The Firm of Girdlestone
by Arthur Conan Doyle
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The rectorial election had come and had gone, but another great event had taken its place. It was the day of the England and Scotland Rugby match.

Better weather could not have been desired. The morning had been hazy, but as the sun shone out the fog had gradually risen, until now there remained but a suspicion of it, floating like a plume, above the frowning walls of Edinburgh Castle, and twining a fairy wreath round the unfinished columns of the national monument upon the Calton Hill. The broad stretch of the Prince's Street Gardens, which occupy the valley between the old town and the new, looked green and spring-like, and their fountains sparkled merrily in the sunshine. Their wide expanse, well-trimmed and bepathed, formed a strange contrast to the rugged piles of grim old houses which bounded them upon the other side and the massive grandeur of the great hill beyond, which lies like a crouching lion keeping watch and ward, day and night, over the ancient capital of the Scottish kings. Travellers who have searched the whole world round have found no fairer view.

So thought three of the genus who were ensconced that forenoon in the bow windows of the Royal Hotel and gazed across the bright green valley at the dull historical background beyond. One we already know, a stoutish gentleman, ruddy-faced and black-eyed, with check trousers, light waistcoat and heavy chain, legs widely parted, his hands in his pockets, and on his face that expression of irreverent and critical approval with which the travelled Briton usually regards the works of nature. By his side was a young lady in a tight-fitting travelling dress, with trim leather belt and snow-white collar and cuffs. There was no criticism in her sweet face, now flushed with excitement— nothing but unqualified wonder and admiration at the beautiful scene before her. An elderly placid-faced woman sat in a basket chair in the recess, and looked up with quiet loving eyes at the swift play of emotions which swept over the girl's eager features.

"Oh, Uncle George," she cried, "it is really too heavenly. I cannot realize that we are free. I can't help fearing that it is all a dream, and that I shall wake up to find myself pouring out Ezra Girdlestone's coffee, or listening to Mr. Girdlestone as he reads the morning quotations."

The elder woman stroked the girl's hand caressingly with her soft, motherly palm. "Don't think about it," she murmured.

"No, don't think about it," echoed the doctor. "My wife is quite right. Don't think about it. But, dear me, what a job I had to persuade your guardian to let you go. I should have given it up in despair—I really should—if I had not known that you had set your heart upon it."

"Oh, how good you both are to me!" cried the girl, in a pretty little gush of gratitude.

"Pooh, pooh, Kate! But as to Girdlestone, he is perfectly right. If I had you I should keep you fast to myself, I promise you. Eh, Matilda?"

"That we would, George."

"Perfect tyrants, both of us. Eh, Matilda?"

"Yes, George."

"I am afraid that I am not very useful in a household," said the girl. "I was too young to look after things for poor papa. Mr. Girdlestone, of course, has a housekeeper of his own. I read the Financial News to him after dinner every day, and I know all about stock and Consols and those American railways which are perpetually rising and falling. One of them went wrong last week, and Ezra swore, and Mr. Girdlestone said that the Lord chastens those whom He loves. He did not seem to like being chastened a bit though. But how delightful this is! It is like living in another world."

The girl was a pretty figure as she stood in the window, tall, lithe, and graceful, with the long soft curves of budding womanhood. Her face was sweet rather than beautiful, but an artist would have revelled in the delicate strength of the softly rounded chin, and the quick bright play of her expression. Her hair, of a deep rich brown, with a bronze shimmer where a sunbeam lay athwart it, swept back in those thick luxuriant coils which are the unfailing index of a strong womanly nature. Her deep blue eyes danced with life and light, while her slightly retrousse nose and her sensitive smiling mouth all spoke of gentle good humour. From her sunny face to the dainty little shoe which peeped from under the trim black skirt, she was an eminently pleasant object to look upon. So thought the passers-by as they glanced up at the great bow window, and so, too, thought a young gentleman who had driven up to the hotel door, and who now bounded up the steps and into the room. He was enveloped in a long shaggy ulster, which stretched down to his ankles, and he wore a velvet cap trimmed with silver stuck carelessly on the back of his powerful yellow curled head.

"Here is the boy!" cried his mother gaily.

"How are you, mam dear?" he cried, stooping over her to kiss her. "How are you, dad? Good morning, Cousin Kate. You must come down and wish us luck. What a blessing that it is pretty warm. It is miserable for the spectators when there is an east wind. What do you think of it, dad?"

"I think you are an unnatural young renegade to play against your mother country," said the sturdy doctor.

"Oh, come, dad! I was born in Scotland, and I belong to a Scotch club. Surely that is good enough."

"I hope you lose, then."

"We are very likely to. Atkinson, of the West of Scotland, has strained his leg, and we shall have to play Blair, of the Institution, at full back—not so good a man by a long way. The odds are five to four on the English this morning. They are said to be the very strongest lot that ever played in an International match. I have brought a cab with me, so the moment you are ready we can start."

There were others besides the students who were excited about the coming struggle. All Edinburgh was in a ferment. Football is, and always has been, the national game of Scotland among those who affect violent exercise, while golf takes its place with the more sedately inclined. There is no game so fitted to appeal to a hardy and active people as that composite exercise prescribed by the Rugby Union, in which fifteen men pit strength, speed, endurance, and every manly attribute they possess in a prolonged struggle against fifteen antagonists. There is no room for mere knack or trickery. It is a fierce personal contest in which the ball is the central rallying point. That ball may be kicked, pushed, or carried; it may be forced onwards in any conceivable manner towards the enemy's goal. The fleet of foot may seize it and by superior speed thread their way through the ranks of their opponents. The heavy of frame may crush down all opposition by dead weight. The hardiest and most enduring must win.

Even matches between prominent local clubs excite much interest in Edinburgh and attract crowds of spectators. How much more then when the pick of the manhood of Scotland were to try their strength against the very cream of the players from the South of the Tweed. The roads which converged on the Raeburn Place Grounds, on which the match was to be played, were dark with thousands all wending their way in one direction. So thick was the moving mass that the carriage of the Dimsdale party had to go at a walk for the latter half of the journey, In spite of the objurgations of the driver, who, as a patriot, felt the responsibility which rested upon him in having one of the team in his charge, and the necessity there was for delivering him up by the appointed time. Many in the crowd recognized the young fellow and waved their hands to him or called out a few words of encouragement. Miss Kate Harston and even the doctor began to reflect some of the interest and excitement which showed itself on every face around them. The youth alone seemed to be unaffected by the general enthusiasm, and spent the time in endeavouring to explain the principles of the game to his fair companion, whose ignorance of it was comprehensive and astounding.

"You understand," he said, "that there are fifteen players on each side. But it would not do for the whole of these fifteen men to play in a crowd, for, in that case, if the other side forced the ball past them, they would have nothing to fall back upon—no reserves, as it were. Therefore, as we play the game in Scotland, ten men are told off to play in a knot. They are picked for their weight, strength, and endurance. They are called the forwards, and are supposed to be always on the ball, following it everywhere, never stopping or tiring. They are opposed, of course, by the forwards of the other side. Now, immediately behind the forwards are the two quarter-backs. They should be very active fellows, good dodgers and fast runners. They never join in the very rough work, but they always follow on the outskirts of the forwards, and if the ball is forced past it is their duty to pick it up and make away with it like lightning. If they are very fast they may succeed in carrying it a long way before they are caught—'tackled,' as we call it. It is their duty also to keep their eye on the quarter-backs of the enemy, and to tackle them if they get away. Behind them again are the two half-backs—or 'three-quarters,' as they call them in England. I am one of them. They are supposed to be fast runners too, and a good deal of the tackling comes to their lot, for a good runner of the other side can often get past the quarters, and then the halves have got to bring him down. Behind the half-backs is a single man—the back. He is the last resource when all others are past. He should be a sure and long kicker, so as to get the ball away from the goal by that means—but you are not listening."

"Oh yes, I am," said Kate. As a matter of fact the great throng and the novel sights were distracting her so much that she found it hard to attend to her companion's disquisition.

"You'll understand it quickly enough when you see it," the student remarked cheerily. "Here we are at the grounds."

As he spoke the carriage rattled through a broad gateway into a large open grassy space, with a great pavilion at one side of it and a staked enclosure about two hundred yards long and a hundred broad, with a goal-post at each end. This space was marked out by gaily coloured flags, and on every side of it, pressing against the barrier the whole way round, was an enormous crowd, twenty and thirty deep, with others occupying every piece of rising ground or coign of vantage behind them. The most moderate computation would place the number of spectators at fifteen thousand. At one side there was a line of cabs in the background, and thither the carriage of the Dimsdales drove, while Tom rushed off with his bag to the pavilion to change.

It was high time to do so, for just as the carriage took up its position a hoarse roar burst from the great multitude, and was taken up again and again. It was a welcome to the English team, which had just appeared upon the ground. There they were, clad in white knickerbockers and jerseys, with a single red rose embroidered upon their breasts; as gallant-looking a set of young fellows as the whole world could produce. Tall, square-shouldered, straight-limbed, as active as kittens and as powerful as young bullocks, it was clear that they would take a lot of beating. They were the pick of the University and London clubs, with a few players from the northern counties; not a man among them whose name was not known wherever football was played. That tall, long-legged youth is Evans, the great half-back, who is said to be able to send a drop-kick further than any of his predecessors in the annals of the game. There is Buller, the famous Cambridge quarter, only ten stone in weight, but as lithe and slippery as an eel; and Jackson, the other quarter, is just such another—hard to tackle himself, but as tenacious as a bulldog in holding an adversary. That one with the straw-coloured hair is Coles, the great forward; and there are nine lads of metal who will stand by him to-day through thick and thin. They were a formidable-looking lot, and betting, which had been five on four to them in the morning, showed symptoms of coming to five to three. In the meantime, by no means abashed at finding themselves the cynosure of so many eyes, the Englishmen proceeded to keep up their circulation by leap-frog and horse-play, for their jerseys were thin and the wind bleak.

But where were their adversaries? A few impatient moments slowly passed, and then from one corner of the ground there rose a second cheer, which rippled down the long line of onlookers and swelled into a mighty shout as the Scotchmen vaulted over the barrier into the arena. It was a nice question for connoisseurs in physical beauty as to which team had the best of it in physique. The Northerners in their blue jerseys, with a thistle upon their breasts, were a sturdy, hard-bitten lot, averaging a couple of pounds more in weight than their opponents. The latter were, perhaps, more regularly and symmetrically built, and were pronounced by experts to be the faster team, but there was a massive, gaunt look about the Scotch forwards which promised well for their endurance. Indeed, it was on their forwards that they principally relied. The presence of three such players as Buller, Evans, and Jackson made the English exceptionally strong behind, but they had no men in front who were individually so strong and fast as Miller, Watts, or Grey. Dimsdale and Garraway, the Scotch half-backs, and Tookey, the quarter, whose blazing red head was a very oriflamme wherever the struggle waxed hottest, were the best men that the Northerners could boast of behind.

The English had won the choice of goals, and elected to play with what slight wind there was at their backs. A small thing may turn the scale between two evenly balanced teams. Evans, the captain, placed the ball in front of him upon the ground, with his men lined all along on either side, as eager as hounds in leash. Some fifty yards in front of him, about the place where the ball would drop, the blue-vested Scots gathered in a sullen crowd. There was a sharp ring from a bell, a murmur of excitement from the crowd. Evans took two quick steps forward, and the yellow ball flew swift and straight, as if it had been shot from a cannon, right into the expectant group in front of him.

For a moment there was grasping and turmoil among the Scotchmen. Then from the crowd emerged Grey, the great Glasgow forward, the ball tucked well under his arm, his head down, running like the wind, with his nine forwards in a dense clump behind him, ready to bear down all opposition, while the other five followed more slowly, covering a wider stretch of ground. He met the Englishmen who had started full cry after the ball the moment that their captain had kicked it. The first hurled himself upon him. Grey, without slackening his pace, swerved slightly, and he missed him. The second he passed in the same way, but the third caught quickly at his legs, and the Scot flew head over heels and was promptly collared. Not much use collaring him now! In the very act of falling he had thrown the ball behind him. Gordon, of Paisley, caught it and bore it on a dozen yards, when he was seized and knocked down, but not before he had bequeathed his trust to another, who struggled manfully for some paces before he too was brought to the ground. This pretty piece of "passing" had recovered for the Scotch all the advantage lost by the English kick-off, and was greeted by roars of applause from the crowd.

And now there is a "maul" or "scrimmage." Was there ever another race which did such things and called it play! Twenty young men, so blended and inextricably mixed that no one could assign the various arms and legs to their respective owners, are straining every muscle and fibre of their bodies against each other, and yet are so well balanced that the dense clump of humanity stands absolutely motionless. In the centre is an inextricable chaos where shoulders heave and heads rise and fall. At the edges are a fringe of legs—legs in an extreme state of tension— ever pawing for a firmer foothold, and apparently completely independent of the rest of their owners, whose heads and bodies have bored their way Into the melee. The pressure in there is tremendous, yet neither side gives an inch. Just on the skirts of the throng, with bent bodies and hands on knees, stand the cool little quarter-backs, watching the gasping giants, and also keeping a keen eye upon each other. Let the ball emerge near one of these, and he will whip it up and be ten paces off before those in the "maul" even know that it is gone. Behind them again are the halves, alert and watchful, while the back, with his hands in his pockets, has an easy consciousness that he will have plenty of warning before the ball can pass the four good men who stand between the "maul" and himself.

Now the dense throng sways a little backwards and forwards. An inch is lost and an inch is gained. The crowd roar with delight. "Mauled, Scotland!" "Mauled England!" "England!" "Scotland!" The shouting would stir the blood of the mildest mortal that ever breathed. Kate Harston stands in the carriage, rosy with excitement and enjoyment. Her heart is all with the wearers of the rose, in spite of the presence of her old play-mate in the opposite ranks. The doctor is as much delighted as the youngest man on the ground, and the cabman waves his arms and shouts in a highly indecorous fashion. The two pounds' difference in weight is beginning to tell. The English sway back a yard or two. A blue coat emerges among the white ones. He has fought his way through, but has left the ball behind him, so he dashes round and puts his weight behind it once more. There is a last upheaval, the maul is split in two, and through the rent come the redoubtable Scotch forwards with the ball amongst them. Their solid phalanx has scattered the English like spray to right and left. There is no one in front of them, no one but a single little man, almost a boy in size and weight. Surely he cannot hope to stop the tremendous rush. The ball is a few yards in advance of the leading Scot when he springs forward at it. He seizes it an instant before his adversary, and with the same motion writhes himself free from the man's grasp. Now is the time for the crack Cambridge quarter-back to show what he is made of. The crowd yell with excitement. To right and left run the great Scotch forwards, grasping, slipping, pursuing, and right in the midst of them, as quick and as erratic as a trout in a pool, runs the calm-faced little man, dodging one, avoiding another, slipping between the fingers of two others. Surely he is caught now. No, he has passed all the forwards and emerges from the ruck of men, pelting along at a tremendous pace. He has dodged one of the Scotch quarters, and outstripped the other. "Well played, England!" shout the crowd. "Well run, Buller!" "Now, Tookey!" "Now, Dimsdale!" "Well collared, Dimsdale; well collared, indeed!" The little quarter-back had come to an end of his career, for Tom had been as quick as he and had caught him round the waist as he attempted to pass, and brought him to the ground. The cheers were hearty, for the two half-backs were the only University men in the team, and there were hundreds of students among the spectators. The good doctor coloured up with pleasure to hear his boy's name bellowed forth approvingly by a thousand excited lungs.

The play is, as all good judges said it would be, very equal. For the first forty minutes every advantage gained by either side had been promptly neutralized by a desperate effort on the part of the other. The mass of struggling players has swayed backwards and forwards, but never more than twenty or thirty yards from the centre of the ground. Neither goal had been seriously threatened as yet. The spectators fail to see how the odds laid on England are justified, but the "fancy" abide by their choice. In the second forty it is thought that the superior speed and staying power of the Southerners will tell over the heavier Scots. There seems little the matter with the latter as yet, as they stand in a group, wiping their grimy faces and discussing the state of the game; for at the end of forty minutes the goals are changed and there is a slight interval.

And now the last hour is to prove whether there are good men bred in the hungry North as any who live on more fruitful ground and beneath warmer skies. If the play was desperate before, it became even more so now. Each member of either team played as if upon him alone depended the issue of the match. Again and again Grey, Anderson, Gordon, and their redoubtable phalanx of dishevelled hard-breathing Scots broke away with the ball; but as often the English quarter and half-backs, by their superior speed, more than made up for the weakness of their forwards, and carried the struggle back into the enemy's ground. Two or three time Evans, the long-kicker, who was credited with the power of reaching the goal from almost any part of the ground, got hold of the ball, but each time before he could kick he was charged by some one of his adversaries. At last, however, his chance came. The ball trickled out of a maul into the hands of Buller, who at once turned and threw it to the half-back behind him. There was no time to reach him. He took a quick glance at the distant goal, a short run forward, and his long limb swung through the air with tremendous force. There was a dead silence of suspense among the crowd as the ball described a lofty parabola. Down it came, down, down, as straight and true as an arrow, just grazing the cross-bar and pitching on the grass beyond, and the groans of a few afflicted patriots were drowned in the hearty cheers which hailed the English goal.

But the victory was not won yet. There were ten minutes left for the Scotchmen to recover this blow or for the Englishmen to improve upon it. The Northerners played so furiously that the ball was kept down near the English goal, which was only saved by the splendid defensive play of their backs. Five minutes passed, and the Scots in turn were being pressed back. A series of brilliant runs by Buller, Jackson, and Evans took the fight into the enemy's country, and kept it there. It seemed as if the visitors meant scoring again, when a sudden change occurred in the state of affairs. It was but three minutes off the calling of time when Tookey, one of the Scotch quarter-backs, got hold of the ball, and made a magnificent run, passing right through the opposing forwards and quarters. He was collared by Evans, but immediately threw the ball behind him. Dimsdale had followed up the quarter-back and caught the ball when it was thrown backwards. Now or never! The lad felt that he would sacrifice anything to pass the three men who stood between him and the English goal. He passed Evans like the wind before the half-back could disentangle himself from Tookey. There were but two now to oppose him. The first was the other English half-back, a broad-shouldered, powerful fellow, who rushed at him; but Tom, without attempting to avoid him, lowered his head and drove at him full tilt with such violence that both men reeled back from the collision. Dimsdale recovered himself first, however, and got past before the other had time to seize him. The goal was now not more than twenty yards off, with only one between Tom and it, though half a dozen more were in close pursuit. The English back caught him round the waist, while another from behind seized the collar of his jersey, and the three came heavily to the ground together. But the deed was done. In the very act of falling he had managed to kick the ball, which flickered feebly up into the air and just cleared the English bar. It had scarcely touched the ground upon the other side when the ringing of the great bell announced the termination of the match, though its sound was entirely drowned by the tumultuous shouting of the crowd. A thousand hats were thrown into the air, ten thousand voices joined in the roar, and meanwhile the cause of all this outcry was still sitting on the ground, smiling, it is true, but very pale, and with one of his arms dangling uselessly from his shoulder.

Well, the breaking of a collar-bone is a small price to pay for the saving of such a match as that. So thought Tom Dimsdale as he made for the pavilion, with his father keeping off the exultant crowd upon one side and Jack Garraway upon the other. The doctor butted a path through the dense half-crazy mob with a vigour which showed that his son's talents in that direction were hereditary. Within half an hour Tom was safely ensconced in the corner of the carriage, with his shoulder braced back, secundum artem, and his arm supported by a sling. How quietly and deftly the two women slipped a shawl here and a rug there to save him from the jarring of the carriage! It is part of the angel nature of woman that when youth and strength are maimed and helpless they appeal to her more than they can ever do in the pride and flush of their power. Here lies the compensation of the unfortunate. Kate's dark blue eyes filled with ineffable compassion as she bent over him; and he, catching sight of that expression, felt a sudden new unaccountable spring of joy bubble up in his heart, which made all previous hopes and pleasures seem vapid and meaningless. The little god shoots hard and straight when his mark is still in the golden dawn of life. All the way back he lay with his head among the cushions, dreaming of ministering angels, his whole soul steeped in quiet contentment as it dwelt upon the sweet earnest eyes which had looked so tenderly into his. It had been an eventful day with the student. He had saved his side, he had broken his collar-bone, and now, most serious of all, he had realized that he was hopelessly in love.



Within a few weeks of his recovery from his accident Tom Dimsdale was to go up for his first professional examination, and his father, who had now retired from practice with a fair fortune, remained in Edinburgh until that event should come off. There had been some difficulty in persuading Girdlestone to give his consent to this prolongation of his ward's leave, but the old merchant was very much engrossed with his own affairs about that time, which made him more amenable than he might otherwise have been. The two travellers continued, therefore, to reside in their Princes Street hotel, but the student held on to his lodgings in Howe Street, where he used to read during the morning and afternoon. Every evening, however, he managed to dine at the Royal, and would stay there until his father packed him off to his books once more. It was in vain for him to protest and to plead for another half-hour. The physician was inexorable. When the fated hour came round the unhappy youth slowly gathered together his hat, his gloves, and his stick, spreading out that operation over the greatest possible extent of time which it could by any means be made to occupy. He would then ruefully bid his kinsfolk adieu, and retire rebelliously to his books.

Very soon, however, he made a discovery. From a certain seat in the Princes Street Gardens it was possible to see the interior of the sitting-room in which the visitors remained after dinner. From the time when this fact dawned upon him, his rooms in the evening knew him no more. The gardens were locked at night, but that was a mere trifle. He used to scramble over the railings like a cat, and then, planting himself upon the particular seat, he would keep a watch upon the hotel window until the occupants of the room retired to rest. It might happen that his cousin remained invisible. Then he would return to his rooms in a highly dissatisfied state, and sit up half the night protesting against fate and smoking strong black tobacco. On the other hand, if he had the good luck to see the graceful figure of his old playfellow, he felt that that was the next best thing to being actually in her company, and departed eventually in a more contented frame of mind. Thus, when Dr. Dimsdale fondly imagined his son to be a mile away grappling with the mysteries of science, that undutiful lad was in reality perched within sixty yards of him, with his thoughts engrossed by very different matters.

Kate could not fail to understand what was going on. However young and innocent a girl may be, there is always some subtle feminine instinct which warns her that she is loved. Then first she realizes that she has passed the shadowy frontier line which divides the child-life from that of the woman. Kate felt uneasy and perplexed, and half involuntarily she changed her manner towards him.

It had been frank and sisterly; now it became more distant and constrained. He was quick to observe the change, and in private raved and raged at it. He even made the mistake of showing his pique to her, upon which she became still more retiring and conventional. Then be bemoaned himself in the sleepless watches of the night, and confided to his bed-post that in his belief such a case had never occurred before in the history of the world, and never by any chance could or would happen again. He also broke out into an eruption of bad verses, which were found by his landlady during her daily examination of his private papers, and were read aloud to a select audience of neighbours, who were all much impressed, and cackled sympathetically among themselves.

By degrees Tom developed other symptoms of the distemper which had come upon him so suddenly. He had always been remarkable for a certain towsiness of appearance and carelessness of dress which harmonized with his Bohemian habits. All this he suddenly abjured. One fine morning he paid successive visits to his tailor, his boot-maker, his hatter, and his hosier, which left all those worthy tradesmen rubbing their hands with satisfaction. About a week afterwards he emerged from his rooms in a state of gorgeousness which impressed his landlady and amazed his friends. His old college companions hardly recognized Tom's honest phiz as it looked out above the most fashionable of coats and under the glossiest of hats.

His father was anything but edified by the change.

"I don't know what's coming over the lad, Kate," he remarked after one of his visits. "If I thought he was going to turn to a fop, by the Lord Harry I'd disown him! Don't you notice a change in him yourself?"

Kate managed to evade the question, but her bright blush might have opened the old man's eyes had he observed it. He hardly realized yet that his son really was a man, and still less did he think of John Harston's little girl as a woman. It is generally some comparative stranger who first makes that discovery and brings it home to friends and relatives.

Love has an awkward way of intruding itself at inconvenient times, but it never came more inopportunely than when it smote one who was reading for his first professional examination. During these weeks, when Tom was stumping about in boots which were two sizes too small for him, in the hope of making his muscular, well-formed foot a trifle more elegant, and was splitting gloves in a way which surprised his glover, all his energies ought by rights to have been concentrated upon the mysteries of botany, chemistry, and zoology. During the precious hours that should have been devoted to the mastering of the sub-divisions of the celenterata or the natural orders of endogenous plants, he was expending his energies in endeavouring to recall the words of the song which his cousin had sung the evening before, or to recollect the exact intonation with which she remarked to him that it had been a fine day, or some other equally momentous observation. It follows that, as the day of the examination came round, the student, in his lucid intervals, began to feel anxious for the result. He had known his work fairly well, however, at one time, and with luck he might pull through. He made an energetic attempt to compress a month's reading into a week, and when the day for the written examination came round he had recovered some of his lost ground. The papers suited him fairly well, and he felt as he left the hall that he had had better fortune than he deserved. The viva voce ordeal was the one, however, which he knew would be most dangerous to him, and he dreaded it accordingly.

It was a raw spring morning when his turn came to go up. His father and Kate drove round with him to the University gates.

"Keep up your pluck, Tom," the old gentleman said. "Be cool, and have all your wits about you. Don't lose your head, whatever you do."

"I seem to have forgotten the little I ever knew," Tom said dolefully, as he trudged up the steps. As he looked back he saw Kate wave her hand to him cheerily, and it gave him fresh heart.

"We shall hope to see you at lunch time," his father shouted after him. "Mind you bring us good news." As he spoke the carriage rattled away down the Bridges, and Tom joined the knot of expectant students who were waiting at the door of the great hall.

A melancholy group they were, sallow-faced, long-visaged and dolorous, partly from the effects of a long course of study and partly from their present trepidation. It was painful to observe their attempts to appear confident and unconcerned as they glanced round the heavens, as if to observe the state of the weather, or examined with well-feigned archaeological fervour the inscriptions upon the old University walls. Most painful of all was it, when some one, plucking up courage, would venture upon a tiny joke, at which the whole company would gibber in an ostentatious way, as though to show that even in this dire pass the appreciation of humour still remained with them. At times, when any of their number alluded to the examination or detailed the questions which had been propounded to Brown or Baker the day before, the mask of unconcern would be dropped, and the whole assembly would glare eagerly and silently at the speaker. Generally on such occasions matters are made infinitely worse by some Job's comforter, who creeps about suggesting abstruse questions, and hinting that they represent some examiner's particular hobby. Such a one came to Dimsdale's elbow, and quenched the last ray of hope which lingered in the young man's bosom.

"What do you know about cacodyl?" was his impressive question.

"Cacodyl?" Tom cried aghast. "It's some sort of antediluvian reptile, isn't it?"

The questioner broke into a sickly smile. "No," he said. "It's an organic explosive chemical compound. You're sure to be asked about cacodyl. Tester's dead on it. He asks every one how it is prepared."

Tom, much perturbed at these tidings, was feverishly endeavouring to extract some little information from his companion concerning the compound, when a bell rang abruptly inside the room and a janitor with a red face and a blue slip of paper appeared at the door.

"Dillon, Dimsdale, Douglas," this functionary shouted in a very pompous voice, and three unhappy young men filed through the half-opened door into the solemn hall beyond.

The scene inside was not calculated to put them at their ease. Three tables, half a dozen yards from each other, were littered with various specimens and scientific instruments, and behind each sat two elderly gentlemen, stern-faced and critical. At one side were stuffed specimens of various small beasts, numerous skeletons and skulls, large jars containing fish and reptiles preserved in spirits of wine, jawbones with great teeth which grinned savagely at the unfortunate candidate, and numerous other zoological relics. The second table was heaped over with a blaze of gorgeous orchids and tropical plants, which looked strangely out of place in the great bleak room. A row of microscopes bristled along the edge. The third was the most appalling of all, for it was bare with the exception of several sheets of paper and a pencil. Chemistry was the most dangerous of the many traps set to ensnare the unwary student.

"Dillon—botany; Dimsdale—zoology; Douglas—chemistry," the janitor shouted once more, and the candidates moved in front of the respective tables. Tom found himself facing a great spider crab, which appeared to be regarding him with a most malignant expression upon its crustacean features. Behind the crab sat a little professor, whose projecting eyes and crooked arms gave him such a resemblance to the creature in front that the student could not help smiling.

"Sir," said a tall, clean-shaven man at the other end of the table, "be serious. This is no time for levity."

Tom's expression after that would have made the fortune of a mute.

"What is this?" asked the little professor, handing a small round object to the candidate.

"It is an echinus—a sea-urchin," Tom said triumphantly.

"Have they any circulation?" asked the other examiner.

"A water vascular system."

"Describe it."

Tom started off fluently, but it was no part of the policy of the examiners to allow him to waste the fifteen minutes allotted them in expatiating upon what he knew well. They interrupted him after a few sentences.

"How does this creature walk?" asked the crab-like one.

"By means of long tubes which it projects at pleasure."

"How do the tubes enable the creature to walk?"

"They have suckers on them."

"What are the suckers like?"

"They are round hollow discs."

"Are you sure they are round?" asked the other sharply.

"Yes," said Tom stoutly, though his ideas on the subject were rather vague."

"And how does this sucker act?" asked the taller examiner.

Tom began to feel that these two men were exhibiting a very unseemly curiosity. There seemed to be no satiating their desire for information. "It creates a vacuum," he cried desperately.

"How does it create a vacuum?"

"By the contraction of a muscular pimple in the centre," said Tom, in a moment of inspiration.

"And what makes this pimple contract?"

Tom lost his head, and was about to say "electricity," when he happily checked himself and substituted "muscular action."

"Very good," said the examiners, and the student breathed again. The taller one returned to the charge, however, with, "And this muscle—is it composed of striped fibres or non-striped?"

"Non-striped," shrieked Tom at a venture, and both examiners rubbed their hands and murmured, "Very good, indeed!" at which Tom's hair began to lie a little flatter, and he ceased to feel as if he were in a Turkish bath.

"How many teeth has a rabbit?" the tall man asked suddenly.

"I don't know," the student answered with candour.

The two looked triumphantly at one another.

"He doesn't know!" cried the goggle-eyed one decisively.

"I should recommend you to count them the next time you have one for dinner," the other remarked. As this was evidently meant for a joke, Tom had the tact to laugh, and a very gruesome and awe-inspiring laugh it was too.

Then the candidate was badgered about the pterodactyl, and concerning the difference in anatomy between a bat and a bird, and about the lamprey, and the cartilaginous fishes, and the amphioxus. All these questions he answered more or less to the satisfaction of the examiners—generally less. When at last the little bell tinkled which was the sign for candidates to move on to other tables, the taller man leaned over a list in front of him and marked down upon it the following hieroglyphic:—

"S. B.—."

This Tom's sharp eye at once detected, and he departed well pleased, for he knew that the "S. B." meant satis bene, and as to the minus sign after it, it mattered little to him whether he had done rather more than well or rather less. He had passed in zoology, and that was all which concerned him at present.



But there were pitfalls ahead. As he moved to the botany table a grey-bearded examiner waved his hand in the direction of the row of microscopes as an intimation that the student was to look through them and pronounce upon what he saw. Tom seemed to compress his whole soul into his one eye as he glared hopelessly through the tube at what appeared to him to resemble nothing so much as a sheet of ice with the marks of skates upon it.

"Come along, come along!" the examiner growled impatiently. Courtesy is conspicuous by its absence in most of the Edinburgh examinations. "You must pass on to the next one, unless you can offer an opinion."

This venerable teacher of botany, though naturally a kind-hearted man, was well known as one of the most malignant species of examiners, one of the school which considers such an ordeal in the light of a trial of strength between their pupils and themselves. In his eyes the candidate was endeavouring to pass, and his duty was to endeavour to prevent him, a result which, in a large proportion of cases, he successfully accomplished.

"Hurry on, hurry on!" he reiterated fussily.

"It's a section of a leaf," said the student.

"It's nothing of the sort," the examiner shouted exultantly. "You've made a bad mistake, sir; a very bad one, indeed. It's the spirilloe of a water plant. Move on to the next."

Tom, in much perturbation of mind, shuffled down the line and looked through the next brazen tube. "This is a preparation of stomata," he said, recognizing it from a print in his book on botany.

The professor shook his head despondingly. "You are right," he said; "pass on to the next."

The third preparation was as puzzling to the student as the first had been, and he was steeling himself to meet the inevitable when an unexpected circumstance turned the scale in his favour. It chanced that the other examiner, being somewhat less of a fossil than his confreres, and having still vitality enough to take an interest in things which were foreign to his subject, had recognized the student as being the young hero who had damaged himself in upholding the honour of his country. Being an ardent patriot himself his heart warmed towards Tom, and perceiving the imminent peril in which he stood he interfered in his behalf, and by a few leading questions got him on safer ground, and managed to keep him there until the little bell tinkled once more. The younger examiner showed remarkable tact in feeling his way, and keeping within the very limited area of the student's knowledge. He succeeded so well, however, that although his colleague shook his hoary head and intimated in other ways his poor opinion of the candidate's acquirements, he was forced to put down another "S. B." upon the paper in front of him. The student drew a long breath when he saw it, and marched across to the other table with a mixture of trepidation and confidence, like a jockey riding at the last and highest hurdle in a steeple-chase.

Alas! it is the last hurdle which often floors the rider, and Thomas too was doomed to find the final ordeal an insurmountable one. As he crossed the room some evil chance made him think of the gossip outside and of his allusion to the abstruse substance known as cacodyl. Once let a candidate's mind hit upon such an idea as this, and nothing will ever get it out of his thoughts. Tom felt his head buzz round, and he passed his hand over his forehead and through his curly yellow hair to steady himself. He felt a frenzied impulse as he sat down to inform the examiners that he knew very well what they were going to ask him, and that it was hopeless for him to attempt to answer it.

The leading professor was a ruddy-faced, benevolent old gentleman, with spectacles and a kindly manner. He made a few commonplace remarks to his colleagues with the good-natured intention of giving the confused-looking student before him time to compose himself. Then, turning blandly towards him, he said in the mildest of tones—

"Have you ever rowed in a pond?"

Tom acknowledged that he had.

"Perhaps, on those occasions," the examiner continued, "you may have chanced to touch the mud at the bottom with your oar."

Tom agreed that it was possible.

"In that case you may have observed that a large bubble, or a succession of them has risen from the bottom to the surface. Now, of what gas was that bubble composed?"

The unhappy student, with the one idea always fermenting on his brain, felt that the worst had come upon him. Without a moment's hesitation or thought he expressed his conviction that the compound was cacodyl.

Never did two men look more surprised, and never did two generally grave savants laugh more heartily than did the two examiners when they realized what the candidate had answered. Their mirth speedily brought him back to his senses. He saw with a feeling of despair that it was marsh gas which they had expected—one of the simplest and commonest of chemical combinations. Alas! it was too late now. He knew full well that nothing could save him. With poor marks in botany and zoology, such an error in chemistry was irreparable. He did what was perhaps the best thing under the circumstances. Rising from his chair he made a respectful bow to the examiners, and walked straight out of the room—to the great astonishment of the janitor, who had never before witnessed such a breach of decorum. As the student closed the door behind him he looked back and saw that the other professors had left their respective tables and were listening to an account of the incident from one of the chemists—and a roar of laughter the moment afterwards showed that they appreciated the humour of it. His fellow-students gathered round Tom outside in the hope of sharing in the joke, but he pushed them angrily aside and strode through the midst of them and down the University steps. He knew that the story would spread fast enough without his assistance. His mind was busy too in shaping a certain resolution which he had often thought over during the last few months.

The two old people and Miss Kate Harston waited long and anxiously in their sitting-room at the hotel for some news of the absentee. The doctor had, at first, attempted a lofty cynicism and general assumption of indifference, which rapidly broke down as the time went by, until at last he was wandering round the room, drumming upon the furniture with his fingers and showing every other sign of acute impatience. The window was on the first floor, and Kate had been stationed there as a sentinel to watch the passing crowd and signal the first sign of tidings.

"Can't you see him yet?" the doctor asked for the twentieth time.

"No, dear, I don't," she answered, glancing up and down the street.

"He must be out now. He should have come straight to us. Come away from the window, my dear. We must not let the young monkey see how anxious we are about him."

Kate sat down by the old man and stroked his broad brown hand with her tender white one. "Don't be uneasy, dear," she said; "it's sure to be all right."

"Yes, he is sure to pass," the doctor answered; "but—bless my soul, who's this?"

The individual who caused this exclamation was a very broad-faced and rosy-cheeked little girl, coarsely clad, with a pile of books and a slate under her arm, who had suddenly entered the apartment.

"Please sir," said this apparition, with a bob, "I'm Sarah Jane."

"Are you, indeed?" said the doctor, with mild irony. "And what d'ye want here, Sarah Jane?"

"Please, sir, my mithar, Mrs. McTavish, asked me if I wudna' gie ye this letter frae the gentleman what's lodgin' wi' her." With these words the little mite delivered her missive and, having given another bob, departed upon her ways.

"Why," the doctor cried in astonishment, "it's directed to me and in Tom's writing. What can be the meaning of this?"

"Oh dear! oh dear!" Mrs. Dimsdale cried, with the quick perception of womanhood; "it means that he has failed."

"Impossible!" said the doctor, fumbling with nervous fingers at the envelope. "By Jove, though," he continued, as he glanced over the contents, "you're right. He has. Poor lad! he's more cut up about it than we can be, so we must not blame him."

The good physician read the letter over several times before he finally put it away in his note-book, and he did so with a thoughtful face which showed that it was of importance. As it has an influence upon the future course of our story we cannot end the chapter better than by exercising our literary privilege, and peeping over the doctor's shoulder before he has folded it up. This is the epistle in extenso:—

"My Dear Father,

"You will be sorry to hear that I have failed in my exam. I am very cut up about it, because I fear that it will cause you grief and disappointment, and you deserve neither the one nor the other at my hands."

"It is not an unmixed misfortune to me, because it helps me to make a request which I have long had in my mind. I wish you to allow me to give up the study of medicine and to go in for commerce. You have never made a secret of our money affairs to me, and I know that if I took my degree there would never be any necessity for me to practise. I should therefore have spent five years of my life in acquiring knowledge which would not be of any immediate use to me. I have no personal inclination towards medicine, while I have a very strong objection to simply living in the world upon money which other men have earned. I must therefore turn to some fresh pursuit for my future career, and surely it would be best that I should do so at once. What that fresh pursuit is to be I leave to your judgment. Personally, I think that if I embarked my capital in some commercial undertaking I might by sticking to my work do well. I feel too much cast down at my own failure to see you to-night, but to-morrow I hope to hear what you think from your own lips."


"Perhaps this failure will do no harm after all," the doctor muttered thoughtfully, as he folded up the letter and gazed out at the cold glare of the northern sunset.



The residence of Major Tobias Clutterbuck, late of the 119th Light Infantry, was not known to any of his friends. It is true that at times he alluded in a modest way to his "little place," and even went to the length of remarking airily to new acquaintances that he hoped they would look him up any time they happened to be in his direction. As he carefully refrained, however, from ever giving the slightest indication of which direction that might be, his invitations never led to any practical results. Still they had the effect of filling the recipient with a vague sense of proffered hospitality, and occasionally led to more substantial kindness in return.

The gallant major's figure was a familiar one in the card-room of the Rag and Bobtail, at the bow-window of the Jeunesse Doree. Tall and pompous, with a portly frame and a puffy clean-shaven face which peered over an abnormally high collar and old-fashioned linen cravat, he stood as a very type and emblem of staid middle-aged respectability. The major's hat was always of the glossiest, the major's coat was without a wrinkle, and, in short, from the summit of the major's bald head to his bulbous finger-tips and his gouty toes, there was not a flaw which the most severe critic of deportment—even the illustrious Turveydrop himself—could have detected. Let us add that the conversation of the major was as irreproachable as his person—that he was a distinguished soldier and an accomplished traveller, with a retentive memory and a mind stuffed with the good things of a lifetime. Combine all these qualities, and one would naturally regard the major as a most desirable acquaintance.

It is painful to have to remark, however, that, self-evident as this proposition might appear, it was vehemently contradicted by some of the initiated. There were rumours concerning the major which seriously compromised his private character. Indeed, such a pitch had they reached that when that gallant officer put himself forward as a candidate for a certain select club, he had, although proposed by a lord and seconded by a baronet, been most ignominiously pilled. In public the major affected to laugh over this social failure, and to regard it as somewhat in the nature of a practical joke, but privately he was deeply incensed. One day he momentarily dropped his veil of unconcern while playing billiards with the Honourable Fungus Brown, who was generally credited with having had some hand in the major's exclusion. "Be Ged! sir," the veteran suddenly exclaimed, inflating his chest and turning his apoplectic face upon his companion, "in the old days I would have called the lot of you out, sir, every demned one, beginning with the committee and working down; I would, be George!" At which savage attack the Honourable Fungus's face grew as white as the major's was red, and he began to wish that he had been more reserved in his confidences to some of his acquaintances respecting the exclusiveness of the club in question, or at least refrained from holding up the major's pilling as a proof thereof.

The cause of this vague feeling of distrust which had gone abroad concerning the old soldier was no very easy matter to define. It is true that he was known to have a book on every race, and to have secret means of information from stud-grooms and jockeys which occasionally stood him in good stead; but this was no uncommon thing among the men with whom he consorted. Again, it is true that Major Clutterbuck was much addicted to whist, with guinea points, and to billiard matches for substantial sums, but these stimulating recreations are also habitual to many men who have led eventful lives and require a strong seasoning to make ordinary existence endurable. Perhaps one reason may have been that the major's billiard play in public varied to an extraordinary degree, so that on different occasions he had appeared to be aiming at the process termed by the initiated "getting on the money." The warm friendships, too, which the old soldier had contracted with sundry vacuous and sappy youths, who were kindly piloted by him into quasi-fashionable life and shown how and when to spend their money, had been most uncharitably commented upon. Perhaps the vagueness about the major's private residence and the mystery which hung over him outside his clubs may also have excited prejudice against him. Still, however his detractors might malign him, they could not attempt to deny the fact that Tobias Clutterbuck was the third son of the Honourable Charles Clutterbuck, who again was the second son of the Earl of Dunross, one of the most ancient of Hibernian families. This pedigree the old soldier took care to explain to every one about him, more particularly to the sappy youths aforementioned.

It chanced that on the afternoon of which we speak the major was engrossed by this very subject. Standing at the head of the broad stone steps which lead up to the palatial edifice which its occupiers irreverently term the Rag and Bobtail, he was explaining to a bull-necked, olive-complexioned young man the series of marriages and inter-marriages which had culminated in the production of his own portly, stiff-backed figure. His companion, who was none other than Ezra Girdlestone, of the great African firm of that name, leaned against one of the pillars of the portico and listened gloomily to the major's family reminiscences, giving an occasional yawn which he made no attempt to conceal.

"It's as plain as the fingers of me hand," the old soldier said in a wheezy muffled brogue, as if he were speaking from under a feather-bed. "See here now, Girdlestone—this is Miss Letitia Snackles of Snackleton, a cousin of old Sir Joseph." The major tapped his thumb with the silver head of his walking-stick to represent the maiden Snackles. "She marries Crawford, of the Blues—one o' the Warwickshire Crawfords; that's him"—here he elevated his stubby forefinger; "and here's their three children, Jemima, Harold, and John." Up went three other fingers. "Jemima Crawford grows up, and then Charley Clutterbuck runs away with her. This other thumb o' mine will stand for that young divil Charley, and then me fingers—"

"Oh, hang your fingers," Girdlestone exclaimed with emphasis. "It's very interesting, major, but it would be more intelligible if you wrote it out."

"And so I shall, me boy!" the major cried enthusiastically, by no means abashed at the sudden interruption. "I'll draw it up on a bit o' foolscap paper. Let's see; Fenchurch Street, eh? Address to the offices, of course. Though, for that matter, 'Girdlestone, London,' would foind you. I was spakin' of ye to Sir Musgrave Moore, of the Rifles, the other day, and he knew you at once. 'Girdlestone?' says he. 'The same,' says I. 'A merchant prince?' says he. 'The same,' says I. 'I'd be proud to meet him,' says he. 'And you shall,' says I. He's the best blood of county Waterford."

"More blood than money, I suppose," the young man said, smoothing out his crisp black moustache.

"Bedad, you've about hit it there. He went to California, and came back with five and twinty thousand pounds. I met him in Liverpool the day he arrived. 'This is no good to me, Toby,' says he. 'Why not?' I asks. 'Not enough,' says he; 'just enough to unsettle me.' 'What then?' says I. 'Put it on the favourite for the St. Leger,' says he. And he did too, every pinny of it, and the horse was beat on the post by a short head. He dropped the lot in one day. A fact, sir, 'pon me honour! Came to me next day. 'Nothing left!' says he. 'Nothing?' says I. 'Only one thing,' says he. 'Suicide?' says I. 'Marriage,' says he. Within a month he was married to the second Miss Shuttleworth, who had five thou. in her own right, and five more when Lord Dungeness turns up his toes."

"Indeed?" said his companion languidly.

"Fact, 'pon me honour! By the way—ah, here comes Lord Henry Richardson. How d'ye do, Richardson, how d'ye do? Ged, I remember Richardson when he was a tow-headed boy at Clongowes, and I used to lam him with a bootjack for his cheek. Ah, yes; I was going to say—it seems a demned awkward incident—ha! ha!—ridiculous, but annoying, you know. The fact is, me boy, coming away in a hurry from me little place, I left me purse on the drawers in the bedroom, and here's Jorrocks up in the billiard-room afther challenging me to play for a tenner—but I won't without having the money in me pocket. Tobias Clutterbuck may be poor, me dear friend, but"—and here he puffed out his chest and tapped on it with his round, sponge-like fist—"he's honest, and pays debts of honour on the nail. No, sir, there's no one can say a word against Tobias, except that he's a half-pay old fool with more heart than brains. However," he added, suddenly dropping the sentimental and coming back to the practical, "if you, me dear boy, can obloige me with the money until to-morrow morning, I'll play Jorrocks with pleasure. There's not many men that I'd ask such a favour of, and even from you I'd never accept anything more than a mere timporary convanience."

"You may stake your life on that," Ezra Girdlestone said with a sneer, looking sullenly down and tracing figures with the end of his stick on the stone steps. "You'll never get the chance. I make it a rule never to lend any one money, either for short or long periods."

"And you won't let me have this throifling accommodation?"

"No," the young man said decisively.

For a moment the major's brick-coloured, weather-beaten face assumed an even darker tint, and his small dark eyes looked out angrily from under his shaggy brows at his youthful companion. He managed to suppress the threatened explosion, however, and burst into a loud roar of laughter.

"'Pon me sowl!" he wheezed, poking the young man in the ribs with his stick, an implement which he had grasped a moment before as though he meditated putting it to a less pacific use, "you young divils of business-men are too much for poor old Tobias. Ged, sir, to think of being stuck in the mud for the want of a paltry tenner! Tommy Heathcote will laugh when he hears of it. You know Tommy of the 81st? He gave me good advice: 'Always sew a fifty-pound note into the lining of each waistcoat you've got. Then you can't go short.' Tried it once, and, be George! if me demned man-servant didn't stale that very waistcoat and sell it for six and sixpence. You're not going, are you?"

"Yes; I'm due in the City. The governor leaves at four. Good-bye. Shall I see you to-night?"

"Card-room, as per usual," quoth the clean-shaven warrior. He looked after the retreating figure of his late companion with anything but a pleasant expression upon his face. The young man happened to glance round as he was half-way down the street, on which the major smiled after him paternally, and gave a merry flourish with his stick.

As the old soldier stood on the top of the club steps, pompous, pigeon-chested, and respectable, posing himself as though he had been placed there for the inspection of passers-by as a sample of the aristocracy within, he made several attempts to air his grievances to passing members touching the question of the expectant Jorrocks and the missing purse. Beyond, however, eliciting many sallies of wit from the younger spirits, for it was part of the major's policy to lay himself open to be a butt, his laudable perseverance was entirely thrown away. At last he gave it up in disgust, and raising his stick hailed a passing 'bus, into which he sprang, taking a searching glance round to see that no one was following him. After a drive which brought him to the other side of the City, he got out in a broad, busy thoroughfare, lined with large shops. A narrow turning from the main artery led into a long, dingy street, consisting of very high smoke-coloured houses, which ran parallel to the other, and presented as great a contrast to it as the back of a painting does to the front.

Down this sombre avenue the major strutted with all his wonted pomposity, until about half-way down he reached a tall, grim-looking house, with many notices of "apartments" glaring from the windows. The line of railings which separated this house from the street was rusty, and broken and the whole place had a flavour of mildew. The major walked briskly up the stone steps, hollowed out by the feet of generations of lodgers, and pushing open the great splotchy door, which bore upon it a brass plate indicating that the establishment was kept by a Mrs. Robins, he walked into the hall with the air of one who treads familiar ground. Up one flight of stairs, up two flights of stairs, and up three flights of stairs did he climb, until on the fourth landing he pushed open a door and found himself in a small room, which formed for the nonce the "little place" about which he was wont at the club to make depreciatory allusions, so skilfully introduced that the listener was left in doubt as to whether the major was the happy possessor of a country house and grounds, or whether he merely owned a large suburban villa. Even this modest sanctum was not entirely the major's own, as was shown by the presence of a ruddy-faced man with a long, tawny beard, who sat on one side of the empty fire-place, puffing at a great china-bowled pipe, and comporting himself with an ease which showed that he was no casual visitor.

As the other entered, the man in the chair gave vent to a guttural grunt without removing the mouthpiece of his pipe from between his lips; and Major Clutterbuck returned the greeting with an off-handed nod. His next proceeding was to take off his glossy hat and pack it away in a hat-box. He then removed his coat, his collar, his tie, and his gaiters, with equal solicitude, and put them in a place of safety. After which he donned a long purple dressing-gown and a smoking-cap, in which garb he performed the first steps of a mazurka as a sign of the additional ease which he experienced.

"Not much to dance about either, me boy," the old soldier said, seating himself in a camp-chair and putting his feet upon another one. "Bedad, we're all on the verge. Unless luck takes a turn there's no saying what may become of us."

"We have been badder than this before now many a time," said the yellow-bearded man, in an accent which proclaimed him to be a German. "My money vill come, or you vill vin, or something vill arrive to set all things right."

"Let's hope so," the major said fervently. "It's a mercy to get out of these stiff and starched clothes; but I have to be careful of them, for me tailor—bad cess to him!—will give no credit, and there's little of the riddy knocking about. Without good clothes on me back I'd be like a sweeper without a broom."

The German nodded his intense appreciation of the fact, and puffed a great blue cloud to the ceiling. Sigismond von Baumser was a political refugee from the fatherland, who had managed to become foreign clerk in a small London firm, an occupation which just enabled him to keep body and soul together. He and the major had lodged in different rooms in another establishment until some common leaven of Bohemianism had brought them together. When circumstances had driven them out of their former abode, it had occurred to the major that by sharing his rooms with Von Baumser he would diminish his own expenses, and at the same time secure an agreeable companion, for the veteran was a sociable soul in his unofficial hours and had all the Hibernian dislike to solitude. The arrangement commended itself to the German, for he had a profound admiration for the other's versatile talents and varied experiences; so he grunted an acquiescence and the thing was done. When the major's luck was good there were brave times in the little fourth floor back. On the other hand, if any slice of good fortune came in the German's way, the major had a fair share of the prosperity. During the hard times which intervened between these gleams of opulence, the pair roughed it uncomplainingly as best they might. The major would sometimes create a fictitious splendour by dilating upon the beauties of Castle Dunross, in county Mayo, which is the headquarters of all the Clutterbucks. "We'll go and live there some day, me boy," he would say, slapping his comrade on the back. "It will be mine from the dungeons forty foot below the ground, right up, bedad, to the flagstaff from which the imblem of loyalty flaunts the breeze." At these speeches the simple-minded German used to rub his great red hands together with satisfaction, and feel as pleased as though he had actually been presented with the fee simple of the castle in question.

"Have you had your letter?" the major asked with interest, rolling a cigarette between his fingers. The German was expecting his quarterly remittance from his friends at home, and they were both anxiously awaiting it.

Von Baumser shook his head.

"Bad luck to them! they should have sent a wake ago. You should do what Jimmy Towler did. You didn't know Towler, of the Sappers? When he and I were souldiering in Canada he was vexed at the allowance which he had from ould Sir Oliver, his uncle, not turning up at the right time. 'Ged, Toby,' he says to me, 'I'll warm the old rascal up.' So he sits down and writes a letter to his uncle, in which he told him his unbusiness-like ways would be the ruin of them, and more to the same effect. When Sir Oliver got the letter he was in such a divil's own rage, that while he was dictating a codicil to his will he tumbled off the chair in a fit, and Jimmy came in for a clean siven thousand a year."

"Dat was more dan he deserved," the German remarked. "But you—how do you stand for money?"

Major Clutterbuck took ten sovereigns out of his trouser pocket and placed them upon the table. "You know me law," he said; "I never, on any consideration, break into these. You can't sit down to play cards for high stakes with less in your purse, and if I was to change one, be George! they'd all go like a whiff o' smoke. The Lord knows when I'd get a start again then. Bar this money I've hardly a pinny."

"Nor me," said Von Baumser despondently, slapping his pockets.

"Niver mind, me boy! What's in the common purse, I wonder?"

He looked up at a little leather bag which hung from a brass nail on the wall. In flush times they were wont to deposit small sums in this, on which they might fall back in their hours of need.

"Not much, I fear," the other said, shaking his head.

"Well, now, we want something to pull us together on a dull day like this. Suppose we send out for a bottle of sparkling, eh?"

"Not enough money," the other objected.

"Well, well, let's have something cheaper. Beaune, now; Beaune's a good comforting sort of drink. What d'ye say to splitting a bottle of Beaune, and paying for it from the common purse?"

"Not enough money," the other persisted doggedly.

"Well, claret be it," sighed the major. "Maybe it's better in this sort of weather. Let us send Susan out for a bottle of claret?"

The German took down the little leather bag and turned it upside down. A threepenny-piece and a penny rolled out. "Dat's all," he said. "Not enough for claret."

"But there is for beer," cried the major radiantly. "Bedad, it's just the time for a quart of fourpinny. I remimber ould Gilder, when he was our chief in India, used to say that a man who got beyond enjoying beer and a clay pipe at a pinch was either an ass or a coxcomb. He smoked a clay at the mess table himself. Draper, who commanded the division, told him it was unsoldier-like. 'Unsoldier-like be demned,' he said. Ged, they nearly court-martialled the ould man for it. He got the V.C. at the Quarries, and was killed at the Redan."

A slatternly, slipshod girl answered the bell, and having received her orders and the united available funds of the two comrades, speedily returned with a brace of frothing pint pots. The major ruminated silently over his cigarette for some time, on some unpleasant subject, apparently, for his face was stem and his brows knitted. At last he broke out with an oath.

"Be George! Baumser, I can't stand that young fellow Girdlestone. I'll have to chuck him up. He's such a cold-blooded, flinty-hearted, calculating sort of a chap, that—" The remainder of the major's sentence was lost in the beer flagon.

"What for did you make him your friend, then?"

"Well," the old soldier confessed, "it seemed to me that if he wanted to fool his money away at cards or any other divilment, Tobias Clutterbuck might as well have the handling of it as any one else. Bedad, he's as cunning as a basketful of monkeys. He plays a safe game for low stakes, and never throws away a chance. Demned if I don't think I've been a loser in pocket by knowing him, while as to me character, I'm very sure I'm the worse there."

"Vat's de matter mit him?"

"What's not the matter with him. If he's agrayable he's not natural, and if he's natural he's not agrayable. I don't pretind to be a saint. I've seen some fun in me day, and hope to see some more before I die; but there are some things that I wouldn't do. If I live be cards it's all fair and aboveboard. I never play anything but games o' skill, and I reckon on me skill bringing me out on the right side, taking one night with another through the year. Again, at billiards I may not always play me best, but that's gineralship. You don't want a whole room to know to a point what your game is. I'm the last man to preach, but, bedad, I don't like that chap, and I don't like that handsome, brazen face of his. I've spint the greater part of my life reading folks' faces, and never very far out either."

Von Baumser made no remark, and the two continued to smoke silently, with an occasional pull at their flagons.

"Besides, it's no good to me socially," the major continued. "The fellow can't keep quiet, else he might pass in a crowd; but that demned commercial instinct will show itself. If he went to heaven he'd start an agency for harps and crowns. Did I tell you what the Honourable Jack Gibbs said to me at the club? Ged, he let me have it straight! 'Buck,' he said, 'I don't mind you. You're one o' the right sort when all's said and done, but if you ever inthroduce such a chap as that to me again, I'll cut you as well as him for the future.' I'd inthroduced them to put the young spalpeen in a good humour, for, being short, as ye know, I thought it might be necessary to negotiate a loan from him."

"Vat did you say his name vas?" Von Baumser asked suddenly.


"Is his father a Kauffmann?"

"What the divil is a Kauffmann?" the major asked impatiently. "Is it a merchant you mean?"

"Ah, a merchant. One who trades with the Afrikaner?"

"The same."

Von Baumser took a bulky pocket-book from his inside pocket, and scanned a long list of names therein. "Ah, it is the same," he cried at last triumphantly, shutting up the book and replacing it. "Girdlestone & Co., African kauf—dat is, merchants—Fenchurch Street, City."

"Those are they."

"And you say dey are rich?"


"Very rich?"


The major began to think that his companion had been imbibing in his absence, for there was an unfathomable smile upon his face, and his red beard and towsy hair seemed to bristle from some internal excitement.

"Very rich! Ho, ho! Very rich!" he laughed. "I know dem; not as friends, Gott bewahre! but I know dem and their affairs."

"What are you driving at? Let's have it. Out with it, man."

"I tell you," said the German, suddenly becoming supernaturally solemn and sawing his hand up and down in the air to emphasize his remarks, "in tree or four months, or a year at the most, there vill be no firm of Girdlestone. They are rotten, useless—whoo! He blew an imaginary feather up into the air to demonstrate the extreme fragility of the house in question.

"You're raving, Baumser," said Major Clutterbuck excitedly. "Why, man, their names are above suspicion. They are looked upon as the soundest concern in the City."

"Dat may be; dat may be," the German answered stolidly. "Vat I know, I know, and vat I say I say."

"And how d'ye know it? D'ye tell me that you know lore about it than the men on 'Change and the firms that do business with them?"

"I know vat I know, and I say vat I say," the other repeated. "Dat tobacco-man Burger is a rogue. Dere is five-and-thirty in the hundred of water in this canaster tobacco, and one must be for ever relighting."

"And you won't tell me where you heard this of the Girdlestones?"

"It vould be no good to you. It Is enough dat vat I say is certain. Let it suffice that dere are people vat are bound to tell other people all dat dey know about anything whatever."

"You don't make it over clear now," the old soldier grumbled. "You mane that these secret societies and Socialists let each other know all that comes in their way and have their own means of getting information."

"Dat may be, and dat may not be," the German answered, in the same oracular voice. "I thought, in any case, my good friend Clutterbuck, dat I vould give you vat you call in English the straight tap. It is always vell to have the straight tap."

"Thank ye, me boy," the major said heartily. "If the firm's in a bad way, either the youngster doesn't know of it, or else he's the most natural actor that ever lived. Be George! there's the tay-bell; let's get down before the bread and butther is all finished."

Mrs. Robbins was in the habit of furnishing her lodgers with an evening meal at a small sum per head. There was only a certain amount of bread and butter supplied for this, however, and those who came late were likely to find an empty platter. The two Bohemians felt that the subject was too grave a one to trifle with, so they suspended their judgment upon the Girdlestones while they clattered down to the dining-room.



Although not a whisper had been heard of it in ordinary commercial circles, there was some foundation for the forecast which Von Baumser had made as to the fate of the great house of Girdlestone. For some time back matters had been going badly with the African traders. If the shrewd eyes of Major Tobias Clutterbuck were unable to detect any indications of this state of affairs in the manner or conversation of the junior partner, the reason simply was that that gentleman was entirely ignorant of the imminent danger which hung over his head. As far as he knew, the concern was as prosperous and as flourishing as it had been at the time of the death of John Harston. The momentous secret was locked in the breast of his grim old father, who bore it about with him as the Spartan lad did the fox—without a quiver or groan to indicate the care which was gnawing at his heart. Placed face to face with ruin, Girdlestone fought against it desperately, and, withal, coolly and warily, throwing away no chance and leaving no stone unturned. Above all, he exerted himself—and exerted himself successfully—to prevent any rumour of the critical position of the firm from leaking out in the city. He knew well that should that once occur nothing could save him. As the wounded buffalo is gored to death by the herd, so the crippled man of business may give up all hope when once his position is known by his fellows. At present, although Von Baumser and a few other such Ishmaelites might have an inkling from sources of their own as to how matters stood, the name of Girdlestone was still regarded by business men as the very synonym for commercial integrity and stability. If anything, there seemed to be more business in Fenchurch Street and more luxury at the residence at Eccleston Square than in former days. Only the stern-faced and silent senior partner knew how thin the veneer was which shone so deceptively upon the surface.

Many things had contributed towards this state of affairs. The firm had been involved in a succession of misfortunes, some known to the world, and others known to no one save the elder Girdlestone. The former had been accepted with such perfect stoicism and cheerfulness that they rather increased than diminished the reputation of the concern; the latter were the more crushing, and also the more difficult to bear.

Lines of fine vessels from Liverpool and from Hamburg were running to the West Coast of Africa, and competition had cut down freightage to the lowest possible point. Where the Girdlestones had once held almost a monopoly there were now many in the field. Again, the negroes of the coast were becoming educated and had a keen eye to business, so that the old profits were no longer obtainable. The days had gone by when flint-lock guns and Manchester prints could be weighed in the balance against ivory and gold dust.

While these general causes were at work a special misfortune had befallen the house of Girdlestone. Finding that their fleet of old sailing vessels was too slow and clumsy to compete with more modern ships, they had bought in two first-rate steamers. One was the Providence, a fine screw vessel of twelve hundred tons, and the other was the Evening Star, somewhat smaller in size, but both classed A1 at Lloyd's. The former cost twenty-two thousand pounds, and the latter seventeen thousand. Now, Mr. Girdlestone had always had a weakness for petty savings, and in this instance he determined not to insure his new vessels. If the crazy old tubs, for which he had paid fancy premiums for so many years with an eye to an ultimate profit, met with no disaster, surely those new powerful clippers were safe. With their tonnage and horse-power they appeared to him to be superior to all the dangers of the deep. It chanced, however, by that strange luck which would almost make one believe that matters nautical were at the mercy of some particularly malignant demon, that as the Evening Star was steaming up Channel in a dense fog on her return from her second voyage, she ran right into the Providence, which had started that very morning from Liverpool upon her third outward trip. The Providence was almost cut in two, and sank within five minutes, taking down the captain and six of the crew, while the Evening Star was so much damaged about the bows that she put into Falmouth in a sinking condition. That day's work cost the African firm more than five and thirty thousand pounds.

Other mishaps had occurred to weaken the firm, apart from their trade with the coast. The senior partner had engaged in speculation without the knowledge of his son, and the result had been disastrous. One of the Cornish tin mines in which he had sunk a large amount of money, and which had hitherto yielded him a handsome return, became suddenly exhausted, and the shares went down to zero. No firm could stand against such a run of bad luck, and the African trading company reeled before it. John Girdlestone had not said a word yet of all this to his son. As claims arose he settled them in the best manner he could, and postponed the inevitable day when he should have to give a true account of their financial position. He hoped against hope that the chapter of accidents or the arrival of some brilliant cargoes from the coast might set the concern on its legs again.

From day to day he had been expecting news of one of his vessels. At last one morning he found a telegram awaiting him at the office. He tore it eagerly open, for it bore the Madeira mark. It was from his agent, Jose Alveciras, and announced that the voyage from which he had hoped so much had been a total failure. The cargo was hardly sufficient to defray the working expenses. As the merchant read it, his head dropped over the table and he groaned aloud. Another of the props which upheld him from ruin had snapped beneath him.

There were three letters lying beside the telegram. He glanced through them, but there was no consolation in any of them. One was from a bank manager, informing him that his account was somewhat overdrawn. Another from Lloyd's Insurance Agency, pointing out that the policies on two of his vessels would lapse unless paid within a certain date. The clouds were gathering very darkly over the African firm, yet the old man bore up against misfortune with dauntless courage. He sat alone in his little room, with his head sunk upon his breast, and his thatched eye-brows drawn down over his keen grey eyes. It was clear to him that the time had come when he must enlighten his son as to the true state of their affairs. With his co-operation he might carry out a plan which had been maturing some months in his brain.

It was a hard task for the proud and austere merchant to be compelled to confess to his son that he had speculated without his knowledge in the capital of the company, and that a large part of that capital had disappeared. These speculations in many instances had promised large returns, and John Girdlestone had withdrawn money from safer concerns, and reinvested it in the hope of getting a higher rate of interest. He had done this with his eyes open to the risk, and knowing that his son was of too practical and cautious a nature to embark in such commercial gambling, he had never consulted him upon the point, nor had he made any entry of the money so invested in the accounts of the firm. Hence Ezra was entirely ignorant of the danger which hung over them, and his father saw that, in order to secure his energetic assistance in the stroke which he was contemplating, it was absolutely necessary that he should know how critical their position was.

The old man had hardly come to this conclusion when he heard the sharp footfall of his son in the outer office and the harsh tones of his voice as he addressed the clerks. A moment or two later the green baize door flew open, and the young man came in, throwing his hat and coat down on one of the chairs. It was evident that something had ruffled his temper.

"Good-morning," he said brusquely, nodding his head to his father.

"Good-morning, Ezra," the merchant answered meekly.

"What's the matter with you, father?" his son asked, looking at him keenly. "You don't look yourself, and haven't for some time back."

"Business worries, my boy, business worries," John Girdlestone answered wearily.

"It's the infernal atmosphere of this place," Ezra said impatiently. "I feel it myself sometimes. I wonder you don't start a little country seat with some grounds. Just enough to ask a fellow to shoot over, and with a good billiard board, and every convenience of that sort. It would do for us to spend the time from Saturday to Monday, and allow us to get some fresh air into our lungs. There are plenty of men who can't afford it half as well, and yet have something of the sort. What's the use of having a good balance at your banker's, if you don't live better than your neighbours?"

"There is only one objection to it," the merchant said huskily, and with a forced laugh; "I have not got a good balance at the banker's."

"Pretty fair, pretty fair," his son said knowingly, picking up the long thin volume in which the finance of the firm was recorded and tapping it against the table.

"But the figures there are not quite correct, Ezra," his father said, still more huskily. "We have not got nearly so much as that."

"What!" roared the junior partner.

"Hush! For God's sake don't let the clerks hear you. We have not so much as that. We have very little. In fact, Ezra, we have next to nothing in the bank. It is all gone."

For a moment the young man stood motionless, glaring at his father. The expression of incredulity which had appeared on his features faded away before the earnestness of the other, and was replaced by a look of such malignant passion that it contorted his whole face.

"You fool!" he shrieked, springing forward with the book upraised as though he would have struck the old merchant. "I see it now. You have been speculating on your own hook, you cursed ass! What have you done with it?" He seized his father by the collar and shook him furiously in his wrath.

"Keep your hands off me!" the senior partner cried, wrenching himself free from his son's grasp. "I did my best with the money. How dare you address me so?"

"Did your best!" hissed Ezra, hurling the ledger down on the table with a crash. "What did you mean by speculating without my knowledge, and telling me at the same time that I knew all that was done? Hadn't I warned you a thousand times of the danger of it? You are not to be trusted with money."

"Remember, Ezra," his father said with dignity, re-seating himself in the chair from which he had risen, in order to free himself from his son's clutches, "if I lost the money, I also made it. This was a flourishing concern before you were born. If the worst comes to the worst you are only where I started. But we are far from being absolutely ruined as yet."

"To think of it!" Ezra cried, flinging himself upon the office sofa, and burying his face in his hands. "To think of all I have said of our money and our resources! What will Clutterbuck and the fellows at the club say? How can I alter the ways of life that I have learned?" Then, suddenly clenching his hands, and turning upon his father he broke out, "We must have it back, father; we must, by fair means or foul. You must do it, for it was you who lost it. What can we do? How long have we to do it in? Is this known in the City? Oh, I shall be ashamed to show my face on 'Change." So he rambled on, half-maddened by the pictures of the future which rose up in his mind.

"Be calm, Ezra, be calm!" his father said imploringly. "We have many chances yet if we only make the best of them. There is no use lamenting the past. I freely confess that I was wrong in using this money without your knowledge, but I did it from the best of motives. We must put our heads together now to retrieve our losses, and there are many ways in which that may be done. I want your clear common sense to help me in the matter."

"Pity you didn't apply to that before," Ezra said sulkily.

"I have suffered for not doing so," the older man answered meekly. "In considering how to rally under this grievous affliction which has come upon us, we must remember that our credit is a great resource, and one upon which we have never drawn. That gives us a broad margin to help us while we are carrying out our plans for the future."

"What will our credit be worth when this matter leaks out?"

"But it can't leak out. No one suspects it for a moment. They might imagine that we are suffering from some temporary depression of trade, but no one could possibly know the sad truth. For Heaven's sake don't you let it out!"

His son broke into an impatient oath.

A flush came into Girdlestone's sallow cheeks, and his eyes sparkled angrily.

"Be careful how you speak, Ezra. There are limits to what I will endure from you, though I make every allowance for your feelings at this sudden catastrophe, for which I acknowledge myself responsible."

The young man shrugged his shoulders, and drummed his heel against the ground impatiently.

"I have more than one plan in my head," the merchant said, "by which our affairs may be re-established on their old footing. If we can once get sufficient money to satisfy our present creditors, and so tide over this run of bad luck, the current will set in the other way, and all will go well. And, first of all, there is one question, my boy, which I should like to ask you. What do you think of John Harston's daughter?"

"She's right enough," the young man answered brusquely.

"She's a good girl, Ezra—a thoroughly good girl, and a rich girl too, though her money is a small thing in my eyes compared to her virtue."

Young Girdlestone sneered. "Of course," he said impatiently. "Well, go on—what about her?"

"Just this, Ezra, that there is no girl in the world whom I should like better to receive as my daughter-in-law. Ah, you rogue! you could come round her; you know you could." The old man poked his long bony finger In the direction of his son's ribs with grim playfulness.

"Oh, that's the idea, is it?" remarked the junior partner, with a very unpleasant smile.

"Yes, that is one way out of our difficulties. She has forty thousand pounds, which would be more than enough to save the firm. At the same time you would gain a charming wife."

"Yes, there are a good many girls about who might make charming wives," his son remarked dubiously. "No matrimony for me yet awhile."

"But it is absolutely necessary," his father urged.

"A very fine necessity," Ezra broke in savagely. "I am to tie myself up for life and you are to use all the money in rectifying your blunders. It's a very pretty division of labour, is that."

"The business is yours as well as mine. It is your interest to invest the money in it, for if it fails you are as completely ruined as I should be. You think you could win her if you tried?"

Ezra stroked his dark moustache complacently, and took a momentary glance at his own bold handsome features in the mirror above the fire-place. "If we are reduced to such an expedient, I think I can answer for the result," he said. "The girl's not a bad-looking one. But you said you had several plans. Let us hear some of the other ones. If the worst comes to the worst I might consent to that—on condition, of course, that I should have the whole management of the money."

"Quite so—quite so," his father said hurriedly. "That's a dear, good lad. As you say, when all other things fail we can always fall back upon that. At present I intend to raise as much money as I can upon our credit, and invest it in such a manner as to bring in a large and immediate profit."

"And how do you intend to do this?" his son asked doubtfully.

"I intend," said John Girdlestone, solemnly rising up and leaning his elbow against the mantelpiece—"I intend to make a corner in diamonds."



John Girdlestone propounded his intention with such dignity and emphasis that he evidently expected the announcement to come as a surprise upon his son. If so, he was not disappointed, for the young man stared open-eyed.

"A corner in diamonds!" he repeated. "How will you do that?"

"You know what a corner is," his father explained. "If you buy up all the cotton, say, or sugar in the market, so as to have the whole of it in your own hands, and to be able to put your own price on it in selling it again—that is called making a corner in sugar or cotton. I intend to make a corner in diamonds."

"Of course, I know what a corner is," Ezra said impatiently. "But how on earth are you going to buy all the diamonds in? You would want the capital of a Rothschild?"

"Not so much as you think, my boy, for there are not any great amount of diamonds in the market at any one time. The yield of the South African fields regulates the price. I have had this idea in my head for some time, and have studied the details. Of course, I should not attempt to buy in all the diamonds that are in the market. A small portion of them would yield profit enough to float the firm off again."

"But if you have only a part of the supply in your hands, how are you to regulate the market value? You must come down to the prices at which other holders are selling."

"Ha! Ha! Very good! very good!" the old merchant said, shaking his head good-humouredly. "But you don't quite see my plan yet. You have not altogether grasped it. Allow me to explain it to you."

His son lay back upon the sofa with a look of resignation upon his face. Girdlestone continued to stand upon the hearth-rug and spoke very slowly and deliberately, as though giving vent to thoughts which had been long and carefully considered.

"You see, Ezra," he said, "diamonds, being a commodity of great value, of which there is never very much in the market at one time, are extremely sensitive to all sorts of influences. The value of them varies greatly from time to time. A very little thing serves to depreciate their price, and an equally small thing will send it up again."

Ezra Girdlestone grunted to show that he followed his father's remarks.

"I did some business in diamonds myself when I was a younger man, and so I had an opportunity of observing their fluctuations in the market. Now, there is one thing which invariably depreciates the price of diamonds. That is the rumour of fresh discoveries of mines in other parts of the world. The instant such a thing gets wind the value of the stones goes down wonderfully. The discovery of diamonds in Central India not long ago had that effect very markedly, and they have never recovered their value since. Do you follow me?"

An expression of interest had come over Ezra's face, and he nodded to show that he was listening.

"Now, supposing," continued the senior partner, with a smile on his thin lips, "that such a report got about. Suppose, too, that we were at this time, when the market was in a depressed condition, to invest a considerable capital in them. If these rumours of an alleged discovery turned out to be entirely unfounded, of course the value of the stones which we held would go up once more, and we might very well sell out for double or treble the sum that we invested. Don't you see the sequence of events?"

"There seems to me to be rather too much of the 'suppose' in it," remarked Ezra. "How do we know that such rumours will get about; and if they do, how do we know that they will prove to be unfounded?"

"How are we to know?" the merchant cried, wriggling his long lank body with amusement. "Why, my lad, if we spread the rumours ourselves we shall have pretty good reason to believe that they are unfounded. Eh, Ezra? Ha! ha! You see there are some brains in the old man yet."

Ezra looked at his father in considerable surprise and some admiration. "Why, damn it!" he exclaimed, "it's dishonest. I'm not sure that it's not actionable."

"Dishonest! Pooh!" The merchant snapped his fingers. "It's finesse, my boy, commercial finesse. Who's to trace it, I should like to know. I haven't worked out all the details—I want your co-operation over that—but here's a rough sketch of my plan. We send a man we can depend upon to some distant part of the world—Chimborazo, for example, or the Ural Mountains. It doesn't matter where, as long as it is out of the way. On arriving at this place our agent starts a report that he has discovered a diamond mine. We should even go the length, if he considers it necessary, of hiding a few rough stones in the earth, which he can dig up to give colour to his story. Of course the local press would be full of this. He might present one of the diamonds to the editor of the nearest paper. In course of time a pretty coloured description of the new diamond fields would find its way to London and thence to the Cape. I'll answer for it that the immediate effect is a great drop in the price of stones. We should have a second agent at the Cape diamond fields, and he would lay our money out by buying in all that he could while the panic lasted. Then, the original scare having proved to be all a mistake, the prices naturally go up once more, and we get a long figure for all that we hold. That's what I mean by making 'a corner in diamonds.' There is no room in it for any miscalculation. It is as certain as a proposition of Euclid, and as easily worked out."

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