"Ah," said Janetta, "it is certain that I should never be perfect. And after Margaret!"

"I esteem you, I respect you, much more than Margaret."

"But esteem is not enough, Sir Philip. No, you do not love me; and I think—if I may say so—that you do love Margaret Adair."

Sir Philip reddened distressfully, and bit his lip.

"I am quite sure, Miss Colwyn, that I have no thoughts of her that would do you an injustice. I did love Margaret—perhaps—but I found that I was mistaken in her. And she is certainly lost to me now. She loves another."

"And you will love another one day, if you do not win her yet," said Janetta, with decision. "But you do not love me, and I certainly will never marry any one who does not. Besides—I should have a feeling of treachery to Margaret."

"Which would be quite absurd and unwarrantable. Think of some better reason if you want to convince me. I hope still to make you believe that I do care for you."

Janetta shook her head. "It's no use, Sir Philip. I should be doing very wrong if I consented, knowing what I do. And besides, there is another reason. I cannot tell it to you, but indeed there is a good reason for my not marrying you."

"Has it anything to do with position—or—or money, may I ask? Because these things are immaterial to me."

"And I'm afraid I did not think about them," said Janetta, with a frank blush, which made him like her better than ever. "I ought to have remembered how great an honor you were doing me and been grateful!—no, it was not that."