oy Frederick's Gratitude. 53 of these bankrupt firms had not crippled my means. I fear that there is little hope for me,’ concluded Mr. Kartmann, shaking his head ; ‘however, you will be a better judge of this question after you have examined my private books. They alone can give you an exact idea of my position and losses.’ So saying, he opened the books in question for the inspection of Fred, who looked over them with a sinking heart. There were no errors in the figures. They showed only too plainly the cause of the disorder in Mr. Kart- mann’s affairs; but even at this moment Fred was thinking of a remedy. After having ended his painful interview with Mr. Kartmann, he went to his own room, and, quite bewildered, threw himself into an arm-chair. ‘In two months,’ said he, ‘the business will be wound up, and it and the premises sold. In two short months! What is to bedone? How is it possible, in so short a space of time, to carry out a plan to make Mr. Kartmann able to compete with his wealthy rivals in manufac- turing these goods as cheaply and as well, and so save him from ruin, and his family from misery. Human aid seems hopeless; we must trust in'God, and ask His help.’