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 to enjoy his flat or Carrie, and consequently the depression invaded that quarter.

Meanwhile, he took such time as he could to look about, but opportunities were not numerous. More, he had not the same impressive personality which he had when he first came to New York. Bad thoughts had put a shade into his eyes which did not impress others favourably. Neither had he thirteen hundred dollars in hand to talk with. About a month later, finding that he had not made any progress, Shaughnessy reported definitely that Slawson would not extend the lease.

"I guess this thing's got to come to an end," he said, affecting an air of concern.

"Well, if it has, it has," answered Hurstwood, grimly. He would not give the other a key to his opinions, whatever they were. He should not have the satisfaction.

A day or two later he saw that he must say something to Carrie.

"You know," he said, "I think I'm going to get the worst of my deal down there."

"How is that?" asked Carrie in astonishment.

"Well, the man who owns the ground has sold it, and the new owner won't re-lease it to us. The business may come to an end."

"Can't you start somewhere else?"

"There doesn't seem to be any place. Shaughnessy doesn't want to."

"Do you lose what you put in?"

"Yes," said Hurstwood, whose face was a study.

"Oh, isn't that too bad?" said Carrie.

"It's a trick," said Hurstwood. "That's all. They'll start another place there all right."

Carrie looked at him, and gathered from his whole