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was her letter; and that she would get from him before furnishing the money for the payment of his other debts.

These things out of the way, her thoughts turned to the matter of the greater dread; that of which all along she had feared to think for a moment: Harold!

Harold! and her treatment of him!

The first reception of the idea was positive anguish. From the moment he had left her till now there had been no time when a consideration of the matter was possible. Time pressed, or circumstances had interfered, or her own personal condition had forbidden. Now, when she was alone, the whole awful truth burst on her like an avalanche. Stephen felt the issue of her thinking before the thinking itself was accomplished; and it was with a smothered groan that she, in the darkness, held up her arms with fingers linked in desperate concentration of appeal.

Oh, if she could only take back one hour of her life, well she knew what that hour would be! Even that shameful time with Leonard on the hilltop seemed innocuous beside the degrading remembrance of her conduct to the noble friend of her whole life.

Sadly she turned over in her bed, and with shut eyes put her burning face on the pillow, to hide, as it were, from herself her abject depth of shame.

Leonard lounged through the next morning with what patience he could. At four o’clock he was at the door of Normanstand in his dogcart. This time he had a groom with him and a suitcase packed for a night’s use, as he was to go on to London after his interview with Stephen. He had lost sight altogether of the matter of Stephen’s letter, or else he would have been more nervous.

He was taken into the blue drawing-room, where shortly Miss Rowly joined him. He had not expected this. His mental uneasiness manifested itself in his manner, and his fidgeting was not unobserved by the astute old lady. He was disconcerted; ‘overwhelmed’ would better have described his feelings when she said:

‘Miss Norman is sorry she can’t see you to-day as she is making a visit; but she has given me a message for you, or rather a commission to discharge. Perhaps you had better sit down at the table; there are writing materials there, and I shall want a receipt of some sort.’

‘Stephen did not say anything about a receipt!’ The other smiled sweetly as she said in a calm way:

‘But unfortunately Miss Norman is not here; and so I have to do the best I can. I really must have some proof that I have fulfilled my trust. You see, Mr. Everard, though it is what lawyers call a “friendly” transaction, it is more or less a business act; and I must protect myself.’

Leonard saw that he must comply, for time pressed. He sat down at the table. Taking up a pen and drawing a sheet of paper towards him, he said with what command of his voice he could:

‘What am I to write?’ The old lady took from her basket a folded sheet of notepaper, and, putting on her reading-glasses, said as she smoothed it out:

‘I think it would be well to say something like this—“I, Leonard Everard, of Brindehow, in the Parish of Normanstand, in the County of Norcester, hereby acknowledge the receipt from Miss Laetitia Rowly of nine hundred pounds sterling lent to me in accordance with my request, the same being to clear me of a pressing debt due by me.’

When he had finished writing the receipt Miss Rowly looked it over, and handing it back to him, said:

‘Now sign; and date!’ He did so with suppressed anger.

She folded the document carefully and put it in her pocket. Then taking from the little pouch which she wore at her belt a roll of notes, she counted out on the table nine notes of one hundred pounds each. As she put down the last she said:

‘Miss Norman asked me to say that a hundred pounds is added to the sum you specified to her, as doubtless the usurers would, since you are actually behind the time promised for repayment, require something extra as a solatium or to avoid legal proceedings already undertaken. In fact that they would “put more salt on your tail.” The expression, I regret to say, is not mine.’

Leonard folded up the notes, put them into his pocket-book, and walked away. He did not feel like adding verbal thanks to the document already signed. As he got near the door the thought struck him; turning back he said:

‘May I ask if Stephen said anything about getting the document?’

‘I beg your pardon,’ she said icily, ‘did you speak of any one?’

‘Miss Norman, I meant!’ Miss Rowly’s answer to this came so smartly that it left an added sting. Her arrow was fledged with two feathers so that it must shoot true: her distrust of him and his own impotence.

‘Oh no! Miss Norman knows nothing of this. She simply asked me to give you the money. This is my own doing entirely. You see, I must exercise my judgment on my dear niece’s behalf. Of course it may not be necessary to show her the receipt; but if it should ever be advisable it is always there.’

He looked at her with anger, not unmixed with admiration, as, bowing rather lower than necessary, he went out of the door, saying sotto voce, between his teeth:

‘When my turn comes out you go! Neck and crop! Quick! Normanstand isn’t big enough to hold us both!’

CHAPTER XVIII—MORE BUSINESS

When Leonard tendered the eight hundred pounds in payment of his debt of five hundred, Mr. Cavendish at first refused to take it. But when Leonard calmly but firmly refused to pay a single penny beyond the obligations already incurred, including interest on the full sum for one day, he acquiesced. He knew the type of man fully; and knew also that in all probability it would not be long before he would come to the Firm again on a borrowing errand. When such time should come, he would put an extra clause into his Memorandum of Agreement which would allow the Firm full power to make whatever extra charge they might choose in case of the slightest default in making payment.

Leonard’s visits to town had not of late been many, and such as he had had were not accompanied with a plethora of cash. He now felt that he had earned a holiday; and it was not till the third morning that he returned to Brindehow. His father made no comment on his absence; his only allusion to the subject was:

‘Back all right! Any news in town?’ There was, however, an unwonted suavity in his manner which made Leonard a little anxious. He busied himself for the balance of the morning in getting together all his unpaid accounts and making a schedule of them. The total at first amazed almost as much as it frightened him. He feared what Stephen would say. She had already commented unfavourably on the one amount she had seen. When she was face to face with this she might refuse to pay altogether. It would therefore be wise to propitiate her. What could he do in this direction? His thoughts naturally turned to the missing letter. If he could get possession of it, it would either serve as a sop or a threat. In the one case she would be so glad to have it back that she would not stick at a few pounds; in the other it would ‘bring her to her senses’ as he put in his own mind his intention of blackmail.

He was getting so tightened up in situation that as yet he could only do as he was told, and keep his temper as well as he could.

Altogether it was in a chastened mood that he made his appearance at Normanstand later in the afternoon. He was evidently expected, for he was shown into the study without a word. Here Miss Rowly and Stephen joined him. Both were very kind in manner. After the usual greetings and commonplaces Stephen said in a brisk, businesslike way:

‘Have you the papers with you?’ He took the bundle of accounts from his pocket and handed them to her. After his previous experience he would have suggested, had he dared, that he should see Stephen alone; but he feared the old lady. He therefore merely said:

‘I am afraid you will find the amount very large. But I have put down everything!’

So he had; and more than everything. At the last an idea struck him that as he was getting so much he might as well have a little more. He therefore added several good-sized amounts which he called ‘debts of honour.’ This would, he thought, appeal to the feminine mind. Stephen did not look at the papers at once. She stood up, holding them, and said to Miss Rowly:

‘Now, if you will talk to Mr. Everard I will go over these documents quietly by myself. When I have been through them and understand them all I shall come back; and we will see what can be done.’ She moved gracefully out of the room, closing the door behind her. As is usual with women, she had more than one motive for her action in going away. In the first place, she wished to be alone whilst she went over the schedule of the debts. She feared she might get angry; and in the present state of her mind towards Leonard the expression of any feeling, even contempt, would not be wise. Her best protection from him would be a manifest kindly negation of any special interest. In the second place, she believed that he would have her letter with the other papers, and she did not wish her aunt to see it, lest she should recognise the writing. In her boudoir, with a beating heart, she untied the string and looked through the papers.

Her letter was not among them.

For a few seconds she stood stock still, thinking. Then, with a sigh, she sat down and began to read the list of debts, turning to the originals now and again for details. As she went on, her wonder and disgust grew; and even a sense of fear came into her thoughts. A man who could be so wildly reckless and so selfishly unscrupulous was to be feared. She knew his father was a comparatively poor man, who could not possibly meet such a burden. If he were thus to his father, what might he be to her if he got a chance.

The thought of what he might have been to her, had he taken the chance she had given him, never occurred to her. This possibility had already reached the historical stage in her mind.

She made a few pencil notes on the list; and went back to the study. Her mind was made up.

She was quite businesslike and calm, did not manifest the slightest disapproval, but seemed to simply accept everything as facts. She asked Leonard a few questions on subjects regarding which she had made notes, such as discounts. Then she held the paper out to him and without any preliminary remark said:

‘Will you please put the names to these?’

‘How do you mean?’ he asked, flushing.

‘The names of the persons to whom these sums marked “debt of honour” are due.’ His reply came quickly, and was a little aggressive; he thought this might be a good time to make a bluff:

‘I do not see that that is necessary. I can settle them when I have the money.’ Slowly and without either pause or flurry Stephen replied, looking

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