dollar's worth of stock, legitimate business was of course impossible
from the beginning. It was cold-drawn gambling, without colour or
disguise. Just that which is the impediment and destruction of all
genuine commercial enterprise, just that we were taught with every
luxury of stage effect. Our simulacrum of a market was ruled by the real
markets outside, so that we might experience the course and vicissitude
of prices. We must keep books, and our ledgers were overhauled at
the month's end by the principal or his assistants. To add a spice
of verisimilitude, "college paper" (like poker chips) had an actual
marketable value. It was bought for each pupil by anxious parents and
guardians at the rate of one cent for the dollar. The same pupil, when
his education was complete, resold, at the same figure, so much as was
left him to the college; and even in the midst of his curriculum, a
successful operator would sometimes realize a proportion of his holding,
and stand a supper on the sly in the neighbouring hamlet. In short,
if there was ever a worse education, it must have been in that academy
where Oliver met Charlie Bates.

When I was first guided into the exchange to have my desk pointed out
by one of the assistant teachers, I was overwhelmed by the clamour and
confusion. Certain blackboards at the other end of the building were
covered with figures continually replaced. As each new set appeared, the
pupils swayed to and fro, and roared out aloud with a formidable and
to me quite meaningless vociferation; leaping at the same time upon
the desks and benches, signalling with arms and heads, and scribbling
briskly in note-books. I thought I had never beheld a scene more
disagreeable; and when I considered that the whole traffic was illusory,
and all the money then upon the market would scarce have sufficed to
buy a pair of skates, I was at first astonished, although not for long.
Indeed, I had no sooner called to mind how grown-up men and women of