Mrs. Stewart smiling with would-be fascinating coyness. The smile would have been somewhat less complacent could she have heard old Jerome's comment as he placed upon the pantry shelf the fingerbowls which he had just removed from the table.

"Yas, yas, dat's it. Yo' needn't 'nounce it. We knows pintedly what yo's aimin' ter do, an' may de Lawd have mussy 'pon us if yo' succeeds. But dere's shorely gwine be ructions 'fore yo' does, er my name ain't Jerome Randolph Lee Stewart."

"I have to ride into Annapolis, this morning, Aunt Katherine. Would you like to drive in?" asked Peggy, when the unpleasant breakfast was ended.

"I should be delighted to, dear," answered Mrs. Stewart sweetly, striving to recover lost ground, for she felt that a good bit had been lost. "At what time do you start?"

"Immediately. I will order the surrey."

She left the room, her aunt's eyes following her with a half-mystified, half-baffled expression: Was the girl deeper than she had given her credit for being? Had she miscalculated the depth of the pool after all?

All through the breakfast hour Peggy had been a sweet and gracious young hostess, anticipating every want, looking to every detail of the service, ordering with a degree of self-possession which secretly astonished Mrs. Stewart, who felt that it would have been difficult for her, even with her advantage of years, to have equaled the girl's unassuming self-assurance and dignity, or have rivaled her perfect ability to sit at the head of her father's table. A moment later Mrs. Stewart went to her room to dress for the drive into town, her breakfast toilet having been a most elaborate silk negligee. Twenty minutes later the surrey stood at the door, but, contrary to Mrs. Stewart's expectations, her niece was not in it: she was mounted upon her beautiful black horse Shashai, at whose feet Tzaritza lay, her nose between her paws, but her ears a-quiver for the very first note of the low whistle which meant, "full speed ahead." On either side of Shashai, a superb bodyguard, stood Silver Star, Polly Howland's saddle horse, though he was still quartered at Severndale, and Roy, the colt that Peggy had raised from tiny babyhood, and which had followed her as he would have followed his dam, ever since the accident that had made him an orphan.

Perhaps the reader of "Peggy Stewart" will recall Mrs. Stewart's horror upon being met at the railway station by "the wild West show," as she stigmatized her niece's riding and her horses, for rarely did Peggy Stewart ride unless accompanied by her two beautiful horses and the wolfhound, and her riding was a source of marvel to more than one, her instructor having been Shelby, the veteran horse-trainer, who had been employed at Severndale ever since Peggy could remember, and whose early days had been spent upon a ranch in the far West where a man had to ride anything which possessed locomotive powers. At the present moment a more appreciative observer would have thrilled at the sight, for rarely is it given to mortal eyes to look upon a prettier picture than Peggy Stewart and her escort presented at that moment.

Given as a background a beautiful, carefully preserved estate, which for generations has been the pride of its owners, a superb old mansion of the most perfect colonial type, a sunny September morning, and as the figures upon that background a charming young girl in a white linen riding-skirt, her rich coloring at its best, her eyes shining, her seat in her saddle so perfect that she seemed a part of her mount, and you have something to look upon. To this add three thoroughbred horses and a snowy dog, an old colored servitor, for Jerome had come out with a message from Harrison, and it is a picture to be appreciated. Had the tall woman standing upon the broad piazza been able to do so, many things which happened later might never have happened at all.

Mrs. Stewart was elaborately gowned in a costume better suited for a drive in Newport than Annapolis, especially Annapolis in September. It was a striking creation of pale blue linen and Irish point lace, with a large lace hat, heavy with nodding plumes and a voluminous white lace veil floating out about it. She was a handsome woman in a certain conspicuous way, and certainly knew how to purchase her apparel, though, not above criticism in her selection of the toilet for the occasion, as the present instance evinced. She now walked to the piazza steps, and had anyone possessing a sense of humor been a witness of it, the transformation which passed over the lady's face en transit would have well nigh convulsed him, for the smile which had illumined her countenance at the door had gradually faded as she advanced until, when the steps were reached, it had been transformed into a most disapproving frown.

To Peggy the reason was a mystery, for she had not overheard her aunt's comments upon the occasion of the drive from the railway station three days before. Of course Jess had, and they had been freely circulated and keenly resented in the servants' quarters, but no whisper of them had been carried to the young mistress. Nevertheless, Peggy was beginning to discover that a good many of her actions, and also the order of things at Severndale, had brought a cloud to her Aunt's brow, and a little sigh escaped her lips as she wondered what the latest development would prove. It seemed so easy for things to go amiss nowadays, when heretofore nearly everything had seemed, as a matter of course, to go right. Then the self-elected dictator spoke:

"Peggy, dear, are you not to drive with me?"

"Thank you, Aunt Katherine, but I always ride, and I have several errands to do which I can better attend to if I am mounted."

"Well, it can hardly be necessary for you to have three saddle horses at once. It seems to me unnecessarily conspicuous, and in very bad taste for a young girl to go tearing about the country, and especially into Annapolis—the capital City of the State—in the guise of a traveling circus."

A slight smile curved Peggy's lips as she answered:

"Annapolis is not New York, Aunt Katherine. What might be out of place in such a city would be regarded as a matter of course in a little town where everybody knows everybody else, and they all know me, and the Severndale horses. Nobody ever gives us a thought. Why should they? I'm nothing but a girl riding into town on an errand."

"You are extremely modest, I must say. Is it quite native or well—we'll dismiss the question, but I must ask you to do me the favor of leaving your bodyguard behind today; it may not seem conspicuous for you to play in a Wild West Show, but I must decline to be an actor. You are growing too old for such mad pranks, and are far too handsome a girl to invite observation."

Peggy turned crimson.

"Why, Aunt Katherine, I never regarded it as a prank in the least. I have ridden this way all my life and no one has ever commented upon it. Daddy Neil knows of it—he has ridden with me hundreds of times himself—and never said one word against it. And you surely do not think I do it to invite observation? Why, there isn't anything to observe. I am certainly no better looking than hundreds of other girls; at least, you are the only one who has ever commented upon my personal appearance. But I beg your pardon; you are my guest. I am sorry. Bud, please call Shelby to take Star and Roy back; I don't dare trust them to you."

The little negro boy who had brought Shashai to the