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to allow the two to meet. "We must conceal our engagement from Mr. Girdlestone."

"Conceal our engagement!"

"Yes, Tom. He has warned me so often against anything of the sort, that really I don't know what he would do if he knew about it. He would certainly make it very uncomfortable for me to live with him. Remember I am nearly twenty now, so in a little more than a year I shall be entirely free. That is not very long."

"I don't know about that," Tom said doubtfully. "However, if you will be more comfortable, of course that settles the question. It seems rather hard, though, that we should have to conceal it, simply in order to pacify this old bear."

"It's only for a time, Tom; and you may tell them at home by all means. Now, good-bye, dear; they will see you from the windows if you come nearer."

"Good-bye, my darling."

They shook hands and parted, he hurrying away with the glad tidings to Phillimore Gardens, she tripping back to her captivity with the lightest heart that she had felt for a weary time. Passers-by glanced back at the bright little face under the bright little bonnet, and Ezra Girdlestone, looking down at her from the drawing-room window, bethought him that if the diamond speculation should fail it would be no hardship to turn to his father's word.

CHAPTER XIV. A SLIGHT MISUNDERSTANDING.

The revelation of the real state of the firm's finances was a terrible blow to Ezra Girdlestone. To a man of his overbearing, tempestuous disposition failure and poverty were bitter things to face. He had been wont to tread down before him all such little difficulties and obstacles as came across him in his former life. Now he encountered a great barrier which could not be passed so easily, and he raged and chafed before it. It made him still more wroth to think that the fault was none of his. All his life he had reckoned, as a matter of course, that when his father passed away he would be left almost a millionaire. A single half-hour's conversation had shattered this delusion and left him face to face with ruin. He lost his sleep and became restless and hollow-eyed. Once or twice he was seen the worse for drink in the daytime.

He was a man of strong character, however, and though somewhat demoralized by the sudden shock, he threw away no point in the game which he and his father were playing. He saw clearly that only a bold stroke could save them. He therefore threw himself heart and soul into the diamond scheme, and worked out the details in a masterly manner. The more he looked into it the more convinced he became, not only of its feasibility, but of its absolute safety. It seemed as though it were hardly possible that it should fail.

Among other things he proceeded to qualify himself as a dealer in diamonds. It happened that he was acquainted with one of the partners of the firm of Fugger & Stoltz, who did the largest import trade in precious stones. Through his kindness he received practical instructions in the variety and value of diamonds, and learned to detect all those little flaws and peculiarities which are only visible to the eye of an expert, and yet are of the highest importance in determinating the price of a stone. With such opportunities Ezra made rapid progress, and within a few weeks there were not many dealers in the trade who had a better grasp of the subject.

Both the Girdlestones recognized that the success of their plan depended very largely upon their choice of an agent, and both were of the opinion that in Major Tobias Clutterbuck they had just the man that they were in want of. The younger merchant had long felt vaguely that the major's social position, combined with his impecuniosity and the looseness of his morality, as inferred from his mode of life, might some day make him a valuable agent under delicate circumstances. As to the old soldier's own inclinations, Ezra flattered himself that he knew the man's nature to a nicety. It was simply a question of the price to be paid. No doubt the figure would be substantial, but he recognized with a trader's instinct that the article was a superior one, and he was content to allow for the quality in estimating the value.

Early one April afternoon the major was strutting down St. James's Street, frock-coated and kid-gloved, with protuberant chest and glittering shoes which peeped out from beneath the daintiest of gaiters. Young Girdlestone, who had been on the look-out from a club window, ran across and intercepted him.

"How are you, my dear major?" he cried, advancing upon him with outstretched hand and as much show of geniality as his nature permitted.

"How d'ye do? How d'ye do?" said the other somewhat pompously. He had made up his mind that nothing was to be done with the young man, and yet he was reluctant to break entirely with one whose purse was well lined and who had sporting proclivities.

"I've been wishing to speak with you for some days, major," said Ezra.
"When could I see you?"

"You'll niver see me any plainer than you do at this very moment," the old soldier answered, taking a sidelong glance of suspicion at his companion.

"Ah, but I wish to speak to you quietly on a matter of business," the young merchant persisted. "It's a delicate matter which may need some talking over, and, above all, it is a private matter."

"Ged!" said the major, with a wheezy laugh, "you'd have thought I wanted to borrow money if I had said as much. Look here now, we'll go into White's private billiard-room, and I'll let you have two hunthred out of five for a tinner—though it's as good as handing you the money to offer you such odds. You can talk this over while we play."

"No, no, major," urged the junior partner. "I tell you it is a matter of the greatest importance to both of us. Can you meet me at Nelson's Cafe at four o'clock? I know the manager, and he'll let us have a private room."

"I'd ask you round to me own little place," the major said, "but it's rather too far. Nelson's at four. Right you are! 'Punctuality is next to godliness,' as ould Willoughby of the Buffs used to say. You didn't know Willoughby, eh? Gad, he was second to a man at Gib in '47. He brought his man on the ground, but the opponents didn't turn up. Two minutes after time Willoughby wanted his man to leave. 'Teach 'em punctuality,' he said. 'Can't be done,' said his man. 'Must be done,' said Willoughby. 'Out of the question,' said the man, and wouldn't budge. Willoughby persisted; there were high words and a quarrel. The docther put 'em up at fifteen paces, and the man shot Willoughby through the calf of the leg. He was a martyr to punctuality. Four o'clock-bye, bye!" The major nodded pleasantly and swaggered away, flourishing his little cane jauntily in the air.

In spite of his admiration of punctuality, as exemplified in the person of Willoughby of the Buffs, the major took good care to arrive at the trysting-place somewhat behind the appointed time. It was clear to him that some service or other was expected of him, and it was obviously his game therefore to hang back and not appear to be too eager to enter into young Girdlestone's views. When he presented himself at the entrance of Nelson's Cafe the young merchant had been fuming and chafing in the sitting-room for five and twenty minutes.

It was a dingy apartment, with a single large horse-hair chair and half a dozen small wooden dittoes, placed with mathematical precision along the walls. A square table in the centre and a shabby mirror over the mantelpiece completed the furniture. With the instinct of an old campaigner the major immediately dropped into the arm-chair, and, leaning luxuriously back, took a cigar from his case and proceeded to light it. Ezra Girdlestone seated himself near the table and twisted his dark moustache, as was his habit when collecting himself.

"What will you drink?" he asked,

"Anything that's going."

"Fetch in a decanter of brandy and some seltzer water," said Ezra to the waiter; "then shut the door and leave us entirely to ourselves."

When the liquor was placed upon the table he drank off his first glass at a gulp, and then refilled it. The major placed his upon the mantelpiece beside him without tasting it. Both were endeavouring to be at their best and clearest in the coming interview, and each set about it in his own manner.

"I'll tell you why I wanted to have a chat with you, major," Ezra said, having first opened the door suddenly and glanced out as a precaution against eavesdroppers. "I have to be cautious, because what I have to say affects the interest of the firm. I wouldn't for the world have any one know about it except yourself."

"What is it, me boy?" the major asked, with languid curiosity, puffing at his weed and staring up at the smoke-blackened ceiling.

"You understand that in commercial speculations the least breath of information beforehand may mean a loss of thousands on thousands."

The major nodded his head as a sign that he appreciated this fact.

"We have a difficult enterprise on which we are about to embark," Ezra said, leaning forward and sinking his voice almost to a whisper. "It is one which will need great skill and tact, though it may be made to pay well if properly managed. You follow me?"

His companion nodded once more.

"For this enterprise we require an agent to perform one of the principal parts. This agent must possess great ability, and, at the same time, be a man on whom we can thoroughly rely. Of course we do not expect to find such qualities without paying for them."

The major grunted a hearty acquiescence.

"My father," continued Ezra, "wanted to employ one of our own men.
We have numbers who are capable in every way of managing the business.
I interfered, however. I said that I had a good friend, named Major
Tobias Clutterbuck, who was well qualified for the position.
I mentioned that you were of the blood of the old Silesian kings. Was I
not right?"

"Begad you were not. Milesian, sir; Milesian!"

"Ah, Milesian. It's all the same."

"It's nothing of the sort," said the major indignantly.

"I mean it was all the same to my father. He wouldn't know the difference. Well, I told him of your high descent, and that you were a traveller, a soldier, and a man of steady and trustworthy habits."

"Eh?" ejaculated the major involuntarily. "Well, all right. Go on!"

"I told him all this," said Ezra slowly, "and I pointed out to him that the sum of money which he was prepared to lay out would be better expended on such a man than on one who had no virtues beyond those of business."

"I didn't give you credit for so much sinse!" his companion exclaimed with enthusiasm.

"I said to him that if the matter were left entirely in your hands we could rely upon its being done thoroughly. At the same time, we should have the satisfaction of knowing that the substantial sum which we are prepared to pay our agent had come into worthy hands."

"You hit it there again," murmured the veteran.

"You are prepared, then," said Ezra, glancing keenly at him, "to put yourself at our orders on condition that you are well paid for it?"

"Not so fast, me young friend, not so fast!" said the major, taking his cigar from between his lips and letting the blue smoke curl round his head. "Let's hear what it is that you want me to do, and then I'm riddy to say what I'll agree to and what I won't. I remimber Jimmy Baxter in Texas—"

"Hang Jimmy Baxter!" Ezra cried impatiently.

"That's been done already," observed the major calmly. "Lynched for horse-stealing in '66. However, go on, and I'll

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