In this story, two cousins, Blandford and John Carteret, run a mill supplies and leather belting business in New York.
Blandford receives a letter from his mother, informing him that their old family servant, Uncle Jake, is coming to visit and bring him a watch that belonged to his father.
"I reckon you done got you ma's letter," went on Uncle Jake. "She said she was gwine to write to you 'bout my comin' along up this er-way."
When Uncle Jake arrives, he is unable to distinguish between the two cousins and is unsure who to give the watch to.
"I knowed you, Marse Blandford, the minute I sot eyes on you. You was a po' skimpy little boy no mo' than about fo'teen when you lef' home to come No'th; but I knowed you the minute I sot eyes on you."
To settle the matter, they decide to bring in a young woman named Olivia De Ormond, who claims that Blandford proposed to her and she has letters to prove it.
She demands either $10,000 or for Blandford to fulfill the engagement. Blandford's cousin, John, intervenes and explains that they come from a proud and honorable family. He offers Olivia the money, and she accepts it and leaves. Finally, Uncle Jake presents the watch to Blandford, and the story ends.