The girl looked in Hope's face, and gave him her hand, and did not recognize him.
"Fine girl for her years, isn't she?" said Bartley. "Healthy and strong, and quick at her lessons; and, what's better still, she is a good girl, a very good girl."
"Papa!" said the child, blushing, and hid her face behind Bartley's elbow, all but one eye, with which she watched the effect of these eulogies upon the strange gentleman.
"She is all a father could wish," said Hope, tenderly.
Instantly the girl started from her position, and stood wrapt in thought; her beautiful eyes wore a strange look of dreamy intelligence, and both men could see she was searching the past for that voice.
Bartley drew back, that the girl might not see him, and held up his finger. Hope gave a slight nod of acquiescence, and spoke no more. Bartley invited him to take an early dinner, and talk business. Before he left he saw his child more than once; indeed, Bartley paraded her accomplishments. She played the piano to Hope; she rode her little Shetland pony for Hope; she danced a minuet with singular grace for so young a girl; she conversed with her governess in French, or something very like it, and she worked a little sewing-machine, all to please the strange gentleman; and whatever she was asked to do she did with a winning smile, and without a particle of false modesty, or the real egotism which is at the bottom of false modesty.
Anybody who knew William Hope intimately might almost recognize his daughter in this versatile little mind with its faculty of learning so many dissimilar things.
Hope left for the Continent with a proud heart, a joyful heart, and a sore heart. She was lovely, she was healthy, she was happy, she was accomplished, but she was his no longer, not even in name; her love was being gained by a stranger, and there was a barrier of iron, as well as the English Channel, between William Hope and his own Mary Bartley.
It would weary the reader were we to detail the small events bearing on the part of the story which took place during the next five years. They might be summed up thus: That William Hope got a peep at his daughter now and then; and, making a series of subtle experiments by varying his voice as much as possible, confused and nullified her memory of that voice to all appearance. In due course, however, father and daughter were brought into natural contact by the last thing that seemed likely to do it, viz., by Bartley's avarice. Bartley's legitimate business at home and abroad could now run alone. So he invited Hope to England to guide him in what he loved better than steady business, viz., speculation. The truth is, Bartley could execute, but had few original ideas. Hope had plenty, and sound ones, though not common ones. Hope directed the purchase of convertible securities on this principle: Select good ones; avoid time bargains, which introduce a distinct element of risk; and buy largely at every panic not founded on a permanent reason or out of proportion. Example: A great district bank broke. The shares of a great district railway went down thirty per cent. Hope bade his employer and pupil observe that this was rank delusion, the dividends of the railway were not lowered one per cent. by the failure of that bank, nor could they be: the shareholders of the bank had shares in the railway, and were compelled to force them on the market; hence the fall in the shares. "But," said Hope, "those depreciated shares are now in the hands of men who can hold them, and will, too, until they return from this ridiculous 85 to their normal value, which is from 105 to 115. Invest every shilling you have got; I shall." Bartley invested £30,000, and cleared twenty per cent. in three months.
Example 2: There was a terrible accident on another railway, and part of the line broken up. Vast repairs needed. Shares fell twenty per cent.
"Out of proportion," said Hope. "The sum for repairs will not deduct from the dividends one-tenth of the annual sum represented by the fall, and, in three months, fear of another such disaster will not keep a single man, woman, child, bullock, pig, or coal truck off that line. Put the pot on."
Bartley put the pot on, and made fifteen per cent.
Hope said to Bartley:
"When an English speculator sends his money abroad at all, he goes wild altogether. He rushes at obscure transactions, and lends to Peru, or Guatemala, or Tierra del Fuego, or some shaky place he knows nothing about. The insular maniac overlooks the continent of Europe, instead of studying it, and seeking what countries there are safe and others risky. Now, why overlook Prussia? It is a country much better governed than England, especially as regards great public enterprises and monopolies. For instance, the directors of a Prussian railway can not swindle the shareholders by false accounts, and passing off loans for dividends. Against the frauds of directors, the English shareholder has only a sham security. He is invited to leave his home, and come two hundred miles to the directors' home, and vote in person. He doesn't do it. Why should he? In Prussia the Government protects the shareholder, and inspects the accounts severely. So much for the superior system of that country. Now, take a map. Here is Hamburg, the great port of the Continent, and Berlin, the great Continental centre; and there is one railway only between the two. What English railway can compare with this? The shares are at 150. But they must go to 300 in time unless the Prussian Government allows another railway, and that is not likely, and, if so, you will have two years to back out. This is the best permanent investment of its class that offers on the face of the globe."
Bartley invested timidly, but held for years, and the shares went up over 300 before he sold.
"Do not let your mind live in an island if your body does," was a favorite saying of William Hope; and we recommend it impartially to Britons and Bornese.
On one of Hope's visits Bartley complained he had nothing to do. "I can sit here and speculate. I want to be in something myself; I think I will take a farm just to occupy me and amuse me."
"It will not amuse you unless you make money by it," suggested Hope.
"And nobody can do that nowadays. Farms don't pay."
"Ploughing and sowing don't pay, but brains and money pay wherever found together."
"What, on a farm?"
"Why not, sir? You have only to go with the times. Observe the condition of produce: grain too cheap for a farmer because continents can export grain with little loss; fruit dear; meat dear, because cattle can not be driven and sailed without risk of life and loss of weight; agricultural labor rising, and in winter unproductive, because to farm means to plough and sow, and reap and mow, and lose money. But meet those conditions. Breed cattle, sheep, and horses, and make the farm their feeding-ground. Give fifty acres to fruit; have a little factory on the land for winter use, and so utilize all your farm hands and the village women, who are cheaper laborers than town brats, and I think you will make a little money in the form of money, besides what you make in gratuitous eggs, poultry, fruit, horses to ride, and cart things for the house—items which seldom figure in a farmer's books as money, but we stricter accountants know they are."
"I'll do it," said Bartley, "if you'll be my neighbor, and work it with me, and watch the share market at home and abroad."
Hope acquiesced joyfully to be near his daughter; and they found a farm in Sussex, with hills for the sheep, short grass for colts, plenty of water, enough arable land and artificial grasses for their purpose, and a grand sunny slope for their fruit trees, fruit bushes, and strawberries, with which last alone they paid the rent.
"Then," said Hope, "farm laborers drink an ocean of beer. Now look at the retail price of beer: eighty per cent. over its cost, and yet deleterious, which tells against your labor. As an employer of labor, the main expense of a farm, you want beer to be slightly nourishing, and very inspiriting, not somniferous."
So they set up a malt-house and a brew-house, and supplied all their own hands with genuine liquor on the truck system at a moderate but remunerative price, and