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that, because a few among us are scoundrels, we are altogether a bad lot.”

“What do you think of Mr Clearemout’s new mine?” asked Oliver.

“I believe it to be a genuine one,” said the old gentleman, turning a somewhat sharp glance on his nephew. “Why do you ask?”

“Because I doubt it,” replied Oliver.

“You are too sceptical,” said Mr Donnithorne almost testily; “too much given to judging things at first sight.”

“Nay, uncle; you are unfair. Had I judged of you at first sight, I should have thought you a—”

“Well, what? a smuggling old brandy-loving rascal—eh? and not far wrong after all.”

“At all events,” said Oliver, laughing, “I have lived to form a better opinion of you than that. But, in reference to Clearemout, I cannot shut my eyes to the fact that the work doing at the new mine is very like a sham, for they have only two men and a boy working her, with a captain to superintend; and it is said, for I made inquiries while in London, that thirty thousand pounds have been called up from the shareholders, and there are several highly paid directors, with an office-staff in the City drawing large salaries.”

“Nonsense, Oliver,” said Mr Donnithorne more testily than before; “you know very well that things must have a beginning, and that caution is necessary at first in all speculations. Besides, I feel convinced that Mr Clearemout is a most respectable man, and an uncommonly clever fellow to boot. It is quite plain that you don’t like him—that’s what prejudices you, Oliver. You’re jealous of the impression he has made on the people here.”

This last remark was made jestingly, but it caused the young doctor to wince, having hit nearer the truth than the old gentleman had any idea of, for although Oliver envied not the handsome stranger’s popularity, he was, almost unknown to himself, very jealous of the impression he seemed to have made on Rose Ellis.

A feeling of shame induced him to change the subject of conversation, with a laughing observation that he hoped such an unworthy motive did not influence him.

Now, while this conversation was going on in the parlour of Mr Donnithorne’s cottage, another dialogue was taking place in a small wooden erection at the end of the garden, which bore the dignified name of “Rose’s Bower.” The parties concerned in it were George Augustus Clearemout and Rose Ellis.

A day or two previous to the conversation to which we are about to draw attention, the managing director had undergone a change in his sentiments and intentions. When he first saw Rose he thought her an uncommonly sweet and pretty girl. A short acquaintance with her convinced him that she was even sweeter and prettier than at first he had thought her. This, coupled with the discovery that her uncle was very rich, and that he meant to leave a large portion of his wealth, if not all of it, to Rose, decided Clearemout, and he resolved to marry her. Afterwards he became aware of the fact that old Mr Donnithorne had met with losses, but he was ignorant of their extent, and still deemed it worth while to carry out his intentions.

George Augustus had been a “managing director” in various ways from his earliest infancy, and had never experienced much opposition to his will, so that he had acquired a habit of settling in his own mind whatever he meant to do, and forthwith doing it. On this occasion he resolved to sacrifice himself to Rose, in consideration of her prospective fortune—cash being, of course, Mr Clearemout’s god.

Great, then, was the managing director’s surprise, and astonishing the condition of his feelings, when, on venturing to express his wishes to Rose, he was kindly, but firmly, rejected! Mr Clearemout was so thunderstruck—having construed the unsophisticated girl’s candour and simplicity of manner into direct encouragement—that he could make no reply, but, with a profound bow, retired hastily from her presence, went to his lodgings, and sat down with his elbows on the table, and his face buried in his large hands, the fingers of which appeared to be crushing in his forehead, as if to stifle the thoughts that burned there. After sitting thus for half an hour he suddenly rose, with his face somewhat paler, and his lips a little more firmly compressed than usual.

It was an epoch in his existence. The man who had so often and so successfully deceived others had made the wonderful discovery that he had deceived himself. He had imagined that money was his sole object in wishing to marry Rose. He now discovered that love, or something like it, had so much to do with his wishes that he resolved to have her without money, and also without her consent.

Something within the man told him that Rose’s refusal was an unalterable one. He did not think it worth while to waste time in a second attempt. His plans, though hastily formed, required a good deal of preliminary arrangement, so he commenced to carry them out with the single exclamation, “I’ll do it!” accompanied with a blow from his heavy fist on the table, which, being a weak lodging-house one, was split from end to end. But the managing director had a soul above furniture at that moment. He hastily put on his hat and strode out of the house.

Making good use of a good horse, he paid sundry mysterious visits to various smuggling characters, to all of whom he was particularly agreeable and liberal in the bestowal of portions of the thirty thousand pounds with which a too confiding public had intrusted him. Among other places, he went to a cottage on a moor between St. Just and Penzance, and had a confidential interview with a man named Hicks, who was noted for his capacity to adapt himself to circumstances (when well paid) without being troubled by conscientious scruples. This man had a son who had once suffered from a broken collar-bone, and whose ears were particularly sharp. He chanced to overhear the conversation at the interview referred to, and dutifully reported the same to his mother, who happened to be a great gossip, and knew much about the private affairs of nearly everybody living within six miles of her. The good woman resolved to make some use of her information, but Mr Clearemout left the cottage in ignorance, of course, of her resolution.

Having transacted these little pieces of business, the managing director returned home, and, on the day following, sought and obtained an interview with Rose Ellis in her bower.

Recollecting the subject of their last conversation, Rose blushed, as much with indignation as confusion, at being intruded upon, but Mr Clearemout at once dispersed her angry feelings by assuring her in tones of deferential urbanity that he would not have presumed to intrude upon her but for the fact that he was about to quit Cornwall without delay, and he wished to talk with her for only a few minutes on business connected with Mr Donnithorne.

There was something so manly and straightforward in his tone and manner that she could not choose but allow him to sit down beside her, although she did falter out something about the propriety of talking on her uncle’s business affairs with Mr Donnithorne himself.

“Your observation is most just,” said Mr Clearemout earnestly; “but you are aware that your uncle’s nature is a delicate, sensitive one, and I feel that he would shrink from proposals coming from me, that he might listen to if made to him through you. I need not conceal from you, Miss Ellis, that I am acquainted with the losses which your uncle has recently sustained, and no one can appreciate more keenly than I do the harshness with which the world, in its ignorance of details, is apt to judge of the circumstances which brought about this sad state of things. I cannot help feeling deeply the kindness which has been shown me by Mr Donnithorne during my residence here, and I would, if I could, show him some kindness in return.”

Mr Clearemout paused here a few moments as if to reflect. He resolved to assume that Mr Donnithorne’s losses were ruinous, little imagining that in this assumption he was so very near the truth! Rose felt grateful to him for the kind and delicate way in which he referred to her uncle’s altered circumstances.

“Of course,” continued the managing director, “I need not say to you, that his independent spirit would never permit him to accept of assistance in the form which would be most immediately beneficial to him. Indeed, I could not bring myself to offer money even as a loan. But it happens that I have the power, just now, of disposing of the shares which he has taken in Wheal Dooem Mine at a very large profit; and as my hope of the success of that enterprise is very small, I—”

“Very small!” echoed Rose in surprise. “You astonish me, Mr Clearemout. Did I not hear you, only a few nights ago, say that you had the utmost confidence in the success of your undertaking?”

“Most true,” replied the managing director with a smile; “but in the world of business a few hours work wonderful changes, sometimes, in one’s opinion of things—witness the vacillations and variations ‘on ’Change’—if I may venture to allude before a lady to such an incomprehensible subject.”

Rose felt her vigorous little spirit rise, and she was about to return a smart reply in defence of woman’s intelligence even in business matters, but the recollection of the altered relative position in which they now stood restrained her.

“Yes,” continued Mr Clearemout, with a sigh, “the confidence which I felt in Wheal Dooem has been much shaken of late, and the sooner your uncle sells out the better.”

“But would it be right,” said Rose earnestly, “to sell our shares at a high profit if things be as you say?”

“Quite right,” replied Clearemout, with a bland smile of honesty; “I believe the mine to be a bad speculation; my friend, we shall suppose, believes it to be a good one. Believing as I do, I choose to sell out; believing as he does, he chooses to buy in. The simplest thing in the world, Miss Ellis. Done every day with eyes open, I assure you; but it is not every day that a chance occurs so opportunely as the present, and I felt it to be a duty to give my friend the benefit of my knowledge before quitting this place—for ever!”

There was something so kind and touching in the tone of the managing director that Rose was quite drawn towards him, and felt as if she had actually done him an unkindness in refusing him.

“But,” continued her companion, “I can do nothing, Miss Ellis, without your assistance.”

“You shall have it,” said Rose earnestly; “for I would do anything that a woman might venture, to benefit my dear, dear uncle, and I feel assured that you would not ask me to do anything wrong or unwomanly.”

“I would not indeed,” answered Clearemout with emotion; “but the world is apt to misjudge in matters of delicacy. To ask you to meet me on the cliffs near Priest’s Cove, close to Cape Cornwall, to-night, would appear wrong in the eyes of the world.”

“And with justice,” said Rose quickly, with a look of mingled dignity and surprise.

“Nevertheless, this is absolutely needful, if we would accomplish the object in view. A friend, whom I know to be desirous of purchasing shares in the mine is to pass round the cape in his yacht this evening. The idea of offering these shares to him had not occurred to me when I wrote to say that I would meet him there. He cannot come up here, I know, but the stroke of a pen, with one of the family to witness it, will be sufficient.”

It was a bold stroke of fancy in the managing director to put the matter in such a

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