SPONGE.
'To W.WAFFLES, Esq., 'Imperial Hotel, Laverick Wells.' Mr.Waffles was a good deal vexed and puzzled when he got this letter.

He had parted with the horse, who was gone no one knew where, and Mr.Waffles felt that he had used a certain freedom of speech in speaking of the transaction.

Mr.Sponge having left Laverick Wells, had, perhaps, led him a little astray with his tongue--slandering an absent man being generally thought a pretty safe game; it now seemed Mr.Waffles was all wrong, and might have had his money back if he had not been in such a hurry to part with the horse.

Like a good many people, he thought he had best eat up his words, which he did in the following manner: 'IMPERIAL HOTEL, LAVERICK WELLS.
'DEAR MR.

SPONGE, 'You are quite mistaken in supposing that I ever insinuated anything against _you_ with regard to the horse.