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10 s THE, EVENING WORLD, TUESDAY, MARCH - 9, 1920. s( IS THIS PROFITEERING? f FINANCIAL NEWS HOW DRY GOODS' HIGH COST LOVE'S CLOSING STOCK HELPS SWELL THE PROFITS OF QUOTATIONS J A BIG RETAIL COMPANY llirt. lt. ('. nijto. Low. but CJii'i. Kot By MAY .... Mr. llwrwly ...... 40 40 Hit 11. M. It. 1 S S8 2 AJa Jluhtm- - ) 7S 7S lot KMkI 31 3t ai H With the cost of shoes and other necessities mounting higher ana higher eighteen month after the armistice teas declared. The Evening World y begin a survey of the Increased profits of corporations engaged in the manufacturing and handling of clothing and food. The attention of Attorncf General Palmer especially Is called to The Evening World's articles. MAY DEPARTMENT STQRES COMPANY In previous articles of this series It lias ben shown that big corpora tions, producers of necessities on a factors In their particular lines, havo not been hurt by the higher taxes nor by the higher costs of doing business; prices havo been ndvnnml to an extent sufficient to not only covor Increased operating costs and taxes but to Immoderately add to profits as well. Higher prices charged by manufac tarera might naturally be expected to cut Into profits of retailers, Imt In tbe vernacular of Uie day they have \passed tbe1 buck\ to the consumer and In tho process of passing It they havo added enough to their sales prices to mvoll their own margin of profit after paying higher wages, higher taxes ami the higher boat of practically every item making up their expense account. An Illustration of this la furnished by tho May Department Stores Com- pany, whoso ohftln of retail stores now do an annual gross business of more than Jio.ooo.yoo. This company was formed in 1910 and has fixed assets valued at T&.077,-08- 5, not including estimated valuo of leases. Against this tho company has $8,600,000 of preferred stock. The common stock outstanding represents \good will\ and trade nam oo. Slnco 1315 the May Department Stores Company, In spite of higher cost of materials and the higher ex- penses of doing business, has been able to gradually expand its margin 'of profit on each dollar of business done, and has so Increased earnings available for dividends that reports, apparently liavlng the stamp of au- thenticity, arc being heard in Stock .Exchange circles that tho company will shortly cut a \melon\ for stock- holders, t (During tho past threo yon, when prices of all kinds of dry goods have been soaring, the company hns stead- ily reduced the ratio of lt operating expenses to net onion and lias piled up tbe blpfcst earnings in its history. In 1916, before the cost of dry goods begun to tax the consumer's purse so heavily, the May Department Stores Company did a business of (23,109.-00- 0, and saved 7.19 cents out of overy dollar of business for net earnings. After making depreciation charges, paying taxes, &c, it paid a dividend of 1 per cent, on Its preferred stock and had a balance remaining equal to $5.77 per share of cmtnon stock, which as previously stated was Hsuod against \good will\ nnd trade names. In the year ended January 31. American Walnut Queen FUNERAL DIRECTORS. softlo so large tlmt they nro dominant that 1910, the company! sales amount- ed to $41,179,000 and in ipito of higher pricu charged by manu- facturer!, of higher wago costs, Ac, It savod 12.09 cents out of every dollar of buaineis. compared with 7.49 cent in 1915, and it earned $15.80 for each share of common stock, compared with $5.77 In 1915. Furthtrmore, bo-fo- arriving at the dividend bal- ance for the 1919 fiscal year the company deducted from earnings $1,600,000 to cover income and ex- cels profit taxes, a sum equal to more than an additional 1 por cont. on the common stock. That the company has not ibeen hurt by the higher oost of living, but Instead has steadily expanded Its margin of profit on each dollar of business, is clearly shown by tho fol- lowing: Itatlotip. Ijarnrd tr Ynr mdtd Nft to tirt gait. alar com- - Jio.il. Mt- -. p,rmtt. item mwk; 1910.... $41,179,201 87.91 $15.80 1918.... 35,C31,nC0 88.08 1C.82 1917.... 30,347,482 8S.72 in. 83 1916. . . . 23,309,802 90.73 7.90 1G15.... 25,409,150 92.51 5.77 It Is said In financial quartern In n. poHitlon to know the facts that when oarnlrvgs for the llscnl year ended .Ian. 31 last are made known It will bo found that nil previous high records set by the company will be toppled over, and that Uie mininon dividend hnlanre, after deducting taxes, will bo found to be approximately $25 per Hlmro. In 1915 nnd 191(! the dividend on tho common stock was '2i per cent. In 1917 nnd 1918 6 per I'ent. was paid, and In Docemibor last Uio rato of an- nual payment was raised to 7 par cent. Now that the Supreme Court has decided thnt stock dlvJdendn nro e, Wall Street expects that tho company will glvo common stockhold- ers n stock dividend of 33 per cent., which will be ohnrged against tho surplus earnings piled up In recent years over c:i!i dividend payments. Yet, despite tl li great expansion In profits under i omi.tlona supposedly adverse, there e.tnnnt be Raid to bo any di finite mdn-ntlon- of nn mm.-li.- '- ri'diK' inn in tit y if xxl.s prices i PUNERAL DIRECTORS. 1 Anne Period $OQC.OO J \Against Heaven's Hand\ By DR. BERTMOLD A. UAER. \Against HcavSn's hand or .will I nrgiio not nor bate a jot of heart and hope; but I will bear up and steer right onward,\ wrote Milton. Beautiful and inspiring words aro tho?c. But it takes more than mere words to \bear up and steer right onward\ when tho heart Is bent down with grief and tho world seems dark and hope is rolling down hill on a ball of glass. In tho far distance you see a tiny stono. .. .there the ball mutt strike though tho road is wide and the stone small, you cannot see anything else but calamity .... Says Milton, \Bear up and steer right onward.\ There is only one placo in this great city of ours where Milton would havo found inspiration for his poem had he lived to-da- y: at The Funeral Church, Broadway at 6Cth Street, founded by Mr. Frank E. Campbell. It is there where thousands find peace and con- solation. Beauty is a solace and a peace; you find it in The Funeral Church. The beautiful surroundings give you strength; tho inspiring service gives you hope. Strength and Hope help you to \bear up and steer right onward.\ . 1 . 2 . 42K .ii;h .1! .im IS I'M '4 1 ss 41 m ili 43 1S7 113 41 m 301 ae'i 1(U Kt , l HVi 005, tH ai im lVi w an iar 4t Wi S7 SOU tw 4l M 7 SS ISO 117 31 li Jt W'i M 1 H M, l.SVi 21 7Vi 3. i JO 1SI W '4 137 S7'i U S7 eMi u 10 87 1C ra 4. ' 0 Si'i M 47 n \1 3U Ml 10 Wl 1U5 215 I 410 1SI4 in 7 1H4 12 en im 14 V ai TT 119 OTJi m us 17.1 Uft iin ;iu'. 71 Tl H7 7S HSU 1)7 Ik) or. 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MuUm IldUl. 1 i;ui. tnfi n SUmMi Vk4wtlc. . li lluriM Jrm 1004 Ilutto t'u,. At Zinc llmta & .. -- l IhKlwl, Cju mi; VJ,l Out. Oil..., Oil. VMbUi Wi Pvithik-iim- . . . . . 30\. .l. IVlAilnim l. 71 AnAtHan ,, iltrJ ltUr. ... hO Vm lt- - ... 'k ClxnJIw Ololof Ml Clui It Olilo IS', am i: mi- - itj 40 V. Jt .V t I\ Jljr It Chi I'nw Tirol Ohl. Jt 1 A: JWi... , An Chi. (Mtun ltjr.; 10V1, Jil. (!a--t M'twt. .. 3l',4 Ohl. At .Vo'tt.nt ltjr. K) u-- j ivin- ns (Hii!) v.,5t :ti 3. a O. A At U CO Vd. Purl fit lruu .. 40U Oil. A Noutiiera .. V'i Col (lu KV . 50H :tilii.TwU Ornii. .. I.H't i'ak 04a S7 Con. Cltfar COtji... fiH Uw. iu Oj Kli o.n. liu-O- Jllui. 1H Ci.it. Cn .... f7 (Vit. Cmlr . 10 i Ctmi K7N Oitu J'mI. iM. luat ior. '4 Cmcl8.k M-- l ill! 2W - Cn. Ctuio Hiwu 4IU 41 Oidt. Aui. ejiut. 410 410 0 Cui. Tdit. Cp. .. SSi 2MK Iirl. Uwk A Wirt.'. 181 IM T ICSH S. Uio dr. . . IK 7 Iii-- fit ltln (Irpf.. 15H IS IKHllCrt SUum Ui 12 Ourliiun lltwlrrjr . . . M 50 tlCti(tkiti4t.JliiM(oii . l(li 307 2 Krip I'.H in 4- - t,nt I y. 24 I .ummA i'Uyrr. ... 7M 77 frtwln-- r JWly 1VU 120 o ItlT BSi s ivuii -- 11 24 S .V Wit ian Itt 1 ilvner CCHia .... 181',, 381 4- - 1 u.til tuir IW 4- - J Blutrio. .. . 1U1, lbtt 4- - 1 tintrAl iMottim, .... cut 12 11 Oni. itnuiti IM. .. ran 73 4- - S HnntrkA 7- -S 71 iiratdlv atlntna .... 7 37 (Iroal .Nor. Itr. I. 7m; l ilnt 'Nor. On.... 3Ni 3N iiuir ut. Atvi .. OSli 07 HmMCI & 01 UiaiuHttWi Mln. .. V, W - 0 I'llnota IViit K1S IO T laijmthm ijOfticr, Sl'a S4 jnUirtiiro. Vm. ... 4 4 i Vui it.. ia 33 Int. Aicrl. Oim. .. lS'.i 18 Itil. illiur,!4-- r .... ISO 127 4- - 3 Int IMrr. Mwliw. . :?4 THE OUTSIDE MARKET Plilrrn. ltlrti. low. Laal l run Annour Ualhrr lflft 1U K.Vt J oo Am Huiar 43 42 4.1 UIHl (limral Ajialt 0.1 HI PIS 1100 rioldwm 2S St 3ft U00 Indian ll II in, 1 10U I.IM; MrNrll 2 J n r.DOD Huhraarlni! Unit l lg la SdfMl II H HI ram J 3 ;1U BANKING, AND FINANCIAL. Watch the stars In front of the Moeki llatn In our ImrhtoiV Ilnlletln K at'lit free tu h Uiuae luterrnted. Iluv flood Sfork A'Otr from in at on ffte One Yrar to Pay\ Plan, i Uctalli upon rcquut. J Harry A. Cochrane & Co, 67 Exchange Plsce, New York Rector 63 DIED-- . IIAICirn. WILLIAM. Berirlce CAMP UV.l.t, KUNUIIAL CUUIlOJI, Broadway, COtb at.. TuexJay. 2 1 M. 1101 TKI.I.K. VK8TA. Prrvtcos 1IUUL, rU.VElt.VI. OIlUllOll. Uro.ulr.ay. 60th aL. Tueuday. 3 1'. M, 1)U1T .DIIIAN. I.yiiwc in Mate at tho CAMl'ItUM. ITJNEltAi. OIIUIICII, Ilroaatnay, 6 Ota at. HllltlJUII.-JCMKI- 'll. Sirvtei C1AMP. 11I3L.I. FUNBltAL CHUltCJl. rtroidwar OSth aU. Wednesday, 10 A. M. HVI.VIA. MAY. Services OAilPnEl.I. VUM.11A1. fllUlHII. HroaUway, eU et., Wedneadny, 11 A. M. LO ST, FPU Np AND REWA n DS. UWlWllunond pwidaitl lvUl. (JmHay uJ,Z lu. ou Um oay lam lAindou Caalno llAini , .a. 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If IS 17 7100 Itenrr CirOUp A i A :ui00 Siirr Kln( of Arl... it S II S0IW 'Kllnr Kln Dlrl...., I C 6 7700 Tono Illlld SOUO Tonepah Ili-- 10 10 19 9000 United lkiUra 311 9a 311 i'OOO 'Wtilta Cafl 13 IS li 1.W0 ilte Cal VM 3S2 1400 Mraticrt , e c ow :ow Virrtmion , 4 i Itailroad slmroH became loadcra In I lie stock iiKirket Now' opU-mlH- in rccardlne theso Bliurcs was from n decision of the Supremo Court, itailroad men ntato that this decision menus many humlivd of mll-Uor- w of ilollarH to railroad as u whole, nnd thnt It will add materially to tho prospective fretgiit rato In- crease. Transcontinental sharea were most prominent, It was noticeable, Jiowevcr, that n tho ftosslon prostvssed industriai were unalblo to hold their morn- ing trains. Call rtindH to-d- loaned at S per cent iind bunkers do not unllclpate a permanent reduction on tho rato until tlio roherve position of the New York I- - edorul Itesorvo Uank is substantially Improved, nf The Most . Sic gave her heart to him the day they met. Yet a cloud oj hung over his life. Was it a hidden pant? Was it a dual Thrills and and blend in each Miss May has too ten with rare skill this story of hearts, (cnriifct, i:o. SYNOPSIS OF l'HKCKDIXG CHAPTERS. Hfairlj lltrHi, a tytutiral ouns Knclltli slrl. U tovcil br Hand Uurkf. a wcalthT rftuntrr fftntla-na- tut nitcu bit Hill. Jidi Ualtui. Loudon anlat. It Injured In a. motor accldmt mar brf Ixrm. and whrn HlulY baa utin ba.-- lo baltli b aafca lor btr haod. lbc art to In, niarrl,d. ut whUa Ualton f. to Loodou to bur the wedUtutf rlu a woman uauwd LuelUe Pirania abpeara on tht miw and riaima that it ia urr biuband U aaya tbat Iter Here inarrlrd hi tloutu Alrlc and tbat be dmrted bu Ihrre. Hbiruy will uol belkie the tor until bucillc abowa hr nurrlaae wruneate awl lboioraHi of bfra)f and J,u lak.n totftther. Jlui dtulta Uirf atorr. and alter a aUirtnr o lie Ifatr HhUkr. Tbrr an taur reronelled. but llurke, Wottllu to ln Mhlilej'a loe from pallon, catHra t Hotith ATrk-- and rereUea furtbr eounnuatlon cf tbe marriage with l.uetlle lltrane. Dalten. and doMintartrd. le walking alow tbe Tbanwa Kintwuiluiivnt Ua be la attaekeit by a footpad. The man proiee 10 be bta t couaui. an nart double, and also namtd Jim Daltou. lie thu be la tbe buaband ol Lucille. Uuike In ma ItOj tact, but ronreala It from Kblrlrjr. and iir im girl le rebtird by um in a iaihjou aium, ane lurna 10 uitiu lor inenuMiie. twlletbig tbat H wae ber Jim wbo robbed her. llurke. playa on her einotiena. aiid with the or Jjt alaler rerret tblrlty to rooaent to luartlage with hint. ciiAPTim mi. THK (ilKl. FK0.U (JJIELSKA. lfIRL.l3V waa walking with Mr. bv, afternoon. IKwa The latter ludy was in high with her hjother was now \un \We really ought to be looking at trousseaux, t supposo the wedding will take placo fairly soon.\ Intense curiosity shone, on the lady's coun- tenance. 'There Isn't any reason why cither of you should wait!\ \Oh 1 don't know,\ aaid Shirley, languidly. \Perhaps in the autumn that woujd-bt- time enough.\ and autumn leavoe that ought lb make a pretty wedding!\ Mrs. Arnold turned 'to Shirley. \Will you havo little pagos aud \little girl attendants, dear? Or grown up bridesmaids?\ Til have to think It over,\ a.miwcreu amney, trying intuso a lliue interest into her roply. But she felt Immensely troubled. I For this \trial engagement\ had do- - bo waiting for you at tho train to- - vcloned into a kind of octopus, whoso tentacles gripped her around on every side. To begin with, Mrs. Arnold had spent the entire morning at tho tele- phone, spreading the glad tidings everywhere. Already Shirley had threo telegrams of congratu- lation. She would have ecn infinitely r.iorc worried had sho Known tnni io-- I morrow there would be a notice in nil tho principal London papers nn- -' nounclng her forthcoming marriage. \Let's have a cup of tea, dear. With a proprietary air, Mrs. Arnold swept Shirley into Fuller's. They climbed tho staircase to the ' balcony. The place was crowded. Not a vacant uiuie. In nn alcove In one corner sat n rather couple a man n,t n rriri. Tho clrl was thin nnd with straight, bob- - r.1l .e,i imlr. restless dark eyes, anu au- - in-o- piece frock of a queer \art-- y color much bends. Tho man bad lon&tro a shave, and wore i IlowlnB tie of a dull Erefcn shade. Both were smokinc clrnrettes. At slBht of Shirley, tho Birl- - rose to her feot nnd waved Who on earth is that young woman?\ Mrs. Arnold adjusted her lorgnette \An extraordinary young creature!\ she added, staring through the glasses. \Why why It's Vlvlan'.\A pleased flush mounted to Shirley's cheeks. Sho used to bo ax ooiirumi. ouuw. wtin mo. I '- - n'YJ\'V r.Ah dar- - 5i?..12\1 y \A freak vou moan!\ Mrs. Arnold tried to hold Shirley back. \You aren't going to speak to her\ Hut alias Vivian, in a couple of i,i js'tnml rlcht before them, liivimlncr. \Why Shirley Marsh I'm Just de- lighted! Of all tho pieces of good luck!\ Sho nodded patronizingly at Mrs. Arnold, while that lady gasped. 'There are two vacant seats at our tablo como on over at once!\ Shirley effected tho necessary In- troduction, and pretty soon sho and Mrs. Arnold found themselves at the llttlo tablo in tho alcove, seated oppo-alt- o Miss Vivian nnd hor long-haire- d friend. \I'vo gt)t tho sweetest llttlo studio In Chelnea! When'll you como nnd nco mo?\ Miss VivliHi punctuated her rortmrka by a ecrles of Jerky un- dulations. At every movement the glittering strings f beads sho woro Jangled together. To Mr Arnold's critical eye, llobomla was writ largo on tho young woman'o forehead! \Awful! I must got Shirley away from her!\ tho former thought nut Shirley hadn't looked so happy or so animated for a long time \Vivian let me eoine and see you after ten! I've got to catch a train down to Surrey nt 7.S0. Hut there's lots of tlmo between now and then.\ Thereafter ensued a conversation which vaguely disquieted Mrs. Ar- nold. Vivian's \onroer\ was obvi- ously stimulating Shirley. She recol- lected that young lady's previous \hankerings.\ Tho matter must bo dealt with hero and now!\ \MIps Marsh Is engaged slie'n shortly to bo married.\ Mrs. Arnold hurled her news like a little bomb on Vivian. Tho latter damsel dropped her ciga- rette on tho whlto tablecloth, whero It started merrily to \burn a little hole. HerJIps had fallen apart In sheer and dismay gleamed In her dark eyes. \CANKERS.\ CiS11- - Shirley you yo rene-\En-ha- ( 1 gnde!\ sho cried gnged! I wouldn't bolloved it of you! Why, only a couple of years ago don't you remem-bo- r how you and I planned our 'ca- reers?' I as n painter you as let mo think oh, yes, a writer! Oh, Shirley. I'm sp disappointed\ Mrs. Arnold roso to hor feet Sho couldn't stand this sort of conversa- tion any longer. \I'vo qulto forgotten an appoint- ment that I havo ut home. You must oxcuso mc, Shirley.\ Sho nodded coolly to Shirley's new-fou- friends, Tbcnt \Don't fort that, David wUl maul. In Hf.'SlVtert' to bj 111! CtlUUo.) Arnold in Itcgcnt Street the following good humor, for Shirley's engugement fult accompli.\ nignt!\ bho mvept away. \Whew-w!- \ murmured Vivian. \I've evidently put my foot In it. Who's David, Shirloy?\ \Her her brother,\ stammered Shirley. \The man that you're engaged to?\ Shirley nodded miserably. Vivian gave her merry laugh. \Cheer up, my dour don't look bo blue one would think It was your fu- neral! Though\ her voice took on a candid note \personally I shouldn't euro to havo such a for a sister-in-law- !\ Shirley looked vexed. \Mnybo' you'll think better of It.\ went on Vivian, In her way. \I'm not going to nliow you to throw yourself away, Shirley, dear!\ Kiesh tea was brought. And big slabs of lcod etike. Vivian. Shirley and tho long-haire- d ar 1st known as \Jimmy\ partook of n Iineirfv nin.'i Then \Jimmy\ rose. He lifted a square, Cat packet from tho floor. \I'll havo to ltxivo you now. 1'vo got to go and see thoso art editors this afternoon before their offices close.\ \Oood luck to you, old boy!\ cried j v iviuu uuisti-ruusiy- . ric noouuu 10 tho two of them and doparted. \A dear boy awfully clover but with no cnpaclty for making money!\ explained Vivian after ho 1ind gono. She lonnt a little forward, with her dark eyes fixed on Shirley. \Why don't you lenvo matrimony alone for a bit, and havo a shot at a career? It's lots of fun!\ ' \I'd love to come down and ace your studio.\ murmured Shirley Together they left tho tearooms, hailed a taxi In Hegent Street and sped toward Chelsea. \Now that I've bumped Into you I'm going to keep a weather eyo on you!\ Miss Vivian adjured her. Bhe was 'genuinely attached to 'Shirley Marsh. As for tho latter, !he began to feel revived. She had a suf- ficiently strong strenk of the in her to enjoy Miss Vivian's Toint of view, her . . . \My stuillo's In tho oldest on tno river rront, procceueu viviau oagcrly, \and the most delightful kind of people work there, too! I'vo lota of friends\ Thoy woro whirling down now. \Look! There's ono of tho clover-o- st artists In the quarter and the nlcetit too!\ Vivian pointed out a tall young man who was walking In a direction facing tho taxi. \Toko a good, square look at him, my dvu- - for Dalton is a genius!\ Shirley swung around. Fot. a elnglo nuimimt hor eyes met JlnVs. Ho started, fluuhod and rained his hat But Shirley, with a look of supreme contempt on overy lino of hor pretty face, stared at him haughtily nnd de- liberately cut him deeid! TUYIXG IIKll WINGS. was nmuslng. Sho had a bright way uf saving things un original point of view. And, sooted In her big. bright studio. Shirloy J)ogan to enjoy lions alf. \And so you've left homo. Vivian, nnd nro living 'on your own'?\ Vivian nodded anil her dark eyes 1 ..1 t.. .........tt ..K...... 1..., ul.n C.i , j... i,,.( HUH Ull Uir l'l IIWIUHIU iimunui, uuuuii lier .... .... Her tnnilth miaht lio a slmdo too - large for actual 'beauty, but it was generous. It's corners denoted a sense of humor. And her eyea ilark. vivid, full of magnotiMm were really line. \Of course. I'm living on my own! It'a tho only thing to do after ono reached a certain ago! I loatho I can't stand being bosoed around by parents. And really, Shir- ley, I think It's against the laws of naturo that grown-u- p daughters should hang around their parents' home, outtrtaylnr their woleomol\ Shirley smiled. And Vivian con- tinued: \Tho parental Instinct's really highly overrated! Personally, I be-lle- that after a girl reauhes the ma- ture age of twenty or thereabouts sho Isn't cvpected to linger any lunger in the fumily nest! So far as slit's concorned, the parental Instinct or at any rate, paternal affootlon dwindles, ' She's expected to get out ud try \her wlnrs and. of course, GAMBLE CHRISTIE Girippilinig, Tlhrillliinig Novel off the 'Yar mystery personality' excitcTncnt, suspense surprise fascinating instalment. Christie charming entangled \Chrysanthemums Amnernmentnl\ I'V'Ve enthusiastically. ht considerably independence. b,uildlngl Chcyno-wal- k Involuntarily VlVlAto de- pendence. - , old fa.fhJ.ined fathers always interpret sucn a llight in terms of marriage! Shirley Hinlled. \You ultVays liked excitement of any sort. I Rttppoio that Is why you always wcr0 lllrtntlous, Vivian;\ \Maybe I am It pays to bo I\ re- joined her friend reflectively. \Thoincli men may ramp and rave and carry oil, they, don't appreciate tho dear. domesticated 'clinging vine' one bit! Now look nt me\ she sat up sud- denly and stared at Shirley \I haven t got an ounce of faithfulness in my composition! I'm not a scrap good-lookin- g. Some might think mo even plain. And yet men go crazy over niel\ Sho leant a llttlo forward, lips apart, eyes shining. \And why? Because I'm not 'out to win.' I don't want to snnro the crea- tures Into matrimony! Life wd love aro Just n sort of gamble and I play sportlngly, for tho sheer lovo of thu gome. IVyou understand?\ ' Miss Shlrfcy smiled a small, compre- hending smile. She was very fond of Vivian, nnd perhaps understood her better than most people did. \There aro threo types of women,\ sho said quietly. \First the looker-o- n, who's out of tho running. I'm begin- ning to put myself In that category. ' Here Shirley heaved a tiny sigh. \Next those who are 'o.nt to win,' as you express it, Vivian. They play th\lr their cards very carefully, with a dell-nlt- o end In view. Alt. would-b- e bene- dicts should avoid them! And, thirdly, those who plunge Into love's gamble just because the sporting Instinct's In their blood nnd becnuso they're naturally fascinating, or magnetic cnll It what you will. You're in the last-nam- class.\ \And there I'll stay!\ rejoined Miss Vivian briskly. \For. believe me, var- iety Is tho splco of life! Lovo affairs aro Just like flowers. I'd rn'her have a crop of dear little wild roses than pruno them all ,awny nnd cultivate ono single, magnificently imposing flower! See, Shirley?\ \Making heaps of money, Vivian?\ Tho latter shook her head. \I don't work hard enough,\ she said frankly. \I haven't got the price- less gift of concentration. In order to mnko money, one must roncentrate. I can do lots of things Just fairly well but no ono special thlmr particu larly well!\ She laughed a llttlo rue ful, laugh. \I call myself an artist but, .between ourselves, this humble calling is what brings mc In my meagre Income!\ She lifted up some rather amateurish fashion drawings. \If I could stick at It, I'd get fairly good, in time at least, so Jim Dalton tells mc!\ At the sound of that name. hlr!ev's heart leant strangely. For a moment. who folt actually Jealous it this girl. \Is he your critic? sh inquired, hoping that Vivian wouldn't notice tho stiffness In her voice. \XOT A WOMAN'S MAN\.\ E'S n dear good fellow.\ re \H joined the latter damsel with enthusiasm, \and tho clovor- - cst artist in the quarter. It's only Just lately that he's had any time at nil for mc. Ho he's different from anyono I ever knew\ hero a far-o- ff look came Into her dark cye \not a woman's man nt all unless I'm very much mistaken only just recently ho seems to havo changed fats as though ho wero unhappy about .some- thing.\ She drew a long deep breath. \He sometimes comes to see me, and gets mo to play for him.\ Sho crossed tho floor and sat down nt an- - old piano In the corner. Hor ro8tlos fingers broke into Itachman-InofT- s \Prelude.\ The light in her dark eyes deepeni j and glowed. And It seemed to Shirloy ns though tho music of thoild piano symbolized the tragedy of human life, rising from faint nothings to a wild, Insistent clamor. When tho last sounds died away In trembling chords, sho rose and put a hand on Vivian's, slim shoulder. \You plav magnificently! I don't wonder that this Mr. Dalton wants to come and sco you, Vivian. Your mu- sic must take him completely out of himself\ \Oh. do you really think so?\ A tcntativo delight and eagernev ahono on Vivian's fnco, ronfessing tnoro than anything she had bald in words. \Jim Daalton's such a dear I'm glad if I can bo of any help to him\- - Shirley hadn't tho hiytrt to disillu- sion her. She couldn't even bring herself .to admit that sho know him, Kor Vivian would ask unanswerable questions. ... \Whafa tho matter, Shirloy dear?\ Vivian wung round on tho piano-sto- ol and caught hor friend's two hands tn her own warm, Impulsive grasp. \You've such a queer look on your f.tco, sometimes, ns though you: thoughts were miles nnd miles nwny! And you don't laugh half as much as, you used to In tho old days\ Shirley\ colored. \Wo all have worries.\ sho paid evasively, \but tt doosn't do to dwell on them.\ Sho certainly wasn't going to let Vivian know of the unfortunate affair with Dalton. Shirley had too much pride, neajdos. Vivian's own heart might be involved. . . . Shirley was too fond of Vivian to hurt her. \Shirley T wish vmtM enmo and llvo with me!\ Vivinn's freslt young oleo cut into her 'mln of medltatu n. I wish Vvo\ t.iKe ui some earner. ','RJ.,'.\!.'?I llievlli ' L.Vn\r . In li ntimtin or tho countrv. tn n mnt. specifier Shfe wheeled round on her friend. \You're Infinitely more suited to n llohemlan life than to the rows and chickens ami the local ctmite! ,nd think what opportunities you'd have In pondon, denr! Think of the ch.irm-in- g people that you'd meet. Why, your wholu point of vlow would change would broaden. Shirley, with your good looks, why don't you go on the stage?\ Shirley smiled quietly at her mer-nirl- al little friend. \Perause T1 linte It!\ lu- - said frankly. Then sho nddi d: \And I'd never make a hit!\ Her thoughts went winging to I.u-ell- le Derange, and the futility of bpr Mage \career.\ I.uelllo certainly had n i illusions as to that particular mode of earning one's living. \It's a thrilling sort of life.\ said Vivian, reluctant to relinquish her Idsa. \Dut of course, It's hard, I'll grant you that. Well, anyhow, thert uie lots of other tl nigs tiiut joif couH do!\ \Vivian I'd love to como to towf nnd stay with you,\ said Shtrlej earnestly, \but grandmamma's so old I Just enn't leave her\ \And what about this engagement mat I near of?\ Vivian looked qulzzl cully at her friend. \If this II an CO 0 yours Is anything liko his sister-a-th- l lady that we met y in then ho must be a and It would be better for you 'Jus) to stay with grandmamma' thai marry him!\ Miss Shirley flushed. Vivian coull be so disconcertingly outspoken ai times. \Don't toll mo that you caro fol him,\ went on the candid friend, \bo cause I can see he bores you quite al much as my two 'ventures' didl Ajm that's saying something!\' \Oh Vivian,\ Shirloy whispered, t sudden longing for sympathy sweeps ing over her. \Oh Vivian, I wish 1 could escape from from\--: his designing; interfering atsa, ter and himself?\ supplemented tM other, tranquilly. \Wdll I don'j blame you. Tnko tho nfittter into youf own hands and\ ' \I can'tl Ho's he's so well-kno- and and respected dowty In th country In tho part of Surrey wher4 I live. Ho's got an old mauoj house\ . \.Money eh?\ Vivian raised tental tlvo Urows. \That puts a different complexion on the matter Maybe\ - \It doesn't!\ cried Shirley, passlotv ately. \I don't want his old money! ' It's Just that people do talk so.\ Shi walked over to .ono of tho big studM windows and starcQ unhappily out a rue river. \irs an a hopeless moss i Ihaven't got tho nerve to break M 1 \Then why on enrtli did you got cn J3 gaged to him?\ Intenso curiosity Iai 4oi tn Vivian's tones. Oh, they sort of dragged, mo Into II n between them,\ said the young girl wearily, \lira. Arnold Li nn Im. mensely determined woman yorj. know the type. Sho decided that since David wanted mo he must hnv me! I think they worked a little) sceno tip between thorn, just so'a IM be caught!\ - Perhaps this was hardly fair oi Shirley. Put her nervos were miser- ably overwrought. \Of all the sllfy, weak-mtnde- 6 girls.\ Interpolated Vivian, with 3 rousing scorn, \you RUirlev aro th feeblest! Haven't you got a mind oj your own, or what?\ \They've gone and arinouneed tht, news nf tho engagement.\ enmo th dispirited reply. \There Isn't anything left for mo to do!\ \Rvcept to bo led as a lamb to the slaughter!\ Vivinn's vole rose, 'cil, it's your funeral, not mine. Put you're mighty soft!\ Shirley turned appealingly townrt her friend. T thought you'd bo moro sympa- thetic\ \WHAT WII.Ti PEOPLE SAYf ajJT\ isn't that you warrl J \'a rousing!\ Vivian Vioked aa though sho would like to hnk her. \Whv can't you toll them all td go o Jericho?\ \It's Just well what would peopU say?'1 Vivian stampod her foot In suddeo rage. \So you: too, are. a victim of ttia ' v etqhod. botirgeoiHio idea! 'WhaJ I pooplosay?' IndeeJ! .More hri-t.- , havo ibeen broken through that ridlcii-lou- antiquated fetish than througK any 011101. agent! It makes mo mad. Is other people's opinion moro Im- portant than your own happiness?\ Vivian Xluns tho challenge at hm frloml. \Oh I don't expect happiness I'vi given up hoping for it!\ Shirley's lips begun to tremble. Then, to het own astonishment und utter chagrin, tcard began to fall. Sho turned hei lioad awuy. trying to stem tho torrent und hoping do&peraifcly that Vivian wouldn't notice, Tho latter, however, was a younfl woman of perspicuity. Of Inflnlta tbaV gift' WllcU 6ho wailtC(1 to employ \I'm eoing to make a upoclal kl.id of omeletto for you Shirley, and 1'1 got to run out and buy the eggs. Amusu yourself with the old pmnd whilo I'm gono I won't be many minutos, dear!\ and Vivian dusip. peared. \She'll pull herself together txyd ' hen sho'a alone! It would onis niako bur worse to sympathize''1 rims ran Vivinn's reflections whil sho hurried .along toward tho local grocery store. Meantime Shirloy -- left alnno In. dulgcd in tho fomlnlno solace of \u giiod cry.\ Sho was engaged to David Rurke, She didn't lovo him. Hut the net bad tightened round hor. Sho wa \caught.\ wouldn't ho so awful if sh\ could forget Jim Dalton! Slur wanted to forgot him. Hut \wanting\ and accomplishing\ aro different mat-tor- s. Shirley couldn't dictate tho Ac- tion of her heart \I1 P\ 1 couU a)0 P 4 fin\ it hud been a nightmare, and thai Jim was really mine!\ she thought drearily, tho tears still on her chceke Then pride came to her rescue, \Vivian m us n't And mo in the depth, of woe!\ She walkeil into ti.o ., bedroom off tho stuillo, and pourlnj acme water into an enamelled basin wushed away tho trures of her toars \Theto I look better now!\ g)i eyed her reflection in the mirror Al' the dressing table, Hulling oat hoi curly hair. Uinuty certainly was an asset U the gamo of life. . . Sho found some scented powder It, nn Ivory box. nnd dabbed a llttlo ai her flushed cheeKs. Then she went back Into tho studU and sat down at the old piano, striki ing a few soft chorus. A knock soundod at tho studU door. \Vivian may I come in?\ At tht sound of the well known voice all thj blood rushed to Hhn li y's thci\ n e. .led, leaving her ry pale. She made no answer. Hi\ uooi- - was ipt ui-- slowly, sn .joi, u.iiiuii 1.HHH1 nerore ner: (Road ExcitlnfChapUrl