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 self an equivalent to a palatial residence, and keep up, not only it, but half a dozen wives, with a fine taste for dress every one of them. I am not of a trustful disposition and I accept those "losses" with a heavy discount, and know most of the rest of them have come out of my friend the white trader's pockets. Still I can never feel the righteous indignation that I ought to feel, when I see the black trader "down in a seaport town with his Nancy," &c., as Sir W. H. S. Gilbert classically says, because I remember those bush factories.

Mr. Glass, however, was not a trader who made a fortune by losing those of other people; for he had been many years in the employ of the firm. He had risen certainly to the high post and position charge of the Rembwé, but he was not down giddy-flying at Gaboon. His accounts of his experiences when he had been many years ago away up the still little known Nguni River, in a factory in touch with the lively Bakele, then in a factory among Fans and Igalwa on the Ogowé, and now among Fans and Skekiani on the Rembwé, were fascinating, and told vividly of the joys of first starting a factory in a wild district. The way in which your customers, for the first month or so, enjoyed themselves by trying to frighten you, the trader, out of your wits and goods, and into giving them fancy prices for things you were trading in, and for things no earthly use to you, or any one else! The trader's existence during this period is marked by every unpleasantness save dulness; from that he is spared by the presence of a mob of noisy, dangerous, thieving savages all over his place all day; invading his cook-house, to put some nastiness into his food as a trade charm; helping themselves to portable property at large; and making themselves at home to the extent of sitting on his dining-table. At night those customers proceed to sleep all over the premises, with a view to being on hand to start shopping in the morning. Woe betide the trader if he gives in to this, and tolerates the invasion, for there is no chance of that house ever being his own again; and in addition to the local flies, &c., on the table-cloth, he will always have several big black gentlemen to share his meals. If he raises prices, to tide over some extra row, he is a lost man; for the Africans can under-