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in the matter. We are men of the world. Now, let's be business-like. You want to amalgamate. You wouldn't do that, of course, if you didn't know of something to the advantage of my father's company—say, a lode on our land—which you hope to secure for yourself by amalgamation. Very well; I can make or mar your project. If you choose to render it worth my while, I'll induce my father and his directors to amalgamate. If you don't, I won't. That's the long and the short of it!"

Charles looked at him admiringly.

"Young man," he said, "you're deep, very deep—for your age. Is this candour—or deception? Do you mean what you say? Or do you know some reason why it suits your father's book to amalgamate as well as it suits mine? And are you trying to keep it from me?" He fingered his chin. "If I only knew that," he went on, "I should know how to deal with you."

Young Granton smiled again. "You're a financier, Sir Charles," he answered. "I wonder, at your time of life, you should pause to ask another financier whether he's trying to fill his own pocket—or his father's. Whatever is my father's goes to his eldest son—and I am his youngest."

"You are right as to general principles," Sir Charles replied, quite affectionately. "Most sound and sensible. But how do I know you haven't bargained already in the same way with your father? You may have settled with him, and be trying to diddle me."

The young man assumed a most candid air. "Look here," he said, leaning forward. "I offer you this chance. Take it or leave it. Do you wish to purchase my aid for this amalgamation by a moderate commission on the net value of my father's option to yourself—which I know approximately?"

"Say five per cent," I suggested, in a tentative voice, just to justify my presence.

He looked me through and through. "Ten is more usual," he answered, in a peculiar tone and with a peculiar glance.

Great heavens, how I winced! I knew what his words meant. They were the very words I had said myself to Colonel Clay, as the Count von Lebenstein, about the purchase-money of the schloss—and in the very same accent. I saw through it all now. That beastly cheque! This was Colonel Clay; and he was trying to buy up my silence and assistance by the threat of exposure!

My blood ran cold. I didn't know how to answer him. What happened at the rest of that interview I really couldn't tell you. My brain reeled round. I heard just faint echoes of "fuel" and "reduction works." What on earth was I to do? If I told Charles my suspicion—for it was only a suspicion—the fellow might turn upon me and disclose the cheque, which would suffice to ruin me. If I didn't, I ran a risk of being considered by Charles an accomplice and a confederate.

The interview was long. I hardly know how I struggled through it. At the end young Granton went off, well satisfied, if it was young Granton; and Amelia invited him and his wife up to dinner at the castle.

Whatever else they were, they were capital company. They stopped for three days more at the Cromarty Arms. And Charles debated and discussed incessantly. He couldn't quite make up his mind what to do in the affair; and I certainly couldn't help him. I never was placed in such a fix in my life. I did my best to preserve a strict neutrality.

Young Granton, it turned out, was a most agreeable person; and so, in her way, was that timid, unpretending South African wife of his. She was naively surprised Amelia had never met her mamma at Durban. They both talked delightfully, and had lots of good stories—mostly with points that told against the Craig-Ellachie people. Moreover, the Honourable David was a splendid swimmer. He went out in a boat with us, and dived like a seal. He was burning to teach Charles and myself to swim, when we told him we could neither of us take a single stroke; he said it was an accomplishment incumbent upon every true Englishman. But Charles hates the water; while, as for myself, I detest every known form of muscular exercise.

However, we consented that he should row us on the Firth, and made an appointment one day with himself and his wife for four the next evening.

That night Charles came to me with a very grave face in my own bedroom. "Sey," he said, under his breath, "have you observed? Have you watched? Have you any suspicions?"

I trembled violently. I felt all was up. "Suspicions of whom?" I asked. "Not surely of Simpson?" (he was Sir Charles's valet).

My respected brother-in-law looked at me contemptuously.

"Sey," he said, "are you trying to take me in? No, not of Simpson: of these two young folks. My own belief is—they're Colonel Clay and Madame Picardet."

"Impossible!" I cried.

He nodded. "I'm sure of it."

"How do you know?"

"Instinctively."

I seized his arm. "Charles," I said, imploring him, "do nothing rash. Remember how you exposed yourself to the ridicule of fools over Dr. Polperro!"

"I've thought of that," he answered, "and I mean to ca' caller." (When in Scotland as laird of Seldon, Charles loves both to dress and to speak the part thoroughly.) "First thing to-morrow I shall telegraph over to inquire at Glen-Ellachie; I shall find out whether this is really young Granton or not; meanwhile, I shall keep my eye close upon the fellow."

Early next morning, accordingly, a groom was dispatched with a telegram to Lord Craig-Ellachie. He was to ride over to Fowlis, send it off at once, and wait for the answer. At the same time, as it was probable Lord Craig-Ellachie would have started for the moors before the telegram reached the Lodge, I did not myself expect to see the reply arrive much before seven or eight that evening. Meanwhile, as it was far from certain we had not the real David Granton to deal with, it was necessary to be polite to our friendly rivals. Our experience in the Polperro incident had shown us both that too much zeal may be more dangerous than too little. Nevertheless, taught by previous misfortunes, we kept watching our man pretty close, determined that on this occasion, at least, he should neither do us nor yet escape us.

About four o'clock the red-haired young man and his pretty little wife came up to call for us. She looked so charming and squinted so enchantingly, one could hardly believe she was not as simple and innocent as she seemed to be. She tripped down to the Seldon boat-house, with Charles by her side, giggling and squinting her best, and then helped her husband to get the skiff ready. As she did so, Charles sidled up to me. "Sey," he whispered, "I'm an old hand, and I'm not readily taken in. I've been talking to that girl, and upon my soul I think she's all right. She's a charming little lady. We may be mistaken after all, of course, about young Granton. In any case, it's well for the present to be courteous. A most important option! If it's really he, we must do nothing to annoy him or let him see we suspect him."

I had noticed, indeed, that Mrs. Granton had made herself most agreeable to Charles from the very beginning. And as to one thing he was right. In her timid, shrinking way she was undeniably charming. That cast in her eye was all pure piquancy.

We rowed out on to the Firth, or, to be more strictly correct, the two Grantons rowed while Charles and I sat and leaned back in the stern on the luxurious cushions. They rowed fast and well. In a very few minutes they had rounded the point and got clear out of sight of the Cockneyfied towers and false battlements of Seldon.

Mrs. Granton pulled stroke. Even as she rowed she kept up a brisk undercurrent of timid chaff with Sir Charles, giggling all the while, half forward, half shy, like a school-girl who flirts with a man old enough to be her grandfather.

Sir Charles was flattered. He is susceptible to the pleasures of female attention, especially from the young, the simple, and the innocent. The wiles of women of the world he knows too well; but a pretty little ing�nue can twist him round her finger. They rowed on and on, till they drew abreast of Seamew's island. It is a jagged stack or skerry, well out to sea, very wild and precipitous on the landward side, but shelving gently outward; perhaps an acre in extent, with steep gray cliffs, covered at that time with crimson masses of red valerian. Mrs. Granton rowed up close to it. "Oh, what lovely flowers!" she cried, throwing her head back and gazing at them. "I wish I could get some! Let's land here and pick them. Sir Charles, you shall gather me a nice bunch for my sitting-room."

Charles rose to it innocently, like a trout to a fly.

"By all means, my dear child, I—I have a passion for flowers;" which was a flower of speech itself, but it served its purpose.

They rowed us round to the far side, where is the easiest landing-place. It struck me as odd at the moment that they seemed to know it. Then young Granton jumped lightly ashore; Mrs. Granton skipped after him. I confess it made me feel rather ashamed to see how clumsily Charles and I followed them, treading gingerly on the thwarts for fear of upsetting the boat, while the artless young thing just flew over the gunwale. So like White Heather! However, we got ashore at last in safety, and began to climb the rocks as well as we were able in search of the valerian.

Judge of our astonishment when next moment those two young people bounded back into the boat, pushed off with a peal of merry laughter, and left us there staring at them!

They rowed away, about twenty yards, into deep water. Then the man turned, and waved his hand at us gracefully. "Good-bye!" he said, "good-bye! Hope you'll pick a nice bunch! We're off to London!"

"Off!" Charles exclaimed, turning pale. "Off! What do you mean? You don't surely mean to say you're going to leave us here?"

The young man raised his cap with perfect politeness, while Mrs. Granton smiled, nodded, and kissed her pretty hand to us. "Yes," he answered; "for the present. We retire from the game. The fact of it is, it's a trifle too thin: this is a coup manqu�."

"A what?" Charles exclaimed, perspiring visibly.

"A coup manqu�," the young man replied, with a compassionate smile. "A failure, don't you know; a bad shot; a fiasco. I learn from my scouts that you sent a telegram by special messenger to Lord Craig-Ellachie this morning. That shows you suspect me. Now, it is a principle of my system never to go on for one move with a game when I find myself suspected. The slightest symptom of distrust, and—I back out immediately. My plans can only be worked to satisfaction when there is perfect confidence on the part of my patient. It is a well-known rule of the medical profession. I never try to bleed a man who struggles. So now we're off. Ta-ta! Good luck to you!"

He was not much more than twenty yards away, and could talk to us quite easily. But the water was deep; the islet rose sheer from I'm sure I don't know how many fathoms of sea; and we could neither of us swim. Charles stretched out his arms imploringly. "For Heaven's sake," he cried, "don't tell me you really mean to leave us here."

He looked so comical in his distress and terror that Mrs. Granton—Madame Picardet—whatever I am to call her—laughed melodiously in her prettiest way at the sight of him. "Dear Sir Charles," she called out, "pray don't be afraid! It's only a short and temporary imprisonment. We will send men to take you off. Dear David and I only need just time enough to get well ashore and make—oh!—a few slight alterations in our personal appearance." And she indicated with her hand, laughing, dear David's red wig and false sandy whiskers, as we felt convinced they must be now. She looked at them and tittered. Her manner at this moment was anything but shy. In fact, I will venture to say, it was that of a bold and brazen-faced hoyden.

"Then you are Colonel Clay!" Sir Charles cried, mopping his brow with his handkerchief.

"If you choose to call me so," the young man answered politely. "I'm sure it's most kind of you to supply me with a commission in Her Majesty's service. However, time presses, and we want to push off. Don't alarm yourselves unnecessarily. I will send a boat to take you away from this rock at the earliest possible

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