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 and under like circumstances; he made a good bargain of his ideas for the same reason, but at last he was attacked in his tenderest point: this was the question of the traffic in which the "Dolphin" was being employed, and, consequently, the ammunition which was being carried to the Confederates. "Yes, Mr. James," said Miss Halliburtt, "gratitude does not hinder me from speaking with perfect frankness; on the contrary, you are a brave seaman, a clever merchant, the house of Playfair is noted for its respectability; but in this case it fails in its principles, and follows a trade unworthy of it."

"How!" cried James, "the house of Playfair ought not to attempt such a commercial enterprise?"

"No! it is taking ammunition to the unhappy creatures in revolt against the government of their country, and it is lending arms to a bad cause."

"Upon my honour, Miss Jenny, I will not discuss the right of the Confederates with you; I will only answer you with one word: I am a merchant, and as such I only occupy myself with the interests of my house; I look for gain wherever there is an opportunity of getting it."

"That is precisely what is to be blamed, Mr. James," replied the young girl; "profit does not excuse it; thus, when you supply arms to the Southerners, with which to continue a criminal war, you are quite as guilty