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Multiple Criteria Decision Making

Gökhan Silahtaroğlu
Hasan Dinçer
Serhat Yüksel

Data Science and

Multiple Criteria
Decision Making
Approaches in
Finance
Applications and Methods
Multiple Criteria Decision Making

Series Editor
Constantin Zopounidis, School of Production Engineering and Management,
Technical University of Crete, Chania, Greece
This book series focuses on the publication of monographs and edited volumes of
wide interest for researchers and practitioners interested in the theory of multicriteria
analysis and its applications in management and engineering. The book series
publishes novel works related to the foundations and the methodological aspects
of multicriteria analysis, its applications in different areas in management and
engineering, as well as its connections with other quantitative and analytic disci-
plines. In recent years, multicriteria analysis has been widely used for decision
making purposes by institutions and enterprises. Research is also very active in the
field, with numerous publications in a wide range of publication outlets and different
domains such as operations management, environmental and energy planning,
finance and economics, marketing, engineering, and healthcare.

More information about this series at http://www.springer.com/series/13834

Gökhan Silahtaroğlu • Hasan Dinçer •
Serhat Yüksel

Data Science and Multiple

Criteria Decision Making
Approaches in Finance
Applications and Methods
Gökhan Silahtaroğlu Hasan Dinçer
Kavacık South Campus School of Business
Istanbul Medipol University Istanbul Medipol University
Istanbul, Turkey Istanbul, Turkey

Serhat Yüksel
Business and Management
Istanbul Medipol University
Istanbul, Turkey

ISSN 2366-0023 ISSN 2366-0031 (electronic)

Multiple Criteria Decision Making
ISBN 978-3-030-74175-4 ISBN 978-3-030-74176-1 (eBook)
https://doi.org/10.1007/978-3-030-74176-1

© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland
AG 2021
This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether
the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of
illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and
transmission or information storage and retrieval, electronic adaptation, computer software, or by
similar or dissimilar methodology now known or hereafter developed.
The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication
does not imply, even in the absence of a specific statement, that such names are exempt from the relevant
protective laws and regulations and therefore free for general use.
The publisher, the authors, and the editors are safe to assume that the advice and information in this
book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or
the editors give a warranty, expressed or implied, with respect to the material contained herein or for any
errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional
claims in published maps and institutional affiliations.

This Springer imprint is published by the registered company Springer Nature Switzerland AG.
The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Preface

This book aims to evaluate different financial issues to reach sustainable economic
development. In this context, assessments were made on 6 different important issues.
In this way, it is aimed to identify the most important issues related to financial
issues. In this process, both data science and fuzzy multi-criteria decision-making
methods were considered. In this context, decision trees, artificial neural networks,
text mining, and methods such as AHP, ANP, DEMATEL, MOORA, TOPSIS, and
VIKOR were used. The most important contribution of the study is the use of these
methods, which are frequently preferred in the literature, in the same book.
This book aims to integrate data science applications, such as web mining, text
mining, and machine learning, with different significant majors like business, health,
economics, finance, and engineering. Within this framework, different perspectives
can be taken into consideration in this study. For example, machine learning
approach can be used to analyze financial performance or big data methodology
can be considered to evaluate the efficiency of the stock exchanges. Therefore, it can
be said that this study offers a novelty by focusing on various significant majors at
the same time. As a result, it is believed that this study makes a significant
contribution to the literature.
In this book, detailed analyses are made on 6 different issues related to financial
issues. In this context, financially important issues such as profitability in the
banking sector, the factors affecting economic development, the role of the state-
ments of the politicians on the financial system, and the factors affecting the
exchange rate risk are examined. As a result of detailed analyses, development
suggestions were made for each topic. Thanks to these suggestions, it will be
possible to reach a more effective financial system and sustainable economic growth.
Therefore, this book is intended to make an important contribution to the literature.

Istanbul, Turkey Gökhan Silahtaroğlu

Hasan Dinçer
Serhat Yüksel

v
Acknowledgments

The authors would like to acknowledge the help and patience of their families in this
book process. Without their support, this book would not have become a reality.
Second, the authors wish to acknowledge the valuable contributions of the
reviewers regarding the improvement of quality, coherence, and content presentation
of chapters.
In addition, the authors would also like to acknowledge the valuable help of
Mr. Serkan Eti for his significant support about machine learning system.

Gökhan Silahtaroğlu
Hasan Dinçer
Serhat Yüksel

vii
Introduction

In this book, analyses related to financial issues have been made. In this context,
assessments were made on 6 different important issues. In this way, it is aimed to
identify the most important issues related to financial issues. In this process, both
data science and fuzzy multi-criteria decision-making methods were considered. In
this context, decision trees, artificial neural networks, text mining, and methods such
as AHP, ANP, DEMATEL, MOORA, TOPSIS, and VIKOR were used. The most
important contribution of the study is the use of these methods, which are frequently
preferred in the literature, in the same book.
In the study, firstly, the factors causing crises in developing and developed
countries have been tried to be determined. In this framework, decision tree and
fuzzy DEMATEL approaches are taken into consideration. In addition, the second
chapter is related to identifying the influencing factors of economic growth for both
developing and developed economies. For this purpose, decision tree approach and
fuzzy TOPSIS methodology are considered at the same time.
On the other side, the third chapter aims to estimate the factors affecting the
profitability of the Turkish banking sector. For this purpose, 34 different variables
were firstly determined by literature review. In the first stage of the analysis, decision
trees method is applied to select the most important variables. After that, fuzzy ANP
approach is used to weight these variables. Similarly, the fourth chapter tries to
understand the role of the politicians on the macroeconomic situation of the coun-
tries. For this purpose, the tweets of Donald Trump are taken into consideration. Text
mining approach is used to evaluate these tweets and mostly used words are
identified. After that, these keywords are ranked with the help of fuzzy VIKOR
approach according to their impacts on macroeconomic performance.
In addition to them, the fifth chapter tries to understand the main influence of the
politicians’ disclosure on the stock exchange index. In this context, a machine
learning model is built in order to understand the hidden patterns behind the daily
changes (rises and falls) of Dow Jones index. Moreover, in the final chapter, it is
aimed to determine the factors affecting the exchange rate risk of companies. In this
context, firstly, articles in the ScienceDirect database that contain exchange rate risk

ix
x Introduction

in their titles, abstracts, and keywords are provided. Single, double, and triple words
were identified in 152 different studies that were published after 2018, which met the
relevant criteria. As a result of the analysis of these words, 4 different criteria that
could affect the exchange rate risk were determined. The relevant criteria were then
weighted with fuzzy AHP.
This book aims to integrate data science applications, such as web mining, text
mining, and machine learning, with different significant majors like business, health,
economics, finance, and engineering. Within this framework, different perspectives
can be taken into consideration in this study. For example, machine learning
approach can be used to analyze financial performance or big data methodology
can be considered to evaluate the efficiency of the stock exchanges. Therefore, it can
be said that this study offers a novelty by focusing on various significant majors at
the same time. As a result, it is believed that this study makes a significant
contribution to the literature.
Target audience and potential users of this book are defined below.
• Researchers
• Academicians
• Policy makers
• Government officials
• Upright students in the concerned fields
• Members of chambers of commerce and industry
• Top managers of the companies

Istanbul, Turkey Gökhan Silahtaroğlu

Hasan Dinçer
Serhat Yüksel
Contents

1 Introduction to Data Science and Machine Learning Algorithms . 1

1.1 Artificial Neural Networks . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
1.1.1 A Few Concrete Examples . . . . . . . . . . . . . . . . . . . . . 2
1.2 Neural Network Elements . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
1.3 Hyper Parameters of Deep Neural Networks . . . . . . . . . . . . . . 4
1.4 Support Vector Machine . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.5 Kernel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
1.6 Regularization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
1.7 Gamma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
1.8 Margin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
1.9 Decision Trees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
1.10 Sample Decision Tree . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
1.11 Testing Learning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
1.12 Text Mining . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
2 Identifying Indicators of Global Financial Crisis with Fuzzy Logic
and Data Science: A Comparative Analysis Between Developing
and Developed Economies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
2.1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
2.2 General Information About the Financial Crises and 2008
Global Mortgage Crisis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
2.2.1 Types of the Financial Crises . . . . . . . . . . . . . . . . . . . 18
2.2.2 2008 Global Financial Crisis . . . . . . . . . . . . . . . . . . . . 20
2.3 Literature Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
2.4 An Application on Turkish Banking Industry . . . . . . . . . . . . . 23
2.4.1 Data Set and Variables . . . . . . . . . . . . . . . . . . . . . . . . 23
2.4.2 Fuzzy DEMATEL . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
2.4.3 Analysis Results . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
2.5 Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
xi
xii Contents

Appendix 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Appendix 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
3 Determining the Ways to Increase Economic Growth of Developing
and Developed Economies: An Application with Data Mining
and Fuzzy TOPSIS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
3.1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
3.2 Literature Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
3.3 An Application on Developing and Developed Economies . . . 58
3.3.1 Data Set and Variables . . . . . . . . . . . . . . . . . . . . . . . . 58
3.3.2 Fuzzy TOPSIS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59
3.3.3 Analysis Results . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60
3.4 Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61
Appendix 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62
Appendix 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63
References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71
4 Profitability Prediction of Turkish Banking Industry:
A Comparative Analysis with Data Science and Fuzzy ANP . . . . . 77
4.1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77
4.2 Literature Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79
4.3 An Application on Turkish Banking Industry . . . . . . . . . . . . . 80
4.3.1 Data Set and Variables . . . . . . . . . . . . . . . . . . . . . . . . 80
4.3.2 Fuzzy ANP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82
4.3.3 Analysis Results . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84
4.4 Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87
Appendix 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88
Appendix 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89
Analysis Details of Decision Tree Approach . . . . . . . . . . . . . . 89
References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103
5 The Influence of the Politicians on Macroeconomic Performance:
An Analysis of Donald Trump’s Tweets . . . . . . . . . . . . . . . . . . . . 109
5.1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109
5.2 Literature Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111
5.3 An Application on Donald Trump’s Tweets . . . . . . . . . . . . . . 112
5.3.1 Fuzzy VIKOR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112
5.3.2 Analysis Results . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113
5.4 Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117
Appendix 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118
Appendix 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118
References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123
Contents xiii

6 How Is the Stock Exchange Index Affected by the Disclosures

of Politicians? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 129
6.1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 129
6.2 Literature Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130
6.3 The Analysis of the Impacts of Donald Trump’s Tweets
on Dow Jones Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 133
6.4 Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 139
Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140
References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140
7 Defining the Significant Factors of Currency Exchange Rate
Risk by Considering Text Mining and Fuzzy AHP . . . . . . . . . . . . 145
7.1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 145
7.2 Literature Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 147
7.3 Fuzzy AHP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 148
7.4 The Analysis on the Journals Reviewed in Sciencedirect . . . . . 150
7.5 Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151
Appendix 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 154
Appendix 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155
References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165
8 Emerging Applications and the Future of Data Science . . . . . . . . . 169
8.1 Building an Effective Data Science Team . . . . . . . . . . . . . . . . 169
8.2 Examining Social Media . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170
8.3 Data Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170
8.4 Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 171
Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 172
Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 173
About the Authors

Gökhan Silahtaroğlu is a professor of data science. He is Head of the Department

of Management Information Systems at Istanbul Medipol University, Faculty of
Economics and Administrative Sciences, Istanbul, Turkey. Dr. Silahtaroğlu received
PhD in management sciences and quantitative methods from İstanbul University in
2005. His PhD thesis is entitled “Clustering in data mining and an application on
students assessment.” His working areas are data analysis, data mining, artificial
intelligence, and machine learning. He has three different books related to text
mining and system analysis. In addition to them, he has lots of articles related to
data science, text mining, web mining, and machine learning.

Hasan Dinçer is a professor of finance at Istanbul Medipol University, Faculty of

Economics and Administrative Sciences, Istanbul, Turkey. Dr. Dincer has BAs in
financial markets and investment management at Marmara University. He received
his PhD in finance and banking with his thesis entitled “The Effect of Changes on the
Competitive Strategies of New Service Development in the Banking Sector.” He has
work experience in the finance sector as a portfolio specialist, and his major
academic studies focus on financial instruments, performance evaluation, and eco-
nomics. He is the executive editor of the International Journal of Finance and
Banking Studies (IJFBS) and the founder member of the Society for the Study of
Business and Finance (SSBF). His research interests lie in banking, finance, and
financial crisis. He has more than 200 scientific articles, and lots of them are indexed
in SSCI, Scopus, and Econlit. Also, he is the editor of many books that were
published by Springer and IGI Global.

Serhat Yüksel is an associate professor of finance in İstanbul Medipol University.

Before this position, he worked as a senior internal auditor for seven years in
Finansbank, Istanbul, Turkey, and 1 year in Konya Food and Agriculture University
as an assistant professor. Dr. Yüksel has a BS in business administration (in English)
from Yeditepe University (2006) with full scholarship. He got his master’s degree in
economics from Boğaziçi University (2008). He also has a PhD in banking from
Marmara University (2015). His research interests lie in banking, finance, and
xv
xvi About the Authors

financial crisis. He has more than 200 scientific articles, and lots of them are indexed
in SSCI, Scopus, and Econlit. Also, he is the editor of many books that were
published by Springer and IGI Global.
Chapter 1
Introduction to Data Science and Machine
Learning Algorithms

Abstract Data science has gained importance since available data and hardware
facilities have been ubiquitous. Algorithms to process a huge amount of data and
extract information were developed decades ago. However, due to the lack of high-
capacity computers, it was not possible to use them on real-life data and problems.
Today, from finance to medicine data science plays an important role to solve
problems. Suffice it to say, machine learning algorithms are the core of this new
phenomenon besides data itself. Artificial neural networks, deep learning, Support
Vector Machines, Decision Tree Learning Models, and related algorithms have been
used successfully and yielded very important results recently. On the other hand, text
data have also gained importance being the fuel of machine learning in data science.
Especially the emergence of social media and communication technology contrib-
uted to the popularity of texts in data science. In this chapter, concise introductions
have been given about the most popular and also successful machine learning
algorithms. This chapter will be helpful for those readers who do not have enough
information about machine learning and its algorithms.

Keywords Data science · Artificial neural networks · Deep learning · Decision

trees · Text mining · Support Vector Machines

1.1 Artificial Neural Networks

Neural networks are a set of algorithms designed to recognize patterns, inspired from
the human brain and biological neural networks (Glorot & Bengio, 2010). They
interpret raw input by labelling or clustering them by a kind of machine perception.
Data patterns that they perceive are numerical data stored in vectors such as pictures,
sounds, text or time series, and these data need to be converted into a certain data
structure to make sense.
Artificial neural networks help us cluster and classify data in a meaningful way
that directly solves real-life problems or help us solve those problems. You can think
of them as a clustering and classification layer of the data you store and manage.

© The Author(s), under exclusive license to Springer Nature Switzerland AG 2021 1

G. Silahtaroğlu et al., Data Science and Multiple Criteria Decision Making
Approaches in Finance, Multiple Criteria Decision Making,
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adventure, in answering some inquiries of Clinton concerning the
manner of driving logs to mill:—
“Six years ago,” said he, “I was logging upon the head waters of
the Penobscot. “We cut eight thousand logs; and about the last of
April we started them downstream. It took two or three days to roll
them all in, and by that time, some of those we started first were
perhaps more than fifty miles down stream, while others had lodged
within a hundred rods of us. So we divided into three gangs, one to
descend by boats, and the others by land each side of the stream.
Each man was provided with a pole, having a stout hook in the end,
and with these we pushed off the logs, where ever we found they
had lodged on the banks or rocks. The first few days, we made
pretty good progress, having little to do but to roll in the logs, and set
them afloat merrily down the river.”
“Did you camp at nights, as you do here?” inquired Clinton.
“Yes, we camped out, but we had nothing but little huts made of
spruce boughs, where we ate and slept;—as I was saying,—all went
on pretty easy at first, and some days we got over fifteen or twenty
miles of ground. But by-and-by we came to a jam. Do you know what
a jam is?”
“No, sir.”
“Well, when the river gets choked up with logs which have met
with some obstruction, we call it a jam. Sometimes, a thousand logs
will accumulate in this way, forming a sort of dam across the river,
and interrupting the flow of the water. And, oftentimes, all this is
occasioned by a single log catching upon a projecting rock; and if
that single log could be started, the whole mass would go down
stream with a tremendous rush.”
“I should think that would be fine sport,” said Clinton.
“It’s all very fine to look at,” continued the logger; “but you wouldn’t
think there was much sport about it, if you had to go out upon this
immense raft, and loosen the logs, at the risk of being ground to
atoms by them when they start.”
“Are people ever killed in that way?” inquired Clinton.
 “Not very often; for none but the most experienced drivers are
allowed to undertake such a delicate job; and they are always very
cautious how they proceed. But let me go on with my story: the jam I
was telling you about, happened to be in a rapid, rocky place, where
the river passed through a narrow gorge. On each side were steep
cliffs, more than sixty feet high, which almost hung over the water.
The only way to reach the jam was to descend by a rope from one of
these cliffs. This was so hazardous an undertaking, that we
concluded to wait a day or two, to see if the choked up mass
wouldn’t clear itself, by its own pressure, and thus save us all trouble
and danger. But after waiting nearly two days, there were no signs of
the jam’s breaking. We can generally tell when this is going to
happen, by the swaying of the logs; but the mass was as firm and
compact as ever; and it was evident that we must do something to
start it. There was an old and very expert driver in our gang, who
offered to descend to the jam, and see what could be done. So we
rigged a sort of crane, and lowered him down from the cliff by means
of a rope fastened around his body, under his arms. After he had
looked around a little, he sung out to us that he had discovered the
cause of the trouble. A few strokes of the axe in a certain place, he
said, would start the jam; and he cautioned us to pull him up, gently,
as soon as he should cry, ‘Pull!’ and also to be careful, and not jerk
him against the precipice. He then began to hew into the log which
was the cause of the jam. After he had worked a few minutes, the
mass began to heave and sway, and he cried out, ‘Pull!’ As the spot
where he had been chopping was near the centre of the stream, he
started instantly towards the cliff, so that his rope should be
perpendicular. But before he could put himself in the right position for
being drawn up, the huge mass of logs rose up in a body, and then,
with a crash, rolled away in every direction from under his feet. The
scene was awful. Some of the logs plunged headlong down the
rapids, with tremendous force; others leaped entirely out of the
water, turning complete somersets, end over end; others were hurled
crosswise upon each other, or dashed madly together by hundreds,
or were twisted and twirled about, in a most fearful manner. At the
first movement of the jam, our man was plunged into the water. For a
moment, we were horror-struck, but we pulled away at the rope,
expecting to draw up only a mangled and lifeless body. And we
should have done so, had we been half a second later; for we had
just raised the man out of the water, when a mass of seventy-foot
logs swept by, directly under him, with force enough to have broken
every bone in his body, had he been in their way. He suffered no
harm but his ducking and fright. But I don’t believe he will ever forget
that day’s adventure. So, my boy, you see it isn’t all sport, driving
logs,—though some think this is the pleasantest part of a logger’s
life.”
“How do you stop the logs, when they have gone as far as you
want them to go?” inquired Clinton.
“They are stopped by great booms, built of logs, and bolted and
chained together very strong. These booms are rigged across the
river, so that the floating logs cannot pass them. The great boom at
Old Town, near Bangor, where our drive brought up, that year, had
over a million of logs in it, when we got down there, seven weeks
after we started from the forests. The logs lay upon one another
about ten feet deep, and extended back for miles. They belonged to
hundreds of different men and companies, but as each had its own
mark, there was no difficulty in sorting them out. The boom is
opened at set times, to let out a portion of the logs, and then the river
below is all alive with men and boys, in small boats, who grapple the
logs as they float down, and form them into rafts, or tow them to the
various mills on the river. Very few of the logs escape, unless too
many are let out from the boom at once, or the river is swollen by a
freshet, in which case they sometimes float off to sea and are lost.
But all hands seem to be going to bed, and I guess we had better
follow their example.”
Upon this, the old logger stretched himself upon the bed of faded
leaves; and Clinton, who for some time had been his only listener,
was soon in the same position.
 CHAPTER XVII.
A TALK IN THE WOODS.

E ARLY the next morning, Mr. Davenport and Clinton decided to

start for home, as there were indications of an approaching
change in the weather, which might render the roads very
uncomfortable, if it did not compel them to prolong their stay at the
loggers’ camp longer than would be agreeable. After a breakfast of
hot bread and molasses, fried pork, and tea, Fanny was harnessed,
and bidding farewell to their forest friends, they jumped into the
sleigh, and set their faces towards Brookdale. As they were riding
along the solitary road, Mr. Davenport asked Clinton if he thought he
should like to be a logger.
“I don’t know but I should,” he replied; “there are a good many
things about the business I should like. It makes them strong and
healthy, and I guess they have good times in the camps, and on the
rivers. It is quite a romantic life, too, and they seem to meet with a
good many curious adventures.”
“The novelty and romance of it soon wear off,” replied Mr.
Davenport. “These gone, do you think you should like the business
well enough to follow it up year after year?”
“Why, no, I suppose I should get tired of it, being away from home
so much of the time,” said Clinton.
“The work is very hard, too,” suggested his father.
“Yes, sir.”
“And the pay is not very great, in proportion.”
“Isn’t it?”
“It is, however, a very useful employment,” continued Mr.
Davenport, “and there must be men to engage in it. It is an
honorable employment, too, for all useful labor is honorable. But I
should not call it a very desirable employment. The logger not only
has to labor very hard, but he must go far away from his home, and
deprive himself of nearly every comfort of civilized life, and expose
himself to many dangers. And for all this hardship and toil, he does
not receive so much pay as many a mechanic earns in his shop, with
half the effort.”
“Does not Mr. Preston make a great deal of money at logging?”
inquired Clinton.
“I suppose he makes a fair business of it,” replied his father; “but
he is a contractor, and employs a good many hands. I was speaking
of the hired men, not of those who manage the business.”
“Is Mr. Jones a contractor?”
“No, he works by the month, and hard work he finds it, too, I fear.”
“Then why does he follow it?”
“Because he is obliged to. He has a family to support, and this is
the only way by which he can provide for them. Should you like to
know how it happened that he cannot make money by an easier and
pleasanter method?”
“Yes, sir,” replied Clinton.
“When he and I were boys together,” continued Mr. Davenport, “his
father was rich, but mine was poor. When I was nine years old, I was
taken from school, and put out to work; but Henry Jones was not
only kept at school, for many years after, but was not required to do
any work, even in his leisure hours. He was well dressed, and had
everything he wanted, and I can remember to this day how I used to
envy him. I could not go to school even in winter, but had to work
constantly, and earn my own living. When I was about fourteen years
old, I engaged myself as an apprentice to a carpenter. I liked the
work, and soon made pretty good progress. As I had the long winter
evenings to myself, it occurred to me that I might make up for my
lack of school privileges, by an improvement of those leisure hours.
So I got some school books, and set myself to studying. Soon after I
reached my sixteenth year, I offered myself as a candidate for
schoolmaster in our town, and was accepted, for the winter term, my
master having agreed to release me for three months, as he usually
had little business during that portion of the year. And I, the poor self-
taught boy, was not only a school teacher, but Henry Jones, whose
privileges I had so often envied, was one of my scholars! A very dull
scholar he was, too, for he did not take the slightest interest in his
studies. Before I had finished my term, he left school, against the
wishes of his parents, having been fairly shamed out of it. He
remained about home several months, doing nothing, until his father
secured a situation for him in a merchant’s store in Portland; but
when he made his appearance in the counting-room, the merchant
found him so deficient in penmanship and arithmetic, that, after a
week’s trial, he sent Henry back to his father, with the message that
he would not answer. His failure discouraged him from attempting to
do anything more. Instead of remedying the defects in his education,
he refused to go to school any more, but spent his time principally in
lounging about his father’s place of business, and in sauntering
around the town. He was a perfect idler, and as his father continued
to support and clothe him, he took no more thought for the morrow,
than the pigs in our sty do, and I doubt whether he was half so
valuable to the world as they are.
“But this state of things could not last for ever. His father had
embarked very largely in the famous eastern land speculations, and
when the crash came, he found himself ruined. And yet even then,
Henry managed to hang upon him like a dead-weight for two or three
years, sponging his living out of his father’s shattered fortunes. But
after a while, his father died, and then Mr. Jones had to shift for
himself. But what was he fit for? It took him a great while to find out.
He tried several lighter kinds of employment, but did not succeed. At
length a man came along who was making up a gang of loggers, and
despairing of any better employment, he engaged in that, and has
continued at it ever since. He is with his family only four or five
months in the year, and during that time he works hard, at farming,
not for himself, but as a hired man.”
“I should think he would feel bad, when he thinks how he wasted
his youth,” said Clinton.
 “He does,” said Mr. Davenport. “He is a worthy and industrious
man now, but he cannot repair the errors of his boyhood. Had he
worked half as hard when a youth as he has had to since, he would
probably be under no necessity of laboring now. But then his parents
were rich and indulgent, and he thought he should never be obliged
to work. Whenever we meet, he always says, ‘O dear, what a fool I
have been! If my father had only kicked me into the street when I
was twelve years old, and left me to shirk for myself, I might have
been something now.’ And I never see him, without thanking God
that I was brought up to depend upon myself, from my boyhood.”
Fanny had now come to a long and steep hill, and Mr. Davenport
and Clinton got out and walked up, to lighten her load. When they
reached the top, the prospect was very extensive, and they stopped
a few minutes, to enjoy the scene, and to rest the horse. While they
were gazing around, Clinton discovered something moving on a
distant hill, and cried out:—
“A deer! a deer! don’t you see it, father?—right over that great pine
that stands all alone, there.”
Mr. Davenport soon discovered the object pointed out by Clinton,
and said:—
“No, that can’t be a deer, Clinty,—it is too large. It is a moose, and
a noble great one, too. I should like to have a shot at him, but he is
too far off.”
“I didn’t know there were moose around in this part of the State,”
said Clinton. “One of the loggers told me they hadn’t seen one this
winter.”
“They are pretty scarce now in this section of the country,” said his
father; “but now and then one is seen. That fellow has probably been
pursued, and has strayed away from his yard.”
The moose continued in sight for several minutes. Its gait was a
swift, regular trot, which no obstacle seemed to break. There was
something noble in its bearing, and Clinton stood watching and
admiring it, until it disappeared in the woods. He and his father then
got into the sleigh, and drove on.
 “The moose is a handsomer animal than I supposed,” said Clinton.
“That one Mr. Preston brought home, two or three years ago, was a
coarse, clumsy-looking fellow.”
“They always look so, seen at rest, and close to,” replied Mr.
Davenport. “But when they are in motion, and at a distance, there is
something quite majestic about them. They travel very fast, and they
always go upon the trot. It makes no difference if they come to a
fence or other obstruction five or six feet high,—they go right over it,
without seeming to break their trot. I have been told that they will
travel twenty miles an hour, which is almost as fast as our railroad
trains average.”
“I have heard of their being harnessed into sleds—did you ever
see it done?”
“No, but they are sometimes trained in this way, and they make
very fleet teams. The reindeer, which are used to draw sleds in some
parts of Europe, are not so strong or so fleet as our moose.”
“It is curious that their great antlers should come off every year,”
said Clinton.
“Yes, and it is even more curious that such an enormous mass
should grow out again in three or four months’ time. This is about the
time of the year that their new antlers begin to sprout. I saw a pair,
once, that weighed seventy pounds, and expanded over five feet to
the outside of the tips. The moose must have a very strong neck, to
carry this burden about upon his head. When the antlers are
growing, they are quite soft and sensitive, and the moose is very
careful not to injure them. This is one reason, I suppose, why they
frequent the lakes and rivers in the summer and autumn, instead of
roaming through the forests. At these seasons of the year, the hunter
has only to conceal himself on the shore of some pond or lake, and
he is pretty sure to fall in with them. But the best time to hunt them is
in the winter or spring, when they are in their ‘yards,’ as they are
called.”
“Did you ever see a moose-yard, father?”
 “Yes, I saw one a good many years ago. A party of us went back
into the forests on a hunting excursion, one spring, and as near as I
can remember, it was in this very part of the country that we came
across the yard. That was before the loggers came this way, and
frightened away the moose. There were no roads, then, in this
section, and we travelled on foot, on snow shoes, with our guns in
our hands, and our provisions on our backs. Some hours before we
discovered the yard, we knew we were near one, by the trees which
had been barked by them in the fall. Having got upon the right track,
we followed it up, as silently as possible, until we came to the yard.
But the moose had heard or smelt us, and vacated their quarters
before we reached them. The yard we found to be an open space of
several acres, with paths running in every direction, all trodden hard;
for the moose does not break fresh snow, when he can help it.
Nearly all the trees in the vicinity were stripped of their bark, to the
height of eight or ten feet, and the young and tender twigs were
clipped off as smoothly as if it had been done by a knife. We could
not tell how many moose had yarded here, but from the size and
appearance of their quarters, we judged there must have been five
or six. Sometimes they yard alone, but generally a male, female and
two fawns are found together. But we did not stop many moments to
examine their quarters. We soon found their track from the yard, but
we could not tell from this how many there were, for they generally
travel single file, the male going first, and the others stepping exactly
into his tracks. We kept up the pursuit until night, without catching a
sight of our game. We then built a camp of hemlock boughs, made
up a good fire in front of it, ate our supper, and went to bed.
“We started again early the next morning, and had not gone much
more than half a mile, before we found the place where the moose
had spent the night. Some how or other, they can tell when their
pursuers stop, and if tired, they improve the opportunity to rest.
Having gone a little farther, the track divided into two, and our party
concluded to do the same. After several hours’ pursuit, the gang with
which I went came in sight of a moose. He was evidently pretty stiff,
and we gained on him fast, as the thick crust on the snow, while it
aided us, was a great inconvenience to him. Finding at last that he
could not get away from us, he suddenly turned about, and stood
prepared to meet us. But we had no disposition to form a very close
acquaintance with him. One blow with his fore feet, or one kick with
his hind legs, would have killed the first man that approached him.
But he would not leave his place to attack us, and so we had nothing
to do but to lodge a bullet or two in his head, which quickly decided
the contest. We took his hide, and as much of the meat as we could
carry, and went back to meet our companions, who, we found, had
followed up their trail all day without getting sight of any game. At
night they gave up the chase, and returned to the place at which
they had separated from us. That was my first and last moose hunt.
On the whole, we were as successful as most hunting parties are, for
the moose is a very shy animal, and it is difficult to approach within
sight of it, without its taking alarm.”
Mr. Davenport had scarcely finished his moose story when Uncle
Tim’s clearing appeared in sight. As a storm seemed to be gathering,
which might last several days, he concluded to stop here only long
enough for dinner, and then to push his way homeward. Uncle Tim
and his wife and boys were glad to see him and Clinton, and they
seemed quite disappointed when they found their guests were not
going to stop over night. After an hour’s visit, the travellers resumed
their journey, and arrived home early in the evening, without any
remarkable adventure. The storm which Mr. Davenport anticipated,
set in about dark, in the form of rain and sleet, and continued for two
or three days. This kept Clinton in the house, much of the time, and
gave him an opportunity to relate to his mother and Annie the
various incidents of his excursion, which he did with great
minuteness and fidelity.
 CHAPTER XVIII.
WORK AND PLAY.

T HE days were now perceptibly longer, and the sun had begun to
make quite an impression on the huge snow-banks in which
Brookdale had been nearly buried up all winter. “Bare ground,” that
looks so pleasant to the boy in a northern climate, after a long winter,
began to appear in little brown patches, in particularly sunny and
sheltered spots. The ice upon the pond was still quite thick, but it
was too soft and rough for skating. The sled runners cut in so deeply,
that there was little fun in sliding down hill. Besides, skating and
coasting had got to be old stories, and the boys were heartily tired of
all their winter sports. The sleighing was about spoiled, the roads
were sloppy, the fields and meadows impassable, and the woods
uncomfortable. In fact, while all the outdoor amusements of winter
were at an end, it was too early for the various summer games and
sports that supply their places. This brief season, which usually
attends the breaking up of winter in northern latitudes, is generally
the dullest of all the year to boys in the country, unless they are so
fortunate as to be able to amuse themselves indoors, a part of the
time at least.
Clinton’s favorite place of resort, at such seasons, was the shop in
the rear of the house. Here, surrounded with tools, and patterns, and
plans, and specimens of his own work, and perhaps absorbed by
some object upon which he was engaged, he was never at a loss for
amusement. A day or two after his return from the logging camp, he
went to work on the “settle,” which he had determined to make, in
imitation of the one he had seen at Uncle Tim’s. This was a job that
would require some little thinking and planning, as well as skill at
handling tools,—for his mother had promised to give it a place in the
kitchen, if it was well made,—and he felt anxious to do his best on
this occasion. He first sawed out from a plank the two end pieces,
rounding off one corner of each, in a sort of long scroll pattern.
Having planed these smooth, he next made the seat, which was also
of stiff plank, and fastened it firmly in its place. Nothing remained to
be done but to make the back, which was of boards, planed and
matched, and screwed into the end pieces. In the course of a week
the settle was finished; and it was not only neat and well-finished,
but really substantial. It looked as though it might do service full as
long as Uncle Tim’s. Clinton was quite satisfied with his success, and
his mother was so well pleased with the settle, that she not only
decided to place it in the kitchen, but promised to make a handsome
cushion for it.
As Clinton was looking admiringly upon his piece of work, soon
after it was finished, and thinking whether he could improve it in any
respect, the conversation at Uncle Tim’s recurred to his mind, and a
happy thought suggested itself, by which he might associate his
settle with that interview, and thus have constantly before him a
memorial of his trip to the loggers. The next time he had occasion to
go to the store, he bought a small package of brass-headed tacks,
and with these he carried out his new design, which was to inscribe
his initials “C. D.” upon one end of the settle, and the motto, “I’ll
Try,” upon the other. He had seen nails arranged in the form of
letters upon trunks, and he found no difficulty in making his
inscriptions look very well. He surrounded each of them by a single
line of tacks, placed in the form of an oval, which gave the whole
quite a finished look. This improvement elicited from his parents
many additional compliments for the new article of furniture.
The snow was rapidly
disappearing, and the sunny
sides of the hills were quite
bare. The welcome song of
the robin was heard around
the house, proclaiming the
arrival of spring. The brook
which flowed through Mr.
Davenport’s land was
swelled to a miniature
torrent, and Clinton’s ducks,
—whose water privileges had been restricted through the winter to a
small space kept clear of ice by an axe,—now sailed about in all their
glory. The frost soon left the ground,—for it penetrates but slightly,
when the earth is covered with snow all winter,—the moisture rapidly
dried up, and the fields were ready for the plough. For a few weeks
Clinton was employed, much of the time, in the various labors of the
farm. He usually drove the ploughing team, but he sometimes turned
the furrow, by way of change, while his father guided the oxen. Then
came harrowing, manuring, planting, setting out trees, making beds
in the kitchen-garden, and the various other farm operations of
spring, in all of which Clinton assisted his father. He also attended to
his own patch of ground, of which he had the sole care every year.
As they were at work in the kitchen-garden one day, Mr. Davenport
asked Clinton how he should like to take the whole charge of it for
the season.
“Why, I should think I might take care of it, just as well as you, after
it’s all planted,” replied Clinton.
“And should you be willing to assume all the trouble and
responsibility?” inquired his father.
“Yes, sir, I’ll take it and do the best I can,—only, I may want your
advice sometimes.”
“Well, Clinty,” resumed his father, “I’ll make you an offer, and you
may accept it or not, just as you please. After the garden is planted, I
will surrender it entirely into your hands, and you shall do the best
you can with it. You shall keep account of everything that is raised in
it, and at the end of the season we will calculate the value of the
various crops, and I will give you one-fourth of the whole sum, as
your share of the profits. For instance, if the vegetables you raise
come to twenty-five dollars, you shall have six dollars and a quarter
for your services. If, by your good management and the aid of a
favorable season, you raise forty dollars’ worth, you will receive ten
dollars,—and so on in proportion.”
“I’ll do it, I’ll do it,”—said Clinton, eagerly.
 “Wait a moment,” continued Mr. Davenport,—“there are one or two
conditions that must be plainly understood, before we close the
bargain; one is, that you are not to neglect my work, for the sake of
your own. I shall call on you, when I want your assistance in the field,
just as I did last year, and you mustn’t think that what you do in your
garden is to exempt you from all further labor. And you must
understand, too, that if I find you are neglecting the garden at any
time, I shall take it back into my own hands, and you will receive
nothing for your labor. Do you agree to this?”
“Yes, sir; but you’ll allow me time enough to take care of the
garden, wont you?”
“Certainly, you shall have time enough for that, besides some
hours every day, to devote to study and play.”
“Well,” said Clinton, “I’ll agree to all that, and if the garden doesn’t
do well, it shan’t be my fault.”
In a few days the garden was all planted. It was nearly an acre in
extent, and was thickly sowed with vegetables, such as peas, beans,
lettuce, radishes, turnips, cabbages, onions, early potatoes, sweet
corn, cucumbers, squashes, melons, etc. Having done all that he
was to do with it, Mr. Davenport now surrendered it into the keeping
of Clinton. For a few weeks the garden required little care; but by-
and-by the weeds began to spring up, and the various insect tribes
commenced their operations among the tender plants. Clinton now
found plenty to do. He was wise enough, however, not let his work
get behind hand; for had he suffered the bugs and weeds to get a
few days’ start of him, I doubt whether he would have overtaken
them. This was one secret of his success; another was, his
perseverance,—for he generally carried through whatever he
undertook, simply because he was determined to do so. Mr.
Davenport was very well satisfied with the way he managed the
garden; and to encourage him, he was careful not to call him away to
other parts of the farm any more than was necessary.
Clinton generally rode over to the post-office, at the Cross-Roads,
every Saturday afternoon, to get the weekly newspapers to which his
father was a subscriber. One pleasant afternoon, in May, he drove
over as usual, and as the mail had not arrived, he hitched Fanny to a
post, and went away, a short distance, to where a group of small
boys of his acquaintance were collected. They were earnestly and
loudly discussing some point, and when they saw Clinton, one of
them said:—
“There’s Clinton Davenport coming, let’s leave it to him.”
“Yes,” cried one and another,—and the proposition appeared to be
unanimously accepted.
“Well, what is the trouble?” inquired Clinton.
Half a dozen different voices began to answer at once, when
Clinton cut them all short, and told Frank, one of the oldest boys, to
explain the difficulty.
“Why,” said Frank, “you know when we play ‘I spy,’ we tell off the
boy, that’s to lead in the game, in this way:—

‘One-ary, youery, ickery C,

Hackaback, crackaback, titobolee,
Hon-pon, muscadon,
Twiddledum, twaddledum, twenty-one.’”

“‘Tweedledum, twaddledum!’ you goose!” exclaimed one of the

boys; “who ever heard such lingo as that? This is the right way, isn’t
it, Clinton?

‘One-ary, youery, ickery, Ann,

Phillacy, follacy, ticular John;
Queeby, quaby, Irish Mary,
Stinklam, stanklam, buck.’

There, now, isn’t that right?”

“That’s the way we have it here,” replied Clinton,—“but I suppose
they say it different where Frank came from. When Oscar Preston
was here, he used to rattle it off different from both of these; I believe
this is the way he said he learned it:—

‘One-ary, youery, ickery and,

Phillacy, follacy, Nicholas Jones;
Queeby, quaby, Irish Mary,
Huldee, guldee, loo.’”

“Ho! I never heard of that way before,” said one of the boys; “I
guess that’s the latest Boston edition.”
“If you can’t agree on any of these,” said Clinton, “I’ll tell you what
you can do,—you can ‘tell off’ with:—

‘One-zall, zu-zall, zicker-all zan,

Bobtail, vinegar, titter-all, tan,
Harum, scarum, back-out.’

Or, if that doesn’t suit, then take:—

‘Eeny, meeny, mony mite;

Peskalana, bona, strike;
Parago, walk.’”

“Pooh!” said Frank; “that aint right, nor anywhere near it. This is
the way I learned that one:—

‘Eeny, meeny, mony, my;

Pistolanee, bony, sly;
Argy, dargy, walk.’”

The other boys all objected to this version of the saying, but Frank
insisted that if it was not the right one, it was certainly the best.
“I wonder who first made up all these poetries,” said one of the
smaller boys.
 “‘These poetries!’ what grammar do you study, Ned?” said Frank,
with a laugh.
“Well, you know what I mean,” replied Ned; “I knew ’t wasn’t right,
—I only said it just in fun.”
“I don’t know when these rhymes were made,” said Clinton, “but
my father says they used to have them when he was young, and I
suppose the boys have always had something of the kind. Shouldn’t
you like to see all the different kinds printed in a book, Ned?”
“I guess I should,” replied Ned; “what a funny book it would make!”
The mail-stage had now arrived, and Clinton went over to the post-
office. In addition to the usual newspapers, the post-master handed
him two letters. One of them was for Mrs. Preston, for Clinton often
took her letters and papers from the post-office, and delivered them
on his way home. The other letter was addressed to himself. It was
stamped at Boston, and was in the hand-writing of his uncle. The
letter for Mrs. Preston had two or three different post-marks upon it,
and was somewhat dingy, as though it had travelled a great
distance. This, together with the fact that the address was written in
a cramped and awkward hand, led Clinton to suspect, or at least
hope, it was from Jerry. He hurried back as fast as possible, and
when he reached Mrs. Preston’s, his curiosity was so much excited
that he determined to stop and hear who the letter was from. He
watched Mrs. Preston as she first glanced at the address, and then
hastily broke the seal, and before she had read half its contents, he
felt so certain that he had guessed right, that he inquired:—
“Isn’t it from Jerry, Mrs. Preston?”
But Mrs. Preston was too eagerly engaged, to heed his question,
and she continued reading until she had finished the letter, when she
replied:—
“Yes, it is from Jerry, and I’m very much obliged to you for bringing
it. Poor boy! he’s having a hard time of it, but it’s a great satisfaction
to know where he is.”
“Where is he?” inquired Clinton, whose curiosity was now
thoroughly awakened.
 “You may read the letter, if you wish,” said Mrs. Preston, handing it
to Clinton. “Read it aloud, if you please, so that Emily and Harriet
may hear.”
Clinton complied with her request. Correcting the grammar,
spelling, and punctuation, the letter read as follows:—
“Rio Janeiro, March 30.
“Dear Mother,
I write these few lines to let you know I am alive and
well, and I hope this will find you so. You will see from the
date I am a good ways from home. I came here in the brig
Susan, which sailed from Boston in February. We have
had a very rough time. Last week we encountered a
terrible gale, and I thought it was a gone case with us. We
had to put in here to repair damages, and as there is a
chance to send letters home I thought I would write. We
are bound for Valparaiso, and have got to go round Cape
Horn. It is a long voyage, and I guess I shall go to
California before I come home. I don’t like going to sea so
well as I expected, and I don’t mean to go another voyage.
It’s a hard life, I can tell you. I am sorry I took that money,
but I had to have some. I didn’t spend but little of it, but
somebody has stolen the rest—some of the sailors, I
suppose, but I don’t know who. I mean to pay you back
again, out of my wages. I suppose father hasn’t got
through logging yet. I should like to see you all, but I must
wait a spell. Tell Mary I am going to fetch her home a
pretty present, and I shall bring something for the others,
too. I can’t see to write any longer, so good-bye to you all.
Jeremiah Preston.”

“Mother,” said Harriet, as soon as Clinton had finished reading the

letter, “what does Jerry mean about taking money?”
“Don’t ask me any questions now,” replied Mrs. Preston, in a tone
that cut off all further inquiries. Jerry’s theft had been a secret in her
own breast, until now; but as he had alluded to it in his letter, and as
his letter must be read by all the family, she knew it could no longer
be concealed. Still, she was provoked that Harriet should be so
thoughtless as to allude to the subject in the presence of Clinton.
“Emily,” continued Mrs. Preston, “you run and get your atlas, and
let Clinton show us where Jerry is, before he goes.”
The atlas was soon produced, and Clinton, turning to the map of
South America, pointed out to the family the location of Rio Janeiro,
in Brazil, on the Atlantic coast, and Valparaiso, the chief sea-port of
Chili, on the Pacific side of the continent. Then, remembering his
own unopened letter, he bade them good-night, and started for
home.
 CHAPTER XIX.
BITTER FRUITS.

“M OTHER, I’ve got lots of news,” said Clinton, as he entered the

house; “Mrs. Preston’s had a letter from Jerry, and I’ve got
one from Uncle Clinton. Jerry’s gone to sea, and wrote home from
Rio Janeiro. He came near being shipwrecked, and he says he’s got
enough of going to sea. He’s got to go clear round Cape Horn,
though, to Valparaiso, before he can come home.”
“And what does your Uncle Clinton write?”
“O, I haven’t read that yet, but I’m going to now,” said Clinton; and
he sat down and opened his letter. “See what a long one it is,” he
added, holding it open; “I wonder what it can all be about.” It was as
follows:—
“Boston, May 12, 185-.
“My Dear Nephew and Namesake,
It’s a long while since you have had a letter from me,
and I suppose you will wonder what is going to happen
when you see this; but don’t be frightened—there’s
nothing alarming in the wind. We all felt very sorry, when
your father wrote us that your anticipated visit to Boston
this spring must be postponed. Willie, in particular, was
sadly disappointed. He had set his heart on having a nice
time with you—piloting you around the city, showing you
the ‘elephants,’ and making himself generally useful and
agreeable. And will you believe it, the silly fellow actually
‘boo-hooed right out’ when your father’s letter came, and
put a wet blanket on his anticipations. Well, never mind,
you’ll come this summer or fall, wont you? I’ve promised
Willie you shall, and as I always keep my promises, you
see there is no backing out of that. Tell your father that he