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ON the occasion of the opening bill of the Artists’ Theatre, a young man who had just joined the staff of the Chronicle was delegated to attend and criticize the performance; what he said in praise or blame would not matter either way.... The play came off very well, was generously applauded, and there was an excited little supper afterward at which Felix and Rose-Ann and Clive and Phyllis and the cast of “The Dryad” drank a good deal of wine, and many compliments were bandied back and forth. And that, Felix thought, was the end of the matter.

But it seemed not. Of course, the young man who criticized the play for the Chronicle had to make a fool of himself and Felix by hailing him as “our new Barrie”; but that did not do any real harm. Most of the critics were sensible, and treated the event with casual indifference. But old Jennison, the “dean of the fraternity,” had gone the second night, and given the play a most astonishing commendation, well-calculated to turn any young playwright’s head—besides remarking privately to Felix on the street that he was wasting his time fooling with amateurs—why didn’t he aim for Broadway, he had the stuff in him, and so forth.... And the bill was going so well, on account, it was said, of Felix’s play, that the original run of two weeks had been extended to three.

Success? So his friends called it lightly, and though he made an effort to see it in its true perspective, Felix felt a glow of elation. Perhaps he had really shown that he could do something!

In this frame of mind, on the final night of the bill, which had managed to eke out a four weeks’ run, he went to another little supper party, with Rose-Ann, Clive and Phyllis, and the players, and heard—with somewhat less sense of being “guyed”—their extravagant praises.... Besides, he knew something that they did not know—not even, as yet, Rose-Ann: an actor-manager-playwright from New York, who happened to be in town, had seen “The Dryad,” liked it, and said that it could be made into a successful three-act play—had, in fact, offered to collaborate with him upon it! That sounded like the real thing. Perhaps these praises were not the absurdities they seemed....

That evening Clive was in a difficult mood; he and Phyllis had been tormenting each other of late to the point of exacerbation. Clive’s ironies lacked tonight the quality, whatever it was, that made them agreeable. He managed by some satirical remark to offend Miss Macklin, to whom he had been paying special attentions. He commenced to drink recklessly. Phyllis refused contemptuously to speak to him. And then suddenly he disappeared.

Phyllis came home with Felix and Rose-Ann. At the studio they made coffee, and talked about the ball and their costumes. At last Felix told them about the actor-manager and his offer.

“Well,” Phyllis asked, “how does it feel to have everything you want?”

“It feels,” Felix said, “unreal—disturbing. It can’t be true. Do you remember the story of Polycrates?”

“No,” said Phyllis.

“Herodotus tells about it—and I was thinking about it only today, and I made up a little rhyme about it. I’ll tell you the story....”