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176 that the company he kept was of a dangerous character. Two reasons led him to purchase Slade's old mill, and turn it into a factory and a distillery. Of course, he had to make a heavy outlay for additional buildings, machinery, and distilling apparatus. The reasons influencing him were the prospect of realizing a large amount of money, especially in distilling, and the hope of saving Willy, by getting him closely engaged and interested in business. To accomplish, more certainly, the latter end, he unwisely transferred to his son, as his own capital, twenty thousand dollars, and then formed with him a regular copartnership—giving Willy an active business control.

"But the experiment, sir," added the man, emphatically, "has proved a failure. I heard yesterday, that both mill and distillery were to be shut up, and offered for sale."

"They did not prove as money-making as was anticipated?"

"No, not under Willy Hammond's