ot take him seriously as a man.

The discussion proceeded; the furniture-dealer's counsel was followed;
it was definitely decided to let the two candidates neutralize each
other.

"Vat vill you give me, if I find you a Redacteur?" suddenly asked
Pinchas. "I give up my editorial seat--"

"Editorial coal-scuttle," growled Ebenezer.

"Pooh! I find you a first-class Redacteur who vill not want a big
salary; perhaps he vill do it for nothing. How much commission vill you
give me?"

"Ten shillings on every pound if he does not want a big salary," said De
Haan instantly, "and twelve and sixpence on every pound if he does it
for nothing."

And Pinchas, who was easily bamboozled when finance became complex, went
out to find Raphael.

Thus at the next meeting the poet produced Raphael in triumph, and
Gradkoski, who loved a reputation for sagacity, turned a little green
with disgust at his own forgetfulness. Gradkoski was among those
founders of the Holy Land League with whom Raphael had kept up
relations, and he could not deny that the young enthusiast was the ideal
man for the post. De Haan, who was busy directing the clerks to write
out ten thousand wrappers for the first number, and who had never heard
of Raphael before, held a whispered confabulation with Gradkoski and
Schlesinger and in a few moments Raphael was rescued from obscurity and
appointed to the editorship of the _Flag of Judah_ at a salary of
nothing a year. De Haan immediately conceived a vast contemptuous
admiration of the man.

"You von't forget me," whispered Pinchas, buttonholing the editor at the
first opportunity, and placing his forefinger insinuatingly alongside
his nose. "You vill remember that I expect a commission on your salary."

Raphael smiled good-naturedly and, turning to De Haan, said: "But do you
think there is any hope of a circulation?"

"A circulation, sir, a circulation!" repeated De Haan. "Why, we shall
not be able to print fast enough. There are seventy-thousand orthodox
Jews in London alone."

"And besides," added Gradkoski, in a corroboration strongly like a
contradiction, "we shall not have to rely on the circulation. Newspapers
depend on their advertisements."

"Do they?" said Raphael, helplessly.

"Of course," said Gradkoski with his air of worldly wisdom, "And don't
you see, being a religious paper we are bound to get all the communal
advertisements. Why, we get the Co-operative Kosher Society to start
with."

"Ye