well-regulated and properly calculated speculation. The plot of land upon which they stood, of which the building occupied only one eighth, was bought two years before for ten thousand dollars. When the plans of the building were completed a month afterwards, the value of the remaining seven eighths had risen enough to defray the cost of the entire construction. He was in a position to tell them that only that morning the adjacent property, subdivided and laid out in streets and building-plots, had been admitted into the corporate limits of the city; and that on the next anniversary of the building they would approach it through an avenue of finished dwellings! An outburst of applause followed the speaker's practical climax; the fresh young faces of his auditors glowed with invincible enthusiasm; the afternoon trade-winds, freshening over the limitless plain beyond, tossed the bright banners at the windows as with sympathetic rejoicing, and a few odorous pine shavings, overlooked in a corner in the hurry of preparation, touched by an eddying zephyr, crept out and rolled in yellow ringlets across the floor.
The trade wind, that, blowing directly from the Golden Gate, seemed to concentrate its full force upon the western slope of Russian Hill, might have dismayed any climber less hopeful and sanguine than that most imaginative of newspaper reporters and most youthful of husbands, John Milton Harcourt. But for all that it was an honest wind, and its dry, practical energy and salt-pervading breath only seemed to sting him to greater and more enthusiastic exertions, until, quite at the summit of the hill and last of a straggling line of little cottages half submerged in drifting sand, he stood upon his own humble porch.
"I was thinking, coming up the hill, Loo," he said, bursting into the sitting-room, pantingly, "of writing something about the future of the hill! How it will look fifty years from now, all terraced with houses and gardens!-and right up here a kind of Acropolis, don't you know. I had quite a picture of it in my mind just now."
A plainly-dressed young woman with a pretty face, that, however, looked as if it had been prematurely sapped of color and vitality, here laid aside some white sewing she had in her lap, and said:-
The young fellow blinked his eyes with a momentary arrest of that buoyant hopefulness which was their peculiar characteristic, but nevertheless replied with undaunted cheerfulness, "I forgot. Anyhow, it's all the same, for I worked it into that 'Sunday Walk.' And it's just as easy to write it the other way, you see,-looking back, DOWN THE HILL, you know. Something about the old Padres toiling through the sand just before the Angelus; or as far back as Sir Francis Drake's time, and have a runaway boat's crew, coming ashore to look for gold that the Mexicans had talked of. Lord! that's easy enough! I tell you what, Loo, it's worth living up here just for the inspiration." Even while boyishly exhaling this enthusiasm he was also divesting himself of certain bundles whose contents seemed to imply that he had brought his dinner with him,- the youthful Mrs. Harcourt setting the table in a perfunctory, listless way that contrasted oddly with her husband's cheerful energy.
"You haven't heard of any regular situation yet?" she asked abstractedly.
"No,-not exactly," he replied. "But [buoyantly] it's a great deal better for me not to take anything in a hurry and tie myself to any particular line. Now, I'm quite free."
"And I suppose you haven't seen that Mr. Fletcher again?" she continued.
"No. He only wanted to know something about me. That's the way with them all, Loo. Whenever I apply for work anywhere it's always: 'So you're Dan'l Harcourt's son, eh? Quarreled with the old man? Bad job; better make it up! You'll make more stickin' to him. He's worth millions!' Everybody seems to think everything of HIM, as if I had no individuality beyond that, I've a good mind to change my name."
"No, but I