the property his wife died, leaving him a little girl, who was called Ella after her. Captain Bayley was hot and passionate. His daughter grew up fiery and proud. Her father was passionately fond of her; but just when she reached the age of twenty, and had taken her place as one of the leading belles of Worcestershire, she disappeared suddenly from the circle of her acquaintances. What had happened no one ever knew. That there had been some terrible quarrel was certain. It was understood that Captain Bayley wished no questions to be asked. Her disappearance was a nine days' wonder in Worcestershire. Some said she had turned Roman Catholic and gone into a convent; others that she must have eloped, although with whom no one could guess. But at last the subject died out, until two years later Captain Bayley and his household appeared in mourning, and it was briefly announced that his daughter was dead.

Captain Bayley went about as before, peppery, kind-hearted, perhaps a little harder and more cynical than before, but a very popular personage in Worcestershire. Those who knew him best thought him the most altered, and said that although he appeared to bear the blow lightly he felt deeply at heart the death of his daughter. His nearest heirs now were his two nephews, Frank Norris and Barkley, sons of his married sisters. Alice Hardy bore no relation to him. For some years speculation had been rife as to which of his two nephews he would select as his heir.

Two years before this story begins Alice Hardy's father and mother had both died of typhoid fever, leaving Captain Bayley as guardian to their daughter. Somewhat to the surprise of his friends, the old officer not only accepted the trust, but had Alice installed at his house, there to be educated by a governess instead of being sent to school. But although in a short time she came to be regarded as the daughter of the house, no one thought that Captain Bayley would make her his heiress, as she had inherited a considerable fortune from her father; and the two lads at Westminster were still regarded as rivals for the heirship.

Captain Bayley had never been on good terms with either of his brothers-in-law; both had been merchants in the city, and the old officer considered that his sisters had made mesalliances in marrying them. Frank's father and mother had died within a few months of each other, when he was about twelve years old; Captain Bayley's house had since been his home. Fred was often invited to stay with his uncle down in Worcestershire, and his London house in Eaton Square was always open to him. Frank had never counted on the probability of his uncle leaving him any money. Certainly he never for a moment built castles in the air founded upon the chance of the inheritance. His father had been an easy-going and somewhat careless man, and would sometimes laugh with the boy in speaking of his future and predicting what he would do if he were come into old Bayley's estates. None of the Captain's intimates could—had they been asked—have declared a preference for the chances of either lad. Fred was certainly the cleverest. He had gone into college head of his year, and would have been Captain, had not one of those of the year before him, who had got into College under age, elected to stay a year longer at school, and therefore by right became Captain, while Fred had to be content with the honours of head monitor. Frank, on the other hand, had failed to get into College at all, and had remained a town boy.

Although it could not be said of Fred that in any open way he laid himself out to gain his uncle's favour, he was yet decidedly more attentive than was Frank, and would give up any other engagement he might have if Captain Bayley invited him to stay the Saturday and Sunday in Eaton Square, while Frank went carelessly his own way. And while there was nothing in the smallest degree servile in Fred's manner—for this indeed Captain Bayley would have instantly noticed and resented—there was just that slight deference which a young fellow should exhibit in conversation with an elder, while Frank, on the other hand, carelessly expressed his own opinion and ideas, which often differed very widely from those of the old officer.

Captain Bayley's own manner evinced no shade of partiality for one nephew over the other; and although Alice had a sort of faint suspicion that Frank, who was certainly her own favourite, was also that of her uncle, she could have given no reason for her belief.

In person the cousins were remarkably dissimilar. Frank was two inches the tallest, and had a still greater advantage in width. It was clear that he would grow into a big man, but his figure was at present loose and unformed; he had dark brown hair, with a slight wave, and would hardly have been called good-looking, were it not for his open, fearless expression and merry smile.

Fred's figure, although less strongly built, was far more formed, and it was probable that years would effect but little change in it. There was a sinew and wire in his frame which would have told an athlete of great latent strength in the slight figure. His hair was light, his features clear and sharply cut, and the face a decidedly intellectual one. His manner was somewhat cold and restrained, but pleasant and courteous to men older than himself; both young fellows carried themselves well, with a certain ease of bearing, and that nameless air of command which distinguish most young men who have passed through the upper forms of a great public school.

Both lads had their circle of friends and admirers at school, but Frank's was by far the largest. He was indeed universally popular, which was far from being the case with his cousin. Upon the other hand, while Frank seemed to be a sort of common property of the School, it was somehow esteemed by those in Barkley's set a special distinction to be admitted to his friendship.

But the party of three young people have been left long enough walking by the edge of the Serpentine. Presently they saw a knot of people gathered ahead; the number increased as others ran up.

"What's up, I wonder?" Frank said. "Look out there on the ice, Alice. You see that hole; there is something moving—there's a dog's head, I declare. Poor brute! it has run out after a stick, I suppose, and the ice has given under it."

"Poor little thing!" Alice exclaimed pitifully, "can't it get out? Do you think it will be drowned, Frank? Can nothing be done for it?"

"The best thing you can do, Alice," Fred replied, as Frank stood looking at the dog, who tried several times, but in vain, to scramble out, the ice each time breaking with its weight, "will be to turn and walk away; there is no use standing here harrowing your feelings by watching that poor little brute drown."

"Can nothing be done, Frank?" Alice again asked, paying no heed to Fred's suggestion.

"That is just what I am thinking," Frank replied. "You stop here, Alice, with Fred. I will go on and see what they are doing."

"Can't I go with you, Frank?"

"You had better stop here," Frank replied; "the crowd is getting thick there, and they are a roughish lot. Besides, you will not be able to see over their heads, and can do no good; so just do as I bid you."

The girl remained obediently with her cousin Fred, while Frank went off at a run towards the group.

"Frank orders you about just as if you were his fag," Fred said, with a smile which had in it something of a sneer.

"I don't mind," the girl said staunchly, "it's Frank's way, and I like it;—at any rate one always knows what Frank means, and he always means well."

"That is as much as to say, Alice, that you don't always understand what I mean, and that I don't always mean well," Fred Barkley said in a quiet tone, but with a little flush of anger