half in earnest, at James Tapster!

To tell the truth, Miss Farrow had not forgotten Bubbles when she had assented to Lionel Varick's suggestion that rich, if dull-witted, James Tapster should be included in the party.

In what was called the moat garden of Wyndfell Hall, twilight was deepening into night. But Lionel Varick, who was now pacing up and down the broad path which followed the course of the moat, could still see, sharply outlined against the pale winter sky, the vision of tranquil beauty and the storehouse of archaeological and antiquarian interest which was now his home.

By his special orders the windows had been left uncurtained. There were lights in a great number of the rooms—indeed, the lower part of the house was brilliantly illuminated. But as the windows in the beautiful linen-panelled hall were diamond-paned, the brilliance was softened, and there was something deliriously welcoming, almost fairy-like, in the picture the old house presented to its new owner's eager gaze.

After a while he stayed his steps near the narrow brick bridge which spanned the moat where a carriage road connected the domain of Wyndfell Hall with the outside world, and, as he stood there in the gathering twilight, he looked a romantic figure. Tall and well-built, he took, perhaps, an almost excessive care over his dress. Yet there was nothing effeminate or foppish about his appearance.

A follower of that now forgotten science, phrenology, would have been impressed by Lionel Varick's head. It was large and well-shaped, with a great deal of almost golden hair, now showing a white thread or two, which did not, however, detract from his look of youth. He had a fine broad forehead; deep, well-set grey eyes; and a beautiful, sensitive mouth, which he took care not to conceal with a moustache. Thus in almost any company he would have looked striking and distinguished—the sort of man of whom people ask, "Who is that standing over there?"

Varick was a man of moods—subject, that is, to fits of exultation and of depression—and yet with an amazing power of self-control, and of entirely hiding what he felt from those about him.

To-night his mood was one of exultation. He almost felt what Scots call "fey." Something seemed to tell him that he was within reach of the fruition of desires which, even in his most confident moments, had appeared till now wildly out of any possibility of attainment. He came, on both his father's and his mother's side, of people who had lived for centuries the secure, pleasant life of the English county gentry. But instead of taking advantage of their opportunities, the Varicks had gone not upwards, but steadily downwards—the final crash having been owing to the folly, indeed the far more than folly, as Lionel Varick had come to know when still a child, of his own father.

Lionel's father had not lived long after his disgraceful bankruptcy. But he had had time to imbue his boy with an intense pride in the past glories of the Varick family. So it was that the shabby, ugly little villa where his boyhood had been spent on the outskirts of a town famous for its grammar-school, and where his mother settled for her boy's sake after her husband's death, had been peopled to young Varick with visions of just such a country home as was this wonderful old house now before him.

No wonder he felt "fey" to-night. Everything was falling out as he had hoped it would do. He had staked very high—staked, indeed, all that a man can stake in our complex civilization, and he had won! In the whole wide world there was only one human being who wished him ill. This was an elderly woman, named Julia Pigchalke, who had been his late wife's one-time governess and companion. She had been his enemy from the first day they had met, and she had done her utmost to prevent his marriage to her employer. Even now, in spite of what poor Milly's own solicitor called his "thoughtful generosity" to Miss Pigchalke, the woman was pursuing Varick with an almost insane hatred. About six months ago she had called on Dr. Panton, the clever young medical man who had attended poor Mrs. Varick during her last illness. She had formulated vague accusations against Varick—accusations of cruelty and neglect of so absurd a nature that they refuted themselves. Miss Pigchalke's behaviour was the more monstrous that she had already received the first fifty pounds of the hundred-pound pension her friend's widower had arranged to give her.

In a will made before her marriage, the late Mrs. Varick had left her companion two thousand pounds, and though the legacy had been omitted from her final will, Varick had of his own accord suggested that he should allow Miss Pigchalke a hundred a year. She had begun by sending back the first half-yearly cheque; but she had finally accepted it! To-night he reminded himself with satisfaction that the second fifty pounds had already been sent her, and that this time she would evidently make no bones about keeping the money.

Making a determined effort, he chased her sinister image from his thoughts, and turned his mind to the still attractive woman who was about to act as hostess to his Christmas party.

His keen face softened as he thought of Blanche Farrow. Poor, proud, well-bred and pleasant, poor only in a relative sense, for she was the only unmarried daughter of an Irish peer whose title had passed away to a distant cousin. Miss Farrow could have lived in comfort and in dignity on what income she had, but for one inexplicable failing—the more old-fashioned and severe of her friends and relatives called it a vice.

Soon after she had come into the enjoyment of her few hundreds a year, some rich, idle acquaintance had taken Blanche to Monte Carlo, and there, like a duck to water, she had taken to play! Henceforth gambling—any kind of gambling—had become her absorbing interest in life. It was well indeed that what fortune she had was strictly settled on her sisters' children, her two brothers-in-law being her trustees. With one of them, who was really wealthy, she had long ago quarrelled. With the other, now a widower, with only a life interest in his estate, she was on coldly cordial terms, and sometimes, as was the case now, acted as chaperon to his only child, her niece and namesake, Bubbles Dunster.

Blanche Farrow never begged or borrowed. When more hard hit than usual, she retired, alone with her faithful maid, to some cheap corner of the Continent; and as she kept her money worries to herself, she was well liked and popular with a considerable circle.

Such was the human being who in a sense was Lionel Varick's only close friend. They had met in a strange way, some ten years ago, in what Miss Farrow's sterner brother-in-law had called a gambling hell. And, just as we know that sometimes Satan will be found rebuking sin, so Blanche Farrow had set herself to stop the then young Lionel Varick on the brink. He had been in love with her at that time, and on the most unpleasant evening when a cosy flat in Jermyn Street had been raided by the police, he had given Blanche Farrow his word that he would never play again; and he had kept his word. He alone knew how grateful he had cause to be to the woman who had saved him from joining the doomed throng who only live for play.

And now there was still to their friendship just that delightful little touch of sentiment which adds salt and savour to almost every relation between a man and a woman. Though Blanche was some years older than Lionel, she looked, if anything, younger than he did, for she had the slim, upright figure, the pretty soft brown hair, and the delicate, finely modelled features which keep so many an Englishwoman of her type and class young—young, if not in years, yet young in everything else that counts. Even what she sometimes playfully called her petit vice had not made her haggard or worn, and she had never lost interest in becoming, well-made clothes.

Blanche Farrow thought she knew everything there was to know about Lionel Varick,