Frederick's Gratitude. I enough with which to pay my debts and lia- bilities; if I wait any longer, it will soon be beyond my means to meet them. The new machinery of Mr. Zinberger has completely ruined my trade. His goods are much better and cheaper than mine, and are preferred to mine in the market, For some time I have sustained this competition, however ruinous it has been, in the hope of improving my own machinery; but all my expectations on this point are at an end: to struggle any longer is impossible. As soon, then, as my books are balanced, I shall advertise these premises for sale. It is dreadful for me, I know, after so many years of industry, to see all my hopes vanish of making a competency for myself and children; but amidst all these ruined hopes I find consolation in thinking that all my debts will be paid, and that I and my family will be the only sufferers from this measure. As for you, Frederick, added he, stretching out his hand to the young man, ‘you will not, I hope, cease to be our friend; but, as you perceive, we must part. I donot feel the slightest uneasiness about your future career. With your talents and good character you will be able to find employment elsewhere, only this separation wil!