wrote to Peter in her large sprawling hand, "You dear little brother, I wish you'd come and live with us. We have such fun...." That was the best of Peggy. Always and everywhere she had such fun. She added, "Give my sisterly regards to the splendid hero who shared your mamma, and tell him we too live in a palace." That was so like Peggy, that sudden and amused prodding into the most secret intimacies of one's emotions. Peggy always discerned a great deal, and was blind to a great deal more.

CHAPTER II

THE CHOICE OF A CAREER

Hilary, stretching his slender length wearily in Peter's fat arm-chair, was saying in his high, sweet voice:

"It's the merest pittance, Peter, yours and mine. The Robinsons have it practically all. The Robinsons. Really, you know ..."

The sweet voice had a characteristic, vibrating break of contempt. Hilary had always hated the Robinsons, who now had it practically all. Hilary looked pale and tired; he had been settling his dead uncle's affairs for the last week. The Margerisons' uncle had not been a lovable man; Hilary could not pretend that he had loved him. Peter had, as far as he had been permitted to do so; Peter found it possible to be attached to most of the people he came across; he was a person of catholic sympathies and gregarious instincts. Even when he heard how the Robinsons had it practically all, he bore no resentment either against his uncle or the Robinsons. Such was life. And of course he and Hilary did not make wise use of money; that they had always been told.

"You'll have to leave Cambridge," Hilary told him. "You haven't enough to keep you here. I'm sorry, Peter; I'm afraid you'll have to begin and try to earn a living. But I can't imagine how, can you? Has any paying line of life ever occurred to you as possible?"

"Never," Peter assured him. "But I've not had time to think it over yet, of course. I supposed I should be up here for two years more, you see."

At Hilary's "You'll have to leave Cambridge," his face had changed sharply. Here was tragedy indeed. Bother the Robinsons.... But after a moment's pause for recovery he answered Hilary lightly enough. Such, again, was life. A marvellous two terms and a half, and then the familiar barred gate. It was an old story.

Hilary's thoughts turned to his own situation. They never, to tell the truth, dwelt very long on anybody else's.

"We," he said, "are destitute—absolutely. It's simply frightful, the wear and strain of it. Peggy, of course," he added plaintively, "is not a good manager. She likes spending, you know—and there's so seldom anything to spend, poor Peggy. So life is disappointing for her. The babies, I needn't say, are growing up little vagabonds. And they will bathe in the canals, which isn't respectable, of course; though one is relieved in a way that they should bathe anywhere."

"If he was selling any pictures," Peter reflected, "he would tell me," so he did not enquire. Peter had tact as to his questions. One rather needed it with Hilary. But he wondered vaguely what the babies had, at the moment, to grow up upon, even as little vagabonds. Presently Hilary enlightened him.

"I edit a magazine," he said, and Peter perceived that he was both proud and ashamed of the fact. "At least I am going to. A monthly publication for the entertainment and edification of the Englishman in Venice. Lord Evelyn Urquhart is financing it. You know he has taken up his residence in Venice? A pleasant crank. Venice is his latest craze. He buys glass. And, indeed, most other things. He shops all day. It's a mania. When he was young I believe he had a very fine taste. It's dulled now—a fearful life, as they say. Well, his last fancy is to run a magazine, and I'm to edit it. It's to be called 'The Gem.' 'Gemm' Adriatica,' you know, and all that; besides, it's more or less appropriate to the contents. It's to be largely concerned with what Lord Evelyn calls 'charming things.' Things the visiting Englishman likes to hear about, you know. It aims at being the Complete Tourist's Guide. I have to get hold of people who'll write articles on the Duomo mosaics, and the galleries and churches and palaces and so on, and glass and lace and anything else that occurs to them, in a way calculated to appeal to the cultivated British resident or visitor. I detest the breed, I needn't say. Pampered hotel Philistines pretending to culture and profaning the sanctuaries, Ruskin in hand. Ruskin. Really, you know.... Well, anyhow, my mission in life for the present is to minister to their insatiable appetite for rhapsodising over what they feel it incumbent on them to admire."

"Rather fascinating," Peter said. It was a pity that Hilary always so disliked any work he had to do. Work—a terrific, insatiable god, demanding its hideous human sacrifices from the dawn of the world till twilight—so Hilary saw it. The idea of being horrible, all the concrete details into which it was translated were horrible too.

"If it was me," said Peter, "I should minister to my own appetite, no one else's. Bother the cultivated resident. He'd jolly well have to take what I gave him. And glass and mosaic and lace—what glorious things to write about.... I rather love Lord Evelyn, don't you."

Peter remembered him at Astleys, in Berkshire—Urquhart's uncle, tall and slim and exquisite, with beautiful waistcoats and white, attractive, nervous hands, that played with a monocle, and a high-pitched voice, and a whimsical, prematurely worn-out face, and a habit of screwing up short-sighted eyes and saying, with his queer, closed enunciation, "Quate charming. Quate." He had always liked Peter, who had been a gentle and amused boy and had reminded him of Sylvia Hope, lacking her beauty, but with a funny touch of her charm. Peter had loved the things he loved, too—the precious and admirable things he had collected round him through a recklessly extravagant life. Peter at fifteen, in the first hour of his first visit to Astleys, had been caught out of the incredible romance of being in Urquhart's home into a new marvel, and stood breathless before a Bow rose bowl of soft and mellow paste, ornamented with old Japan May flowers in red and gold and green, and dated "New Canton, 1750."

"Lake it?" a high voice had asked behind his shoulder. "Lake the sort of thing?" and there was the tall, funny man swaying on his heels and screwing his glass into his eye and looking down on Peter with whimsical interest. Little Peter had said shyly that he did.

"Prefer chaney to cricket?" asked Urquhart's uncle, with his agreeable laugh that was too attractive to be described as a titter, a name that its high, light quality might have suggested. But to that Peter said "No." He had been asked to Astleys for the cricket week; he was going to play for Urquhart's team. Not that he was any good; but to scrape through without disgrace (of course he didn't) was at the moment the goal of life.

Lord Evelyn had seemed disappointed. "If I could get you away from Denis," he said, "I'll be bound cricket wouldn't be in the 'also rans.'"

And at that moment Denis had sauntered up, and Peter's worshipping regard had turned from Lord Evelyn's rose bowl to his nephew, and it was Bow china that was not among the also rans. At that too Lord Evelyn had laughed, with his queer, closed mirth.

"Keep that till you fall in love," he had inwardly admonished Peter's back as the two walked away together. "I daresay she won't deserve it any better—but that's a law of nature, and this is sheer squandering. My word, how that boy does lake things—and people!" After all, it was hardly for any Urquhart to condemn squandering.

That was Lord Evelyn, as he lived in Peter's memory—a generous, whimsical, pleasant crank, touched with his nephew's glamour of charm.

When Peter said, "I rather love him, don't you," Hilary replied, "He's a fearful old spendthrift."

Peter demurred at the old. It