over, the promise to redeem it having been made by the Confederate
States; and so the thousands of dollars of Confederate money did not
really have any value.

Those who had grumbled at paying such large sums to get their boots
soled got the best of the bargain, for they had something to show for
their money, while those who held the bills had really nothing but a
handful of waste paper.

No coin had been deposited in the Treasury for the bills that were
issued, and so they had no value whatever.

You can see how very necessary it is that we should have vaults bulging
with money if our business is to go on satisfactorily.

* * * * *

The school-ship _St. Mary's_ has just started off for her summer cruise.

This school-ship is kept by the City of New York for the purpose of
teaching boys how to become sailors.

The vessel is under the control of the Board of Education, and only boys
of the best character are received on board.

If by chance a bad boy finds his way on to the _St. Mary's_, he is
dismissed the moment his evil ways show themselves.

The youths who are admitted to the school must be between the ages of
sixteen and twenty, and they must show a very decided taste for a