"Well, it's like this, Margery," I said at last. "Supposing—well—you see, supposing,—that is to say, if I——" and then I stopped. I had a sort of feeling—intuition, they call it—that I was beginning in the wrong way.

"Go on," said Margery.

"Perhaps, I had better put it this way. Supposing you were to—Well, we'd better begin further back than that. You know what—No, I don't suppose you do know that. Well, if I—that is to say, when a man—you know, it's rather difficult to explain this, Margery."

"Are you explaining it now?"

"I'm just going to begin."

"Thank you, uncle."

I lit my pipe slowly, while I considered again how best to approach the matter.

"'Home Rails Firm,'" said Margery. "Isn't it a funny thing to say?"

It was. It was a very silly thing to say. Whoever said it first might have known what it would lead to.

"Perhaps I can explain it best like this, Margery," I said, beginning on a new tack. "I suppose you know what 'firm' means?"