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letter can wait, or from the fancy that some have of keeping the letter likely to be most interesting till the last. But almost the first line enchained her attention, and as she read, her heart beat faster, and her face became scarlet. It was very short, and I am able to print it, because all Margaret's correspondence ultimately came into possession of her aunt: "BRANDON, December 17th. "DEAREST MARGARET,--You do not say whether you will come for Christmas, but we infer from your silence that you will. You know how pained we shall all be if you do not. Yet I fear the day will not be as pleasant as we could wish. In fact, we are in a good deal of trouble. You know, dear, that poor Mrs. Fletcher had nearly every dollar of her little fortune invested in the A. and B. bonds, and for ten months she has not had a cent of income, and no prospect of any. Indeed, Morgan says that she will be lucky if she ultimately saves half her principal. We try to cheer her up, but she is so cast down and mortified to have to live, as she says, on charity. And it does make rather close house-keeping, though I'm sure I couldn't live alone without her. It does not make so much difference with Mr. Fairchild and Mr. Morgan, for they have plenty of other resources. Mr. Fairchild tells her that she is in very good company, for lots of the bonds are held in Brandon, and she is not the only widow who suffers; but this is poor consolation. We had great hopes, the other day, of the trial, but Morgan says it may be years before any final settlement. I don't believe Mr. Henderson knows. But there, dearest, I won't find fault. We are all well, and eager to see you. Do come. "Your affectionate aunt, "GEORGIAN A." Margaret's hand that held the letter trembled, and the eyes that read these words were hot with indignation; but she controlled herself into an appearance of calmness as she marched away with it straight to the library. As she entered, Henderson was seated at his desk, with bowed head and perplexed brows, sorting a pile of papers before him, and making notes. He did not look up until she came close to him and stood at the end of his desk. Then, turning his eyes for a moment, and putting out his left hand to her, he said, "Well, what is it, dear?" "Will you read that?" said Margaret, in a voice that sounded strange in her own ears. "What?" "A letter from Aun
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