there is no position in life in which a man receives so much distinguished attention as when he is a bankrupt,—a bankrupt, that is, of celebrity. it seems as though he had then realized the legitimate ends of trade, and was brought forth in order that those men might do him honour with whom he had been good enough to have dealings on a large scale. robinson was at first cowed when he was called upon to see men who were now becoming aware that they would not receive more than 2s. 9d. in the pound out of all the hundreds that were owed to them. but this feeling very soon wore off, and he found himself laughing and talking with giles the stationer, and burrows the printer, and sloman the official assignee, as though a bankruptcy were an excellent joke; and as though he, as one of the bankrupts, had by far the best of it. these men were about to lose, or rather had lost, large sums of money; but, nevertheless, they took it all as a matter of course, and were perfectly good-humoured. no word of reproach fell from their lips, and when they asked george robinson to give them the advantage of his recognized talents in drawing up the bills for the sale, they put it to him quite as a favour; and sloman, the assignee, went so far as to suggest that he should be remunerated for his work.

"if i can only be of any service to you," said robinson, modestly.

"of the greatest service," said mr. giles. "a tremendous sacrifice, you know,—enormous liabilities,—unreserved sale,—regardless of cost; and all that sort of thing."

"lord bless you!" said mr. burrows. "do you think he doesn't understand how to do all that better than you can tell him? you'll draw out the headings of the posters; won't you, mr. robinson?"

"and put the numbers and figures into the catalogue," suggested mr. sloman. "the best way is to put 'em down at about cost price. we find we can generally do 'em at that, if we can only get the people to come sharp enough." and then, as the evening had fallen upon them, at their labours, they adjourned to the "four swans" opposite, and robinson was treated to his supper at the expense of his victims.

on the next day the house was closed. this was done in order that the goods might be catalogued and prepared for the final sale. the shop would then be again opened for a week, and, after that, there would be an end of brown, jones, and robinson. in spite of the good-humour which was shown by those from whom ill-humour on such an occasion might have been expected, there was a melancholy about this which was inexpressible. it has been said that there is nothing so exciting in trade as a grand final sacrificial sale. but it is like the last act of a tragedy. it is very good while it lasts, but what is to come after it? robinson, as he descended into the darkened shop, and walked about amidst the lumber that was being dragged forth from the shelves and drawers, felt that he was like marius on the ruins of carthage. here had been the scene of his glory! and then he remembered with what ecstasy he had walked down the shop, when the crowd without were anxiously inquiring the fate of johnson of manchester. that had been a great triumph! but to what had such triumphs led him?

the men and women had gone away to their breakfast, and he was standing there alone, leaning against one of the counters; he heard a slight noise behind him, and, turning round, saw mr. brown, who had crept down from his own room without assistance. it was the first time since his illness that he had left the floor on which he lived, and it had been intended that he should never go into the shop again. "oh, mr. brown, is this prudent?" said he, going up to him that he might give him the assistance of his arm.

"i wished to see it all once more, george."

"there it is, then. there isn't much to see."

"but a deal to feel; isn't there, george?—a deal to feel! it did look very pretty that day we opened it,—very pretty. the colours seem to have got dirty now."

"bright colours will become dull and dirty, mr. brown. it's the way of the world. the brighter they are in their brightness, the more dull will they look when the tinsel and gloss are gone."

"but we should have painted it again this spring, if we'd stopped here."

"there are things, mr. brown, which one cannot paint again."

"iron and wood you can, or anything of the like of that."

"yes, mr. brown; you may repaint iron and wood; but who can restore the faded colours to broken hopes and a bankrupt ambition? you see these arches here which with so light a span bear the burden of the house above them. so was the span of my heart on that opening day. no weight of labour then seemed to be too much for me. the arches remain and will remain; but as for the human heart—"

"don't, george,—don't. it will kill me if i see you down in the mouth."

"these will be repainted," continued robinson, "and other breasts will glow beneath them with hopes as high as those we felt when you and the others stood here to welcome the public. but what artist can ever repaint our aspirations? the soiled columns of these windows will be regilded, and all here will be bright and young again; but for man, when he loses his glory, there is no regilding. come, mr. brown, we will go upstairs. they will be here soon, and this is no place now for you." then he took him by the hand and led him tenderly to his apartment.

there is something inexpressibly melancholy in the idea of bankruptcy in trade;—unless, indeed, when it may have been produced by absolute fraud, and in such a form as to allow of the bankrupts going forth with their pockets full. but in an ordinary way, i know nothing more sad than the fate of men who have embarked all in a trade venture and have failed. it may be, and probably is, the fact, that in almost all such cases the failure is the fault of the bankrupts; but the fault is so generally hidden from their own eyes, that they cannot see the justice of their punishment; and is often so occult in its causes that the justice cannot be discerned by any without deep scrutiny. they who have struggled and lost all feel only that they have worked hard, and worked in vain; that they have thrown away their money and their energy; and that there is an end, now and for ever, to those sweet hopes of independence with which they embarked their small boats upon the wide ocean of commerce. the fate of such men is very sad. of course we hear of bankrupts who come forth again with renewed glories, and who shine all the brighter in consequence of their temporary obscurity. these are the men who can manage to have themselves repainted and regilded; but their number is not great. one hears of such because they are in their way memorable; and one does not hear of the poor wretches who sink down out of the world—back behind counters, and to menial work in warehouses. of ordinary bankrupts one hears nothing. they are generally men who, having saved a little with long patience, embark it all and lose it with rapid impotence. they come forward once in their lives with their little ventures, and then retire never more to be seen or noticed. of all the shops that are opened year after year in london, not above a half remain in existence for a period of twelve months; and not a half ever afford a livelihood to those who open them. is not that a matter which ought to fill one with melancholy? on the establishment of every new shop there are the same high hopes,—those very hopes with which brown, jones, and robinson commenced their career. it is not that all expect to shine forth upon the world as merchant princes, but all do expect to live upon the fruit of their labour and to put by that which will make their old age respectable. alas! alas! of those who thus hope how much the larger proportion are doomed to disappointment. the little lots of goods that are bought and brought together with so much pride turn themselves into dust and rubbish. the gloss and gilding wear away, as they wear away also from the heart of the adventurer, and then the small aspirant sinks back into the mass of nothings from whom he had thought to rise. when one thinks of it, it is very sad; but the sadness is not confined to commerce. it is the same at the bar, with the army, and in the church. we see only the few who rise above the waves, and know nothing of the many who are drowned beneath the waters.

perhaps something of all this was in the heart of our friend robinson as he placed himself at his desk in his little room. now, for this next day or two he would still be somebody in the career of magenta house. his services were wanted; and therefore, though he was ruined, men smiled on him. but how would it be with him when that sale should be over, and when he would be called upon to leave the premises and walk forth into the street? he was aware now, though he had never so thought of himself before, that in the short days of his prosperity he had taken much upon himself, as the member of a prosperous firm. it had never then occurred to him that he had given himself airs because he was robinson, of the house in bishopsgate street; but now he bethought himself that he had perhaps done so. how would men treat him when he should no longer be the same robinson? how had he condescended to poppins! how had he domineered at the "goose and gridiron!" how had he patronized those who served him in the shop! men remember these things of themselves quite as quickly as others remember them. robinson thought of all this now, and almost wished that those visits to blackfriars bridge had not been in vain.

but nevertheless it behoved him to work. he had promised that he would use his own peculiar skill for the benefit of the creditors, and therefore, shaking himself as it were out of his despondency, he buckled himself to his desk. "it is a grand opportunity," he said, as he thought of the task before him, "but my work will be no longer for myself and partners.

the lofty rhyme i still must make,

though other hands shall touch the money.

so do the bees for others' sake

fill their waxen combs with honey."

then, when he had thus solaced himself with verse, he sat down to his work.

there was a mine of wealth before him from which to choose. a tradesman in preparing the ordinary advertisements of his business is obliged to remember the morrow. he must not risk everything on one cast of the die. he must be in some degree modest and circumspect, lest he shut himself out from all possibility of rising to a higher note on any future opportunity. but in preparing for a final sacrifice the artist may give the reins to his imagination, and plunge at once into all the luxuries of the superlative. but to this pleasure there was one drawback. the thing had been done so often that superlatives had lost their value, and it had come to pass that the strongest language sounded impotently in the palled ears of the public. what idea can, in its own nature, be more harrowing to the soul than that of a tremendous sacrifice? but what effect would arise now-a-days from advertising a sale under such a heading? every little milliner about tottenham court road has her "tremendous sacrifice!" when she desires to rid her shelves of ends of ribbons and bits of soiled flowers. no; some other language than this must be devised. a phraseology not only startling but new must be invented in preparing the final sale of the house of brown, jones, and robinson.

he threw himself back in his chair, and sat for awhile silent, with his finger fixed upon his brow. the first words were everything, and what should be the first words? at last, in a moment, they came to him, and he wrote as follows:—

ruin! ruin!! ruin!!!

wasteful and impetuous sale.

at magenta house, 81, bishopsgate street, on march the 5th, and three following days, the stock in trade of the bankrupts, brown, jones, and robinson, valued at 209,657l. 15s. 3d., will be thrown broadcast before the public at the frightful reduction of 75 per cent. on the cost price.

to acquire the impetus and force necessary for the realization of so vast a property, all goods are quoted for true, honest, bona-fide sale at one-quarter the cost price.

this is a solemn fact, and one which well merits the earnest attention of every mother of a family in england. the goods are of the first class. and as no attempt in trade has ever hitherto been made of equal magnitude to that of the bankrupts', it may with absolute truth be said that no such opportunity as this has ever yet been afforded to the public of supplying themselves with the richest articles of luxury at prices which are all but nominal. how will any lady hereafter forgive herself, who shall fail to profit by such an opportunity as this?

such was the heading of his bills, and he read and re-read the words, not without a glow of pleasure. one can be in love with ruin so long as the excitement lasts. "a solemn fact!" he repeated to himself; "or shall i say a glorious fact? glorious would do well for the public view of the matter; but as it touches the firm, solemn, perhaps, is more appropriate. mother of a family! shall i say, also, of every father? i should like to include all; but then the fathers never come, and it would sound loaded." again he looked at the bill, again read it, and then proceeded to describe with great accuracy, on a fly-leaf, the dimensions of the paper to be used, the size of the different types, and the adaptation of various colours. "that will do," said he; "i think that will do."

but this which he had now done, though, perhaps, the most important part of his task, was by no means the most laborious. he had before him various catalogues of the goods, and it remained for him to affix the prices, to describe the qualities, and to put down the amount of each on hand. this was no light task, and he worked hard at it into the middle of the night. but long before that time came he had thrust away from him the inefficient lists with which he had been supplied, and trusted himself wholly to his imagination. so may be seen the inspired schoolmaster who has beneath his hands the wretched verses of a dull pupil. for awhile he attempts to reduce to reason and prosody the futile efforts of the scholar, but anon he lays aside in disgust the distasteful task, and turning his eyes upwards to the muse who has ever been faithful, he dashes off a few genial lines of warm poetry. the happy juvenile, with wondering pen, copies the work, and the parent's heart rejoices over the prize which his child has won. so was it now with robinson. what could he do with a poor gross of hose, numbered 7 to 10? or what with a score or two of middling kids? there were five dozen and nine left of the katakairions. was he to put down such numbers as those in his sacrificial catalogue? for awhile he kept these entries before him as a guide—as a guide which in some sort he might follow at a wide distance. but he found that it was impossible for him to be so guided, even at any distance, and at last he thrust the poor figures from him altogether and trampled them under his feet. "tablecloths, seven dozen and a half, different sizes." that was the last item he read, and as he pushed it away, the following were the words which his fertile pen produced:—

the renowned flemish treble table damasks, of argentine brightness and snow-like purity, with designs of absolute grandeur and artistic perfection of outline. to dine eight persons, worth 1l, 8s. 6d., for 7s. 3d.; to dine twelve, worth 1l. 18s. 6d., for 10s. 11?d.; to dine sixteen, worth 3l. 19s. 6d., for 19s. 9?d.; and so on, at the same rate, to any size which the epicurean habits of this convivial age can possibly require.

space will not permit us here to give the bill entire, but after this fashion was it framed. and then the final note was as follows:—

n.b.—many tons weight of first-class table damasks and sheetings, soiled but not otherwise impaired; also of ribbons, gloves, hose, shirts, crinolines, paletots, mantles, shawls, prints, towels, blankets, quilts, and flouncings, will be sold on the first two days at buyers' own prices.

"there," said he, as he closed down his ink-bottle at three o'clock in the morning, "that, i suppose, is my last day's work in the house of brown, jones, and robinson. i have worked, not for myself, but others, and i have worked honestly." then he went home, and slept as though he had no trouble on his mind.

on the following morning he again was there, and messrs. giles, burrows, and sloman attended with him. mr. brown, also, and mr. jones were present. on this occasion the meeting was held in mr. brown's sitting-room, and they were all assembled in order that robinson might read over the sale list as he had prepared it. poor mr. brown sat in a corner of his old sofa, very silent. now and again, as some long number or specially magniloquent phrase would strike his ear, he expressed his surprise by a sort of gasp; but throughout the whole morning he did not speak a word as to the business on hand. jones for the first few minutes attempted to criticize; but the authority of mr. sloman and the burly aspect of mr. giles the paper-dealer, were soon too much for his courage, and he also collapsed into silence. but the three gentlemen who were most concerned did not show all that silent acquiescence which george robinson's painful exertions on their behalf so richly deserved.

"impetuous!" said mr. sloman. "what does 'impetuous' mean? i never heard tell before of an impetuous sacrifice. tremendous is the proper word, mr. robinson."

"tremendous is not my word," answered robinson; "and as to the meaning of impetuous—"

"it sounds well, i think," said mr. burrows; and then they went on.

"broadcast—broadcast!" said mr. giles. "that means sowing, don't it?"

"exactly," said robinson. "have not i sown, and are not you to reap? if you will allow me i will go on." he did go on, and by degrees got through the whole heading; but there was hardly a word which was not contested. it is all very well for a man to write, when he himself is the sole judge of what shall be written; but it is a terrible thing to have to draw up any document for the approval of others. one's choicest words are torn away, one's figures of speech are maltreated, one's stops are misunderstood, and one's very syntax is put to confusion; and then, at last, whole paragraphs are cashiered as unnecessary. first comes the torture and then the execution. "come, wilkins, you have the pen of a ready writer; prepare for us this document." in such words is the victim addressed by his colleagues. unhappy wilkins! he little dreams of the misery before him, as he proudly applies himself to his work.

but it is beautiful to hear and see, when two scribes have been appointed, how at first they praise each other's words, as did trissotin and vadius; how gradually each objects to this comma or to that epithet; how from moment to moment their courage will arise,—till at last every word that the other has written is foul nonsense and flat blasphemy;—till vadius at last will defy his friend in prose and verse, in greek and latin.

robinson on this occasion had no rival, but not the less were his torments very great. "argentine brightness!" said mr. giles. "what's 'argentine?' i don't like 'argentine.' you'd better put that out, mr. robinson."

"it's the most effective word in the whole notice," said robinson, and then he passed on.

"tons weight of towelling!" said mr. sloman. "that's coming it a little too strong, mr. robinson."

this was the end of the catalogue. "gentlemen," said robinson, rising from his chair, "what little i have been able to do for you in this matter i have done willingly. there is the notice of your sale, drawn out in such language as seems suitable to me. if it answers your purpose, i pray that you will use it. if you can frame one that will do so better, i beg that no regard for my feelings may stand in your way. my only request to you is this,—that if my words be used, they may not be changed or garbled." then, bowing to them all, he left the room.

they knew the genius of the man, and the notice afterwards appeared exactly in the form in which robinson had framed it.