4. He is a man of consequence, for many are running after him; his door is thronged with duns; he is inquired after every hour of the day; judges hear of him and know him; every meal he swallows, every coat he puts upon his back, every dollar he borrows, appears before the country in some formal document. Compare his notoriety with the obscure lot of the creditor-of the man who has nothing but claims on the world; a landlord, or fund-holder, or some such disagreeable hard character.

5. The man who pays his way is unknown in his neighborhood. You ask the milk-man at his door, and he can not tell his name; you ask the butcher where Mr. Payall lives, and he tells you he knows no such name, for it is not in his books; you shall ask the baker, and he will tell you there is no such person in the neighborhood. People that have his money fast in their pockets, have no thought of his person or appellation. His house only is known.

6. Number 31 is good pay; Number 31 is ready money; not a scrap of paper is ever made out for Number 31. It is an anonymous house; its owner pays his way to obscurity. No one knows any thing about him, or heeds his movements. If a carriage be seen at his door, the neighborhood is not full of concern lest he be going to run away; if a package be moved from his house, a score of boys are not employed to watch whether it be carried to the pawnbroker. Mr. Payall fills no place in the public mind; no one has any hopes or fears about him.

7. The creditor always figures in the fancy as a sour, single man, with grizzled hair, a scowling coun tenance, and a peremptory air, who lives in a dark apartment, with musty deeds about him, and an iron

safe, as impenetrable as his heart, grabbing together what he does not enjoy, and what there is no one about him to enjoy The debtor, on the other hand, is always pictured with a wife and six fair-haired daughters, bound together in affection and misery, full of sensibility and suffering without a fault.

8. The creditor, it is never doubted, thrives without a merit. He has no wife and children to pity. No one ever thinks it desirable that he should have the means of living. He is a brute for insisting that he must receive, in order to pay. It is not in the imagination of man to conceive that his creditor has demands upon him which must be satisfied, and that he must do to others as others must do to him. A creditor is a personification of exaction. He is supposed to be always taking in, and never giving out.

9. People idly fancy that the possession of riches is desirable. What blindness! Spend and regale. Save a shilling, and you lay it by for a thief. The prudent men are the men that live beyond their means. Happen what may, they are safe. They have taken time by the forelock; they have anticipated fortune. "The wealthy fool, with gold in store," has only denied himself so much enjoyment, which another will seize at his expense. Look at these people in a panic. See who are the fools then. You know them by their long faces. You may say, as one of them goes by in an agony of apprehension, "There is a stupid fellow, who fancied himself rich, because he had fifty thousand dollars in bank."

10. The history of the last ten years has taught the moral, "Spend and regale." Whatever is laid up beyond the present hour, is put in jeopardy. There is no certainty but in instant enjoyment.

Look at school-boys sharing a plum-cake. The knowing ones eat, as for a race; but a stupid fellow saves his portion-just nibbles a bit, and "keeps the rest for another time." Most provident blockhead! The others, when they have gobbled up their shares, set upon him, plunder him, and thresh him for crying out.

11. Before the terms "depreciation," "suspension," and "going into liquidation," were heard, there might have been some reason in the practice of "laying up;" but now it denotes the darkest blindness. The prudent men of the present time are the men in debt. The tendency being to sacrifice creditors to debtors, and the debtor party acquiring daily new strength, every one is in haste to get into the favored class.

12. In any case, the debtor is safe. He has put his enjoyments behind him; they are safe; no turns of fortune can disturb them. The substance he has eaten up is irrecoverable. The future can not trouble his past. He has nothing to apprehend; he has anticipated more than fortune would ever have granted him; he has tricked fortune; and his creditors-bah! who feels for creditors? What are creditors? Landlords; a pitiless and unpitiable tribe; all griping extortioners! What would become of the world of debtors, if it did not steal a march upon this rapacious class?

EXERCISES IN DEFINITION.

1. Society is composed of two classes—debtors and creditors.

2. He is a man of note-of promissory note.

3. A creditor is a personification of exaction. 4. Most provident blockhead!

H

LXXXVI. THE BOYS.

AS there any old fellow got mixed with the boys? If there has, take him out, without making a noise. Hang the almanac's cheat and the catalogue's spite! Old Time is a liar! We're twenty to-night!

2. We're twenty! we're twenty! Who says we are more? He's tipsy, young jackanapes !—show him the door! "Gray temples at twenty?"-Yes! white if we please; Where the snow-flakes fall thickest there's nothing can freeze!

3. Was it snowing I spoke of? Excuse the mistake!

Look close, you will see not a sign of a flake!

We want some new garlands for those we have shed,—
And these are white roses in place of the red.

4. We've a trick, we young fellows, you may have been told, Of talking (in public) as if we were old:

That boy we call "Doctor," and this we call "Judge;"
It's a neat little fiction-of course, it's all fudge.

5. That fellow's the "Speaker"-the one on the right; "Mr. Mayor," my young one, how are you to-night? That's our "Member of Congress," we say, when we chaff; There's the "Reverend" What's his name?-don't make me laugh.

6. That boy with the grave mathematical look

Made believe he had written a wonderful book,

And the Royal Society thought it was true!

So they chose him right in—a good joke it was, too!

7. There's a boy, we pretend, with a three-decker brain,
That could harness a team with a logical chain;

When he spoke for our manhood in syllabled fire,
We called him "The Justice," but now he's "The 'Squire."

8. And there's a nice youngster of excellent pith,Fate tried to conceal him by naming him Smith;

But he shouted a song for the brave and the free-
Just read on his medal, “My country," "of thee!"

9. You hear that boy laughing?—you think he's all fun; But the angels laugh, too, at the good he has done; The children laugh loud as they troop to his call;

And the poor man that knows him laughs loudest of all!

10. Yes, we're boys,-always playing with tongue or with pen;
And I sometimes have asked, shall we ever be men?
Shall we always be youthful, and laughing, and gay,
Till the last dear companion drops smiling away?

11. Then here's to our boyhood, its gold and its gray!
The stars of its winter, the dews of its May!
And when we have done with our life-lasting toys,
- Dear Father, take care of thy children, the Boys!

O. W. Holmes.

LXXXVII. DEATH OF NELSON.

Horatio Nelson was England's greatest naval hero. On the 21st of October, 1805, the memorable battle of Trafalgar was fought off the west coast of Spain. Nelson, with thirty-one ships, attacked forty French and Spanish vessels, and gained a complete victory.

IT

T had been part of Nelson's prayer, that the British fleet might be distinguished by humanity in the victory which he expected. Setting an example himself, he twice gave orders to cease firing on the Redoubtable, supposing that she had struck, because her great guns were silent; for, as she carried no flag, there was no means of instantly ascertaining the fact. From this ship, which he had thus twice spared, he received his death. A ball fired from her mizzen-top, which, in the then situation of the two vessels, was not more than fifteen