were guilty of, but to saunter in at nine-fifteen was tempting Fate.

"Missed your train?" asked Matthews, a sympathetic youth with freckles.

"Train?" said George; "don't be silly. My coachman overslept himself. Is she here?"

"Rather; got a new hat. Looks spiffing."

"I didn't ask about her hat," said George. "Where's Polly?"

"Upstairs in her office."

"Go and tell him I'm here, and ask if there's any telegrams for me."

Matthews was tickled at this display of humour, and told George that he'd got a nerve. He informed him that Busby and Gray had both arrived late; that Busby was in a beastly temper, but that Gray was in the best of spirits.

George smiled at the news concerning Busby. "It's that studying at the library," he said to himself facetiously. "No man can expect to keep his spirits up if he goes slogging away studying books, after putting in a full day at business. He wants recreation, a game of billiards, for instance. But that's the worst of these conscientious Johnnies; they get fifty pounds a year left them for study, and study they will, even if it means an early tomb."

Somebody went by, humming—