The evening world. Newspaper, October 1, 1920, Page 32

f i ff pe eka te iiet:, 200 Grape Ole 1600 Grape Via He HMereuie Pauee 400 fuer Proxies 400 Nor Am Paper 1100 Pullip Morris 10 Poetps Dotan 8500 Medio Com .. 200 Ray de Prance . m0 KR J Meveoide 100 Mubmaring teat 100 Seete Ge... 2700 Trienge Film 00 U @ Migh Bod Toot 30% 0% wuRL eu ~~ s0.0 8 Mem 1% 4000 United Profi Mbaring 1% 1M 008 Unned Nee Candy o% 199 Wayne Coal. | ” 9 10 Row . wn ow 200 Tiyan Cone Mh Mme Pot 1 Merity OF 1809 United Tes O1.,.,.. 100 Vietorta Ot new... $00 Waite ON os seu MUNINO. te oes > 2. ee 110 Alas Bre Cot 100 Alvarado Milo 1000 Atienta 1100 Wie Jedar 1206 Newly coe 3000 Rosen a Mont... Dated October 1, 1920 ‘ in denominations of $1 we summarize the following: Men the entire physical pi $9,543,000 Central district be fasued for not mo: leshone : The Ce 1921. This sinking the redemption price of 107\4 la to be ap; issue, will aggregate $2,227,000. pany has now outstanding $60,000,000 in atoc! in the can be used for rate-making and plant as of December 31, 1919, ceeds of this issue of bonds, givin ION AT 95% AND INTERES % a J.P. MORGAN & CO, FIRST NATIONAL BANK, New York BANKERS TRUST COMPANY HARRIS, FORBES & CO. _ Dated, September 30, 1920 Company than 75% of the cash cost of will continue to bear interest, the amount thereof lative sinking fund is estimated to be sufficient to retire by maturity the wh Bonds. During the past ten years the funds required by the Compa have been obtained from the sale of stock mapelemenied by . Dividends have is largely in excess of the THE Apore BONDS ARE OFFERED, SUBJECT TO ISSL SUC EDAD ENTRAR Nt 1.00 Ona m 15900 Gold tone 13.0 Great Meba 100 Movie Mining 1100 ftom Hilo 1909 Jumbo Kaxtematon 8200 Knox Divide 1100 Louisiana Co. 1100 ‘Tonopah Mining, ae ‘Pome Stinpa 1300 Tuma Montane 1800 Tonopah: Heme Fula, 400 0) 8 Continental we Ueity Geld. 4800 United astern, 1090 Vierery 1000 Wont Kas © 2300 White Care ww 19000 Hambure «ve. 15000 Letpee Ate, 8008 Mannheim 49. 18000 Allied Pactter Ge. . 1000 Am Tri M» 22. A | 9000 Armow a 1000 Anglo Amer future, he added. hia issue has been full |. the following advertisement is - Peerted chk nation er eco, am ie $25,000,000 Bell Telephone Company ot Pennsylvania 25-YEAR FIRST & REFUNDING MORTGAGE 7% SINKING FUND GOLD BONDS SERIES ‘‘A” Coupon Bonds in denominations of $1,000, $500 and $100, registerabl ted: 000, $5,000 and $1 ind accrue the Bankere Trust Compa tion of t due in 1943, A ‘ty, provided that the Company's total aurplua, and provided, further, that the than one and three-quar. additional bonded debt shall ne: exceed the then fully pald capital stock a net earnin, wall ‘or interest charges shall be not te ie the Company's bonded debt, including the bonds proposed to be issued. book coat. KIDDER, PEABODY & CQ. ARMOUR LBATHER. J. Owden Armour in Chicago said¢. reports, that Armour Leather might close down or curtall operation are wholly without foundation prices all along the line make it seem % | probable leather business wil! pick up rather than fall off in the immediat | BANKING AND FINANCIAL. for the necessary incre: from conversion of investments. been paid at the rate of at least 6, per annum in every year since 1880, A total of over $19,300,000 from earnings has been invested in the Company's property fase seven years over and above expenditures for current maintenance. The appraised value of the plant of the Bell Telephone Company of Pennsayleania—the only valuation that The book cost of the Company's real eatate was over $87,300,000, to which will be added over $15,000,000 from the pro- total book coat of over $100,000,000 as contrasted with a debt of less (han SPE JT ewer ons Hiss, Ader gem... AO OMY Ady Monwely . e Ty Bh - bid Ad Huwely ft ., O ’ 2 | Abs Witter .... 41 at 8M Cie nem) 1% the Iw aT | Atos Suvena “8 2 ' 1 1 Allie (ther 6. 2 TN HN 4% 4% AL Am vert Chem 4. SE 80 0 MM Am Beet Humes. 73 Tt OTL 6 8 fm Bowen Mag. TRH TL TM 1 10 19 | Atetviann ity % 8 WW Ie] Atenison My, of, TIM 17% 1TH 19 19 PT Attanitic Cont Line 97% IN UTM OT Ag, GoM & WL tat TA | Naldwtn tooo 7% Th alt & Onio . 9% ON) Neth Motom 0.5. 4% ah 4% 4 5 | Meth eteet ... 6% OY GH * | Both tet Bo... ON Ty a 1% | Hoth Mahete .. G6 ON OM 9 | tiktyn tae ‘Trane. 1% Lm 1 hiya Valon Gar a oo a 4 | irae Theor OF WO 2 | MiteGe & tin, T tT FT Tite & Gu... a4 wo » 18 | Cadto Cont OU .., 16% 10 1% " Le Celt Vecking Ww 1618 Cail Metroieunm US 1M 154 | cpnadion Mee 8% 18M 19% | Cone Leathe OM O08 | Canedler 94 | Stem, de hh Creat Went Ob A Socttw hile Cover niin Canoe Chote Poway Col Pol A im Mt he Cob & artery “ a“ Col Ge & co 4 o OP Grecneatene » os ews) Onte oe we OR Cony To aes, Conn Clee Oop Th ww ™ Lower | Grne tee On “i en cared Minn, OM ow we Yoatiental Candy, TM Tam TM votinente: Candy., 10 10% ly or it BANKING AND Due October 1, 1945 Interest ble April 1 and October 1 in New York City without deduction for =~ vat the Pennsylvania four mills tax. sto principal. Registered Bonds 000. Coupon Bonds and registered Bonds and the several denominations, interchangeable, Redeemable, at the 3 ition of the Company, as a whole or in part, on any interest dete upon 60 days’ é notice, at Wiss a i interest. BANKERS TRUST COMPANY, NEW YORK, TRUSTEE. From a letter of L. H. Kinnard, Esq., President of the Company, stating the particulars in regard lo the issue, M of the bonds will be used to fund current indebtedness incurred for construction purposes and Papi aircon for construction through the years 1920-1921, The Bonds will be tesued under a hase ww Pgh iy pogo Firet Mortgage 5% » Trustee, covering as a first property, to the existing jitional bores may timea the interest on ts t to the Trustee $410,000 annum tn semi-annual instalments beginning April 1, vr} hind fa: 4 led to the poder Tribes of Series “A" Bonde by purchase at not exceeding and accrued interest, or by call, by lot, at that price. The Bonds so acquired to be added to the ainki fund as received. This cumu- tssue of $25,000,000 Series *A” As part of the proceeds of this (ssue will be used to retire current indebtedness, interest charges to that extent will be only slightly increased bythia lasue. Disregarding the earnings to come from the expenditure of more than $15,000,000 now provided, the actual net earnings of the Company from its existing plant during the last seven years have averaged $5,056,029 per annum, while the interest charges on its debt, includin this in plant facilitt The Com- 2 AS PLANNED, FOR SUBSCRIP- O YIELD ABOUT 745 PER CENT. KUHN, LOEB & CO. NATIONAL CITY COMPANY, New York GUARANTY TRUST COMPANY OF NEW YORK ' LEE, HIGGINSON & CO. FINANCIAL. et law, Laat, Oha'ee. | ~ 1% Chiitle Mtoe... — 4% Cuban Am Baga... FELT Ht Hees) ite eeet ite HFe ete eee ete esses +] [beeeeteei eet * +e leit 1 [Ove Cane Sumer, 24 ‘Cue Cane 8 if WALL STREE Further sharp recessions in prices of stocks of companies that are sup- she waits in the dining Gen tear One = ma 4 H Posed to be most affected by current 4 [Url @ Haden... 100% 100% 14 + mq AeMation In commodities prices was SS*,, The, may islen | Aspeley Sp | %] Den de ttle OF 4% 8 +% the outstanding feature of today’s [har ARETAL, pening the doo with the 2%) Den, & Tio Ur wf 3h 8 2% — a market. Sugar shares were worst fom the howe ted Aokonfmane? uur, dees 2 | Dome Mine ue U4 UN + w& e e @ hie, white lhe plane am eat alta te eke te ote ee oufterer and unrecorded declines “smith gues bee tive disisoud on ™ se 1 | Rbhorn Com... s OM BT Hone from more than two to five ‘yea: Mile TM, mated aud ao Wo we +2 |polnts, % + %| In contrast with the industrial tat CHAPTER IX, Pa! + H |the ratiroad group advances each suc- ; (Conttwued.) mt <4 Ceding day for” the past fortnight @¢ Jf “™ the exception,” he said. “to % — \|mpparbntly did not make them lems the provers that “s relling er tM lattractive, for many issues made now L erin ober ald ila * Ta |nieh marks tor the current upward paternal ph rs — y%|movement, and eral rest ‘ < ie it, a of thee® vm married I moan to take @ 1 uched new high marks for the year. ‘ ™ +281 he weight of cave ven't decided yet where or how, % +4 - news development# bur it will be somewhere in England. “ +2 | Was again against the Industrial lst. We're looking for a house in London ” th] The break In the sugar sharep was and later we might rent one in ti +m leet along <f ‘ Edad in the price country, two.” 1% + %/ OF raw sugar to 9 cents, a new loW After juncheon they drove five or sorter Com . ‘ _ ro Com, ey i” it i Pha M figure for the present downward six miles in the motor to Vailey Aa yeepedhe “ais ain 112” ay | MOVement. Lower prices for the re- House, a place of Jacobean times. tm Str Sr.” “204 BON ON Bo ips Product are in prospect*ana Thore was an Italian garden, and an DH Mee Marine of 74% TZ 14% + OM) American 8 R ci o ara ey wae ie erican Sugar ening sold at par, Engtieh garden containing every Bite. tears! i Tt tae a 2 | & 1088 OF 5% points compared with flower, plamt and herb mentioned by ot lana Ou ee | the close of inet night. The head of Shakespeare. Bach gardén had a dis- 1 tera Of. BN aml + {the Amertean Sugar Rofining Com. tant view of the sea, darkly framed + toe Pw ae = an : is pany was authority for the statement by Lebanon cedars and immense me | Ketan Wit oo. m8 88 — 1% | that depreciation in tho price of sugar beeches, while the house itself—not “~ . 24 2h + “| this. year represents a loas of $250,- large as “show” houses go—was per- a ay 4 14 | 208.000, whiten, ne sald, “someone must fect of ite kind, with carved stone ae oo Yj stand.” . mantels, elaborate ouk panelling and i 19% 1K — %| The American Smelting & Refining *t@!rcases, leaded = windows, and a By + #4) Company reduced the price of lead to “4suree of portraits, armor, ancient WW Hey 1804 STH cont which in the third reduc- DOCKS ANd bric~a-bruc which would + ; eas 748" | thom that had been put in force during AV remade the family fortune if all 4 teen Muon... + ~ 4 the Jast sixteen days. There were re- wa been heirlooms. is 1% [SAE Glotom It... 10 6 8% porta that big producers of copper jere Was tiot.a picture on the Mas, Mowom ad. ‘ ‘ 4% - ed erngrenyreas wm” St BS Biwere offering the metal below 16% Walls ner an aallaos of Jewsiry it 2 [sts Peiplown.... 187 WK 1ST” + 24 |cents, the figure rocently establisned, Vie inAuy locked Mines cabinela oF Moan aedee “+ m " zr 4 “* Y aA atin, Bady Te ate arg | But this could not be confirmed. Ac- tell the nistory as he guaaed the Nel | Witrade oteat as) yg |tlon of the metas shares indicated son siilihs through bail Kia corridors % Minn ae at L + | that official announcemen: of new Sha rooum with marvellous inouided ‘ a te ° on, vetlings. ‘The Uveried serves bs ‘ T Liew prices for copper might reason~ iy show the crowd over the house had ue ‘Montana Power... - 4 oH bass be expected. While prices for pur a superficial knowledge of 1+ 1% | Middle Staten Ot + wl Meet are now definitely known to fichws compared Wha the lore of the ty | Manan , Saeae 4 tha recently been shaded by infAe- Journalist, and eve editor ae Tor 14 [Na Actne I a ee saaclin hy quay Weekly Messenger became i ee Nel. Auilied .. ay | PF ints, the reductions are consid> Gouge Alenuy popu with the pubiic te [Nat Goutuin — 4 [ered Insimnificant, and it Is not be- t 14 to the compument, A [Nat Keown Sey Neved that there will be positive de- , oloring mito ‘Loruuuy a . ZT M{Yelopments tn this direction until af- wt te end of the afieruvon wilh hie mI; A [ter the return of Judge Gary from pone Tle vine 1 EEN Y, Cnet + 14 | Europe next week Independent steel phat night was his night for going H ¥. Dock we + %|#hares Aleplayed an unsettled tone. co preas, but he found Ume to wrice wih YON We & He 30M + %| Tobacco shares riva in im the paragraph which Neison Smith QS ue Went 208 + 1% | point of strength. The for expected. Next morning a copy of Ue Nortoik & Wowk... 100% +2 |this is easily understood. The price Messenger, wih a page marked, ar- Northern tae 6. OM + 2% /0f tobacco bax declined sharply. and rived at the Knowl thotel, and Nova Seotis Stent... 40% 14 [the large companies were not leaded other, also marked, went to Valley sarge — % 4p with big supplies. Demand Is on House. ‘Oriavoma t | Ontarhe silver Ormene Matting a Parle Devel Com 3% — 1% % + 1% + % +1 % Vere Marquette “Vila Uo *% Vlerce Arrww + % Htiewe on 6 + M + % + w! — & Public Mer, of S.J +18 j Putlwmn Co, +1 “tuna Soaar “ Mail tect Swings + y Copper +h + 1M Sator 1% »Inm Se Weel. +16 Aeghe Siest + 2% a) tae NY + 1% * + 2h Seton + % +6 —6 +16 ‘ “ + % + ™ +s +h + 1h + + % th % +3 Mw +1 + % + % ‘Tranaue & Willian +48 Union Hag & oe 2 + % Py 1 1 lor, Oo, w Metall stim + ih B80, BP ited Food y 8 Ind Mi + J 8 Real & law +3 DS Muiter + 1% 8 Seueitem s 1 8 Steet +s & Bt pf 18% + % | Utah Copoee 0's + 1% Via See 5 10 IVa Caro Chom = OMe Vanadium Steet Cn ‘ 12 s Wabash A am 4) [Wada yf D. ath 1 Welle Fara 10% % Maryland rh rs Went.) ae, Cony e 1% Uns, Thy 1 » % Willa trertand Wille arroctand pt (Witte stocom MEMORIAL NOTICES. There wilt be specint memorial a held in the Synagogue of the. Young Women's Hebrew Asoorintion for our beloved MR JACOB H. SCHIFF on Friday, Oct. 1, 8.80 P. OM, FRANK X. CAMPBELL, FUNERAL CHURCH" Ine. (.sou-Sectarlan) the Increase and prices of clears, cle- arettes have not dropped. Earnings of the big companies are understood to be of record breaking proportions, Motor nnd rupber shares held steady, The short account in the issues is of unwieldly proportion Oils moved irregularly, Food and clothing shares were Inclined to be lower, The wheat and corn markets con- tinued to work lower, Both touched new low prices for the year. What wold at $2.061-4 per bushel, a loss of 5 cents on the day, and corn sold at 917-8 cents, a losg, of about 4 cents, The provision markets also were lower Money renewed at 7 per cent. Phe oreign exchange markets were steady. JAMAICA RESULTS. Firat Race—For two-year-olds; purse $1,768.70: five and « half furlongs: Mul- ciber, 116 (Robinson), 13 to 10, 2 to 5 and out won. Care Free, 108 (Ober 1 to 1 4 to 5, second. Soi . M1 to 10, 2 to 6 and Time—1.06 8-6. “Also ran in Honey Girl, Squaw Man a Claus SBOOND KACK—Tor and upward; claiming; pi one mile and seventy yarda,— Blonde, 104 (Kummer), 17 to 10, 7 to 10 and '1 to 4, Firat, Joe'Joe, 108 (Tanity $ to 1, 2 tol and even, secon); War Map, 102 (Babin), 20 tg i, ¥ to } ant & tod, third, Time, Lak, Also ran In order named, Great Gull, The Wit, Ameri-an Soldier, Tiger Rose and Turt, cleeaippenatin JAMAICA ENTRIES. sath Rn, 18) vila " pard, clahning: ome ube aisl Shim By Oth bate, 1. x King Kenia, 100, keen we, 10; ‘Hor thevegearolis selling ¢ ‘Marie Antoineite,. 112; The," 110; Sis" Clase 148; "Le Gaulle, 110: RACE—The Pleewcomt hantican wy one quarter Clin, Iii; Kayee Rel initew, Checnatrn, 106 ms oF ttre -searolie: Cillew: five nine, 108; Panes, 108). Idle Delf \ desava, 108; Joan Marie, 1B; otorty's Vian 108s Makdeo's Ballet, 130; Clare Prances, i | “SUXTH RACE omy: ain farlony For alt igheroight hand OT eh soot, Apprentice ‘Track beary, LAUREL ENTRIES. LAURDL RACK TRAOK, Md, Oct —The entries for to-morrow's races are JTive Rour Hui Lire seat aida a! iow, 4 Vorw. ”180: (unp,) Iva: Flybng cout, 160} E— "Pare yoar-okls and mile aud. 4 sixtomnth. 0) Auntzal “118. the Mtoinioy Mult tit ta i hg hoki MOTH REE as Nata: urtocgs --Panigh Stor ¥ 4 Muticon. 112: tae uy wily Aa Hrs Oe ae ten “entry 9 Calver Handicap; diner oa Wille anda quarter — Sane Tit: Helledlas. OB: alriad chilkawey Ean, 10, folds and upwant Ta.) 110: Biren ‘Mar Healm. 110 te he Whitatiall handicap aod watwat: 8k firlonga. es St, Quentin, 1M; % Craig HY Ws “uate fet ae w nl Te), asunay Kine iot “Si xTH re) IN Milton Savage's The bride und bridegroom were at breakfast when the paper came, There were also three letters, all for Knight, the Orat which either had received aince their marriage, Knight cut open the envelopes siowly, one after the other, and made no comment. Annesiey could not help wondering if the Countess had writ~ ten, for an Involuntary glance had made ber sure that one of Knigh letters was from a woman; a purple envelope with a purple monogram and a blob of puvple Wax sealed with a crown, ile read all three, put them! tuck into thelr envelopes, rose, dropped them into the fire, watched them burn to ashes, and quivtly re- turned to hin #eat, ‘Then, as if really interested, ne tore the wrapping off the T wenger. Now we shall see ourselves in print!” he said, and a moment later Was reading to Annesley an account of “the two moat interesting guests the Knowle Hotel had entertained this season.” Mr. and Mrs. Smith were described with enthusi asm, They were young and hand some. He was immensely rich, she | was “highly connected” as well aa| beautiful, having been a Miss An- nesley Grayle, related oh her mother's sley-Heton. The modesty of the young couple | wan so great, however, that, though | the bridegroom was a millionaire well known In his adopted country, Amer- toa, and the bride quite closely linked with his lordwhtp's family, they had | refused to make their prow ee ta the cighborhood known to the Earl and Lady. Instead. they had — visited | Valley House with a crowd of tour- | {sts on a public day, expressing the | opinion to a representative of the Measenger that It would be “intru sive’ to present themselves to Lor and Lady Annesley-Seton, They wer spending their honeymoon in Devon. shire, and might find, during their motor tours, a suitable country ¢ to buy or rent win any cnee, thes would look for a house in which bo settle on thelr re- toy to Lond Knight, “Now we'll je low and ne hat will happen.” Wiknnesley. thought that _ nothing ould happen] but she was wrong, The next morning a note came, sy | hand for Mrs. by a footman on a bicycle ‘The note was from Lady Afinesley~ Seton. : | CHAPTER X. Coprtiam. 1996, oy 0, Th ond & MM Milliameon.) SYNOPSIS OF PRECEDING INSTALMENTS. pi ae Ae ste ee ise Nelson | no i these |claimed, frettully, n. ood for Milton Savage," laughed | New " ternoon, though they had intended te private sitting room filled wegesting much money and a Move of spending it. had Knight's favorite frock, one “model dresses” he had chosen her in their whirlwind rush’ for through Bond Street, a white cloth imied with narrow bands of dark fur, and she bad never looked not help thinking her a sat cousin to pick up; aad Nelson Samii was far from being in appearance the rough, self-made man he\had dreaded He was delighted with them both— #0 young, 50 handsome, so happy, #0 fortunate, and luckily so weil bred. He did not make the short conven- tional call he had tntended but stayed to tea and at last went home to give his wife an enthusiastic account of the visit Lord annesiey-Seton had out. « grown such enthusiasms as he might once have had; therefore his account of the cousins encouraged Constance to hope much, and she was not dis- appointed, On the contrary, she thought that he had not sald especially about the man. By the téme dinner waa over Con~ stance Annesiey-Seton had decided that the Nelson Smits had been sent to her bf the Powers that Be, and that It would be tempting Provi- dence not to annex them. Not that she Psy it that*way to herself, for she did not trouble her mind about Providence, All she knew was that she and Dick would be fools to let the chance alip. After dinner Annesley-Seton and Knight followed Constancy and “Anita” almost directly, the former asking hi uewts If they would like to sees of the family traasurea which they could only have glanced at in passing with the crowd the ar day. efore sugar went to binged into alt sorts of extavageaces here,” he sald bitterly, with glance at the deposed Sugar King’s daugh- ter, “Among others, putting electric ght inte this old barn. We'll have an jilumination, and show you some {igen one aad I wish to heaven a i earte, 1 relieve a urgiar would of. ‘OF course the beastly ¢ heirlooms, as I suppose Barty She! We can't sell or pawn them, or f should have done Yac or the other jong ago, The?'re unsured by the trustees, who are the bane of our lives, for the estate. But a sporting lossomed out insures Against ‘loss of think that's the exproasion, pay the premium mysclf—even when T can't pay anything elae!— ary the valuable contents of this are stolen rned, shall benef personally. = a "I don't mind you knowing we're stone Groke,*te Torte on, frankly, “And eve: ow, anyhow, deuce of & hole one di that we'd be in the without shillings which pour ry Pn Bhpaeibos- & the Year round. You see, each object \n the collection helps bring in those shillings; and ‘loss of use’ of a single frig Xeuld be a real deprivation. Bo fair and above boi y 7 five wat, Mbove board. "But thus no return, est, or our burgla: unenterprising, th the States, ‘there’ nothing doing. As he talk peuntered about the (hamenley-etoa into which they had come fron: ta banqueting hall, switohi: bo nore and more of the electric candies lights set high on the walls. ‘This was known gs then the Room of the Miniatures” by ‘the . Who read cata. public, who about ft in ‘Come and look at phanta,"" he went on, when the roar Gimly and economically tit at f was ablaze with light; and Mr, ne Mrs. Nelson Smith Joined him” ex Conmance followed, too, bored resigned: and her — ht paused before a tall, wernt wane cabinet standing in a ‘recess, “See miniatures: he ex. “There are plenty more, but the best aro in this net; and there's a millionaire chan th York—perhaps you cai \s name, Smith?—who has of £100,000 for the tie tits ee Fee ter thirty ttle bits of "I think that must have been the elaon Smith, brought |STe&t Paul Van Vreck,” Knight has- arded, “Ll thought you'd ens! aren't many who'd make - fer, ‘Think what it would tan fs jme If it could be accepted, and F man had not known the seamy side of life co who have guessed the effect of paragraph upon the minds of Lord and Lady ‘Annesley- “LE told you If you bet against me you would bet wrong,” Knight said, when the astonished girl handed the letter across the breakfast table, Even he bad hardly reckoned on such extreme cordiality. He had expected bid for acquaintanceship with the ‘millionaire’ and his bride, but he stiffness In the effort, Lady Annewle ton had begun, “My dear Cousin," and her frank American way was disarming. She wrote four pages of apology for her- elf and her husband, explaining why they had neglected “looking up Mra. Nolaon Sinith when she was Miss An- Grayle," and ended with an invitation to dinner the following evening, “sweet of her, tan't it?” Annesley exclaimed when she and Knight had read the detter through Knight glanced at his wife quix- zically, opened his lips to speak and cloaed them. Perhaps he thought it would be unwise as well as wrong te disturb the girl's faith in Lady Ann y-Beton's disinterestedness, ‘They were duly “at home” that af- had fancied there would be a certain! ¢, feould have the handlin, s of the money. There are tures in the ged oa next door, fancy Saturday to Monda: We never thought much” of. thee, and they're tn a dark place, labeled in the catalogue ‘Artist’ unknown? Sohool of Fragonard’; but he swore they were authentic Fragonards, and would have backed his opinion to the tune of 15,000 pounds for the trio, or |%,000 for the ono he liked best. Tan't it aggravating? In the Chinese ho went mad over some bits of jad jespecially a Buddha noby jever admired." ody ee had “He's one of the few mili collectors who ts really a fudge art jxorts of thing Knight —repited, |"But great Scott! I'm no expert, yet [it xtrikes me these miniatures’ are lwomething out of the ordinary!" | "Well, yes, they are,” Annesloy- Seton admitted, modestly, “Thag queer one at the top ts a Ntoholig Hilliard. 1 belleve he was the firwt of the minioturists. And the two just underneath are Samittel Coopers, |‘They say he stood at the head of the Englishmen. There are three Riche jard Cosways and rather a nice |Angelicn Kaufmann.” (Read To-Morrow's interesting ine stalment) lw