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humor of our guest was truly American, the humor of suggestive restraint and exaggeration both. He narrated his experiences, which had resulted in the loss of his fortune and the collapse of his hopes, with a face like a deacon's, and with a quaint and most charming sense of the ludicrousness of the position—a position of which he himself was the cause and central object. He fairly represented that type of men who combine in their composition that which is most practical and imaginative alike; whose energy can subdue a continent, and whose boastfulness would awaken contempt if it were not palliated by the magnitude of their achievements. A humor that is often barbed, but which is most willingly directed against one's self; but, whether directed against the humorist or his neighbor, carries no poison upon its point and leaves no wound to rankle.

"My financial condition," said our guest, resuming, "my financial condition at the time I made this final investment contributed to the hopefulness of my mood, and made me feel the excitement of a reckless speculation, for, though my two cows only cost me seventeen dollars and fifty cents each, nevertheless, when the purchase was concluded, and the goods delivered, and I had made a careful inventory of my remaining assets,—a business proceeding which the average Texan found it necessary to go through about once in two weeks, in order that he might know what his financial standing was, or whether he had any standing at all,—when, I say, the purchase was consummated, and an inventory of my remaining assets made, I discovered that the two cows had swallowed up nearly my entire estate, and that a few dollars of farther expenditure would plunge me into bottomless insolvency. I must confess that this disclosure of my financial condition added zest to the undertaking, and filled me with that fine excitement which accompanies a desperate speculation. I have always felt that another cow would have made a financier of me, and that I could have taken my place among my brethren in Wall Street without a tremor of the muscles or the least sense of inferiority.

"The cows were both black in color; so black that they would make a spot in the darkness of the blackest night that ever gloomed under the cypresses of the Guadaloupe. 'If those cows,' I said to myself as I looked them over, 'if those cows ever do bring forth calves at the rate that the Texan of whom I purchased them figured out on his saddle, they'll put the whole State under an eclipse.'

"I cannot say,—speaking with that restraint which I have always cultivated,—I cannot say, ladies and gentlemen, that I regarded either cow with any great affection. There were peculiarities about them, which checked the outgoing of my emotional nature. They had a way of looking at me through the wire fence, that made me feel grateful to the inventor of barbed wire. I cannot describe the look exactly. It was a direct, earnest, steady, intense inspection of my person, that made me feel out of place, as it were, and caused me to remember that I had duties at home, which required me to get there as rapidly as possible.

"One morning, seeing that the basis of my speculation was near the centre of the field, and busily feeding on the bountiful growths of nature, I crept softly through the wires of the fence that I might gather some pecan nuts under a big tree that stood some twenty rods away. I reached the tree in safety, and proceeded to pick up the nuts. I had filled one pocket only when I heard a noise behind me, and, looking up, I saw that all the profits of my stock speculation, and all my stock itself, were coming toward me on a jump. I was never more collected in my life. My mind instantly reached the conclusion that the pecan crop that year was so large in Texas that it would not pay to pick up another nut under that tree; that the whole thing should stand over, as it were, until another fall, and that, the sooner I retired from that field, the better it would be for me and the few pecans I had about me.

"Acting in harmony with this conclusion,—which to my mind carried with it the force of a demonstration,—I started for the wire fence. I have no doubt but that the line of my movement was absolutely straight. I assure you, gentlemen, that if cows had multiplied in my business connection as rapidly as they did in my imagination during the next sixty seconds of time, I should have been in Texas to this day. The whole field was actually alive with cows. I reached the fence just one jump ahead of the oldest cow, and, seeing no reason why I should take time to crawl through between the wires, I lifted myself over the airy obstruction in a manner that must have convinced that old animated bit of blackness that I had absolute ownership in every nut about me. This little episode supplied me with material for reflection for at least a week, and made me realize that any northern man that enters into a speculation with Texas cows as a basis must keep his eyes open, and not allow his thoughts to be diverted by any side issues, like pecan nuts, while the business is developing.

"The sixth morning after my speculation had arrived at the ranch, my profits began to roll in upon me,—or, to state it more practically, and in a business-like manner, the oldest cow produced a calf. This raised my spirits, and made me feel that my business was fairly started. I went to my stock-book and promptly made an entry as follows: 7523-1. This meant that there were only seven thousand five hundred and twenty-two yet to realize on; that is, if seven thousand five hundred and twenty-two calves should promptly come to time, seeing that one calf had already actually come to time, my herd would be complete. I think, gentlemen, you can readily understand my feelings as I stood contemplating the first fruition of my hopes from behind a tree. The cow was securely tied, but still from habit I took my usual position when inspecting my stock. My mood was very hopeful. I felt as every Texan felt, in those days, when by some accident he found himself in possession of actual property. 'There is a calf,' I said; 'I've only had to wait six days for that calf to materialize. Suppose another calf should materialize in six days.' I extracted a pencil from my pocket and began to figure. I multiplied that calf by six—I mean that at the end of six days I multiplied that calf by another calf. Every time I put down a new multiplier I took a look at the calf, and every time I looked at the calf it multiplied itself, as it were, until I felt the full force of the Texan's statement, save that, the more I multiplied, the more I felt that seven thousand five hundred and twenty-three did not fairly represent the certainties of the speculation. That cow would surely make a millionnaire of me yet—if nothing happened.

"But, gentleman, something did happen, and it happened in this wise: You have doubtless, by this, concluded that the cow was a wild cow. The man who sold her to me had not put it precisely that way. He had represented her to me as a cow of mild manners, thoroughly domesticated, of the sweetest possible temper, used to the women folks, playful with children,—in short, a creature of such amiability that she actually longed to be petted. But I had already discovered that her manners were somewhat abrupt, and that either the man did not understand the nature of the cow or I did not understand the man. I was convinced that, if she had ever been domesticated, it had been done by some family every member of which had died in the process, or had suddenly moved out of the country only a short distance ahead of her, and that she had utterly forgotten her early training. Still, I had no doubt but that her amiability was there, although temporarily somewhat latent, and that the influences of a gentle spirit would revive the dormant sensibilities of her nature. 'The sight of a milk-pail,' I said to myself, 'will surely awaken the reminiscences of her early days, and of that sweet home-life which was hers when she yielded at morn and at night her glad contribution to the nourishment of a Christian family.'

"There was on my ranch a servitor of foreign extraction who did my cooking for what he could eat,—Chin Foo by name,—and to him I called to bring me the large tin pail, which served the household—which, like most Texan households in the Tertiary period, so to speak, of their fortunes, was conducted on economic principles—as a washtub, a chip-basket, a water-bucket, and a dinner-gong. It also occurred to me, as I stood looking at the cow and caught the spirit of her expression, so to speak, that, as she had come to stay, was a permanent fixture of the establishment, as it were, Chin Foo might as well do the milking first as last. Moreover, as the Texan from whom I purchased her had assured me that she was a kind of household pet, the children's friend, and took to women folks naturally, the case was a very clear one. For, as Chin Foo had long hair, wore no hat, and dressed in flowing drapery, the cow, unless she was more of a physiologist than I gave her credit for, would be in doubt somewhat as to the sex of the Chinaman; and before she had time to ruminate upon it and reach a dead-sure conclusion, the milking would be over; and I would have scored the first point in the game, if she was a cow of ability, had any trumps, and was up to any tricks, as it were. So I told Chin Foo, as he approached with the pail in his hand, that the cow was a splendid milker, thoroughly domesticated, accustomed to Chinamen, and that he might have the honor of milking her first. I remarked, furthermore, that, as everything about the place was new to her, and she was a little nervous, I would gently attract her attention in front, while he proceeded to extract the delicious fluid. I charged him, in addition, to remember that it was always the best policy to approach a cow of her temperament in a bold and indifferent manner, as if he had milked her all his life, and get down to business at once; and that any hesitation or show of nervousness on his part would tend to make her more nervous.

"I must say that Chin Foo acted in a highly creditable manner, considering he was in a strange land, and, to my certain knowledge, had no money laid by for funeral expenses; for, while I was stirring the dust and flourishing my stick in a desultory manner in front of the cow, to divert her mind, and keep her thoughts from wandering backward too directly, he fluttered boldly up to her, and laid firmly hold of two teats, with the familiarity of an old acquaintance."

At this point of his narration the stranger paused a moment. There was a sort of plaintive look on his face, and he gazed at the plates with an expression in his eyes of sorrowful recollection.

"I cannot say," he resumed, as one who speaks oppressed with a

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