Tom is walking through the forest that is supposedly haunted and he meets a black man who was dressed in "a rude half-indian garb,had a red belt or sash swathed around his body" and he is offered a deal in exchange for his soul.
Tom notifies his wife of the deal he had made and she states that he should take the deal but Tom says no to mainly annoy her. So Tom's wife goes into the forest seeking out the devil and does not return
Tom accepts the deal that the Devil had offered and becomes a corrupt money lender that the poor depend on and makes large amounts of money
After years and years of stealing and taking money from people, Tom starts to think about his life after he dies because he will be bound to the Devil because of the deal he made and he decides to start to go to church in the hopes of changing this
Sadly, the outcome of Tom's death is still the same because even though he started to go to church, he did not change his actions; Tom was still laundering money from poor people and he did not have a change of heart. He is swept away by a figure while all of the wealth he acquired in his lifetime was burnt to the ground