterly.”

      “I haven’t any idea that we want a publisher,” said Bedford Parke. “We’ve got capital enough among ourselves to bring the thing out, and so I say, what’s the use of letting anybody else in on the profits? A publisher wouldn’t give us more than ten per cent. in royalties. If we publish it ourselves we’ll get the whole thing.”

      “Yes,” assented Tom Snobbe, “and, what’s more, it will have a higher tone to it if we can say on the title-page ‘Privately printed,’ eh? That’ll make everybody in society want one for his library, and everybody not in society will be crazy to get it because it’s aristocratic all through.”

      “I hadn’t thought of that,” said Billy Jones. “I’ve no doubt you are right, only I’d think you’d sell more copies if you’d also put on the title-page ‘For circulation among the élite only.’ Then every man, woman, or child who happened to get a copy would take pride in showing it to others, who would immediately send for it, because not having it would seem to indicate that one was not in the swim.”

      Nor were the others to whom the proposition was advanced any less desirous to take part. They saw, one and all, opportunities for a very desirable distinction through the medium of the Dreamers, and within two weeks of the original formation of the plan the club was definitely organized. Physicians were consulted by the various members as to what edibles contained the properties most likely to produce dreams of the nature desired, and at the organization meeting all but Billy Jones were well stocked with suggestions for the inauguration dinner. Hudson Rivers was of the opinion that there should be six courses at that dinner, each one of Welsh-rabbit, but varying in form, such as Welsh-rabbit purée, for instance, in which the cheese should have the consistency of pea-soup rather than of leather; such as Welsh-rabbit pâté, in which the cheese should rest within walls of pastry instead of lying quiescent and inviting like a yellow mantle upon a piece of toast; then a Welsh-rabbit roast; and so on all through the banquet, rabbit upon rabbit, the whole washed down with the accepted wines of the ordinary banquet, which experience had taught them were likely in themselves to assist in the work of dream-making.

      Monty St. Vincent observed that he had no doubt that the Welsh-rabbit dinner would work wonders, but he confessed his inability to see any reason why the club should begin its labors by committing suicide. He added that, for his part, he would not eat six Welsh rabbits at one sitting if he was sure of Shakespeare’s immortality as his reward, because, however attractive immortality was, he preferred mortality in the flesh to the other in the abstract. If the gentlemen would begin the meal with a grilled lobster apiece, he suggested, going thence by an easy stage to a devilled bird, rounding up with a “slip-on” – which, in brief, is a piece of mince-pie smothered in a blanket of molten cheese – he was ready to take the plunge, but further than this he would not go. The other members were disposed to agree with Monty. They thought the idea of eating six Welsh rabbits in a single evening was preposterous, and that in making such a suggestion Huddy was inspired by one of but two possible motives – that he wished to leap to the foremost position in imaginative literature at one bound, or else was prompted, by jealousy of what the others might do, to wish to kill the club at its very start. Huddy denied these aspersions upon his motives with vociferous indignation, and to show his sincerity readily acquiesced in the adoption of Monty St. Vincent’s menu as already outlined.

      The date of the dinner was set, Billy Jones was made master of ceremonies, the dinner was ordered, and eaten amid scenes of such revelry as was possible in the presence of the Snobbe boys, to whom anything in the way of unrestrained enjoyment was a bore and bad form, and at its conclusion the revellers went straight home to bed and to dream.

      Two weeks later they met again over viands of a more digestible nature than those which lent interest to the first dinner, and told the tales which follow. And I desire to add here that my report of this dinner and the literature there produced is based entirely upon the stenographer’s notes, coupled with additional information of an interesting kind furnished me by my friend William Jones, Esq., Third Assistant Exchange Editor of The Weekly Oracle, a Journal of To-day, Yesterday, and To-morrow.

      II

      IN WHICH THOMAS SNOBBE, ESQ., OF YONKERS, UNFOLDS A TALE

      The second dinner of the Dreamers had been served, all but the coffee, when Mr. Billy Jones, of the Oracle, rapped upon the table with a dessert-spoon and called the members to order.

      “Gentlemen,” said he, when all was quiet, “we have reached the crucial crisis of our club career. We have eaten the stuff of which our dreams were to be made, and from what I can gather from the reports of those who are now seated about this festal board – and I am delighted to note that the full membership of our organization is here represented – there is not a single one of you who is unprepared for the work we have in hand, and, as master of ceremonies, it becomes my pleasant duty to inform you that the hour has arrived at which it behooveth us to begin the narration of those tales which – of those tales which I am certain – yes, gentlemen, very certain – will cause the unlaid ghosts of those masters of the story-tellers’ art – ”

      “Is this a continued story Billy is giving us?” observed Tenafly Paterson.

      “No,” replied Bedford Parke, with a laugh; “it is only a life sentence.”

      “Get him to commute it!” ejaculated Hudson Rivers.

      “Order, gentlemen, order!” cried the master of ceremonies, again rapping upon the table. “The members will kindly not interrupt the speaker. As I was saying, gentlemen,” he continued, “we are now to listen to the narration of tales which I am convinced will cause the unlaid ghosts of the past grand masters of the story-tellers’ art to gnash their spirit teeth with anguish for that they in life failed to realize the opportunities that were theirs in not having told the tales to which we are about to listen, and over which, when published, the leading living literary lights will writhe in jealousy.”

      When the applause which greeted these remarks had subsided, Mr. Jones resumed:

      “That there may be no question of precedence among the gifted persons from whom we are now to hear, I have provided myself with a small leathern bottle, such as is to be seen in most billiard-parlors, within which I have placed twelve numbered ivory balls. These I will now proceed to distribute among you. When you receive them, I request that you immediately return them to me, that I may arrange the programme according to your respective numbers.”

      Mr. Jones thereupon distributed the ivory balls, and when the returns had been made, according to his request, he again rose to his feet and announced that to Mr. Thomas Snobbe, of Yonkers, had fallen the lot of telling the first story, adding that he took great pleasure in the slightly supererogative task that devolved upon him of presenting Mr. Snobbe to his audience. Mr. Snobbe’s health was drunk vociferously, after which, the stenographer having announced himself as ready to begin, the distinguished son of Yonkers arose and told the following story, which he called

VAN SQUIBBER’S FAILURE

      You can’t always tell what kind of a day you are going to have in town in October just because you happen to have been in town on previous October days, and Van Squibber, for that reason, was not surprised when his man, on waking him, informed him that it was cold out. Even if he had been surprised

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