number of certificates of indebtedness. The faith of the Company was
pledged to redeem these certificates with stock, upon presentation. Mr.
Little demanded a compliance with this contract. The Company could not
refuse him, and the stock was issued to him. With it he met his
contracts promptly. The result was fearful to his enemies. This sudden
and unexpected issue of new stock brought "Erie" down with a rush, and
the sharp witted operators who had bought either at par or at a
premium, solely to ruin their great rival, were ruined themselves,
almost to a man.


A "DEAR" SALE.

But a short while ago, a house in Wall Street, which had ventured too
far in its speculations, failed. It settled its liabilities honestly,
but had not a penny left. One of the partners had used U.S. bonds to
the amount of fifteen thousand dollars, belonging to a relative, and
these had been swept away. Whether for the purpose of replacing this
amount, or for his own benefit, the broker resolved to get possession
of a similar amount in bonds at once. The failure of his house had not
become generally known, and he determined to lose no time in his
operations.

Proceeding to the office of a well known house, one morning just as
business hours opened, he asked for fifteen thousand dollars worth of
Government bonds, and offered the cheque of his firm in payment for
them. Being well and favorably known to the parties, his request (which
was based upon the falsehood that he wished the bonds to fill an order
for a countryman who was in a hurry to leave town, and that he had not
the amount in his own safe), was complied with. The bonds were