"Will you tell me what? You always do tell—us things," she said, in a gentle voice. The "us" came after a pause. She had almost said "me"; and it would have been true.

Ethel wondered if he were going to speak, he waited so long; but she too waited, and presently he began.

"We have lost almost everything. The Grange cannot be our home any longer. A small house—somewhere; and I—my mother and sisters will be dependent on me."

"Yes." It was a quiet grave monosyllable. As if on second thoughts, she added, "That will be a great trouble to you all."

"Not the worst yet! Fulvia's money is gone!"

"Gone! Where?"

Nigel made a movement of his hand towards the new mound. "He is—there! One cannot speak against him—now! It is a miserable tale. This is only for yourself—not to go further. He did not intend, of course, to injure any one—Fulvia least of all—if that is any excuse. I can't see that it is. As my mother says, no one ever does intend. But—we can't judge. I don't feel as if I could face his side of the matter; only to think of what has to be done. There will be something left—not much. I shall be a clerk at the Bank on £200 a year."

"I see," said Ethel gently. She grew more pale than usual, and there was a curious sense of constriction at her heart, as if a tight band impeded its beating; for she knew what all this meant. "Yes, I see; but you will make your way. Perhaps even—Does Fulvia mind very much?"

Nigel could speak more freely now. Once started, he had power to continue, and he even found speech a relief. He seldom felt it so with any one else, but with Ethel he did. Her silent sympathy drew him on. He told her of his father's death; of the dying words spoken to Fulvia and himself; of the hand placed in his; giving details that he had not given even to his mother, only omitting the look of joy on Fulvia's face, which had haunted him ever since. Nigel went through all this in a low monotonous voice, as to a well-tried friend, and Ethel read it so. When he spoke of Fulvia's disinterestedness, she detected a weariness of tone, a want of enthusiasm. He praised her, and was grateful; but the words of praise were measured.

Ethel listened patiently, shivering a little. It was dusk by this time, and the grass under their feet was wet. A cemetery is not a warm or cheerful place late on a January afternoon; and Ethel might well be excused for shivering, with the gravestones lying coldly around, while a little tomb of buried girlish hopes was being made in her own girlish heart. It was no wonder that she shivered and looked white. For she understood well whereto all this tended; even before Nigel went on to speak of Mr. Carden-Cox's condition of silence, and of his mother's distress. She understood—first, that he would not be free to marry her; secondly, that he would be called upon to marry some one else.