Such is the literal report of a conversation which Beth thought highly delightful, but which Ellis delivered with some distortion of manner and word, calculated to throw discredit on Wayne's attractions. "Flat and silly," he characterised it. "Now if you suppose that a man of my age can say that sort of thing to a girl like Judith Blanchard, you're wrong, Lyddy—Lydia, I mean."

She seized her chance to show a little of her true feeling; long ago she had asked him not to use the old nickname. She answered coldly: "Of course, you know your affairs best. And equally of course, you can't do things which Mr. Wayne can."

"Don't be hard on me," he said. "Wayne's all right in his way, but I'm no boy, nor is Judith like her sister. If Wayne's a friend of yours, I'm sorry." For he divined that something more than his use of her name had caused her coldness.

"I scarcely know him," she responded. "But let me tell you that a woman had sometimes rather a man would make a fool of himself by calling her handsome, than be too wise in his talk."

Ellis had no answer ready, and the subject dropped, but before he left he made an attempt at conciliation. "You see, really sometimes I don't understand myself, even, or the girl. I'll try to remember what you say. Keep me in her mind, you know, Lydia."

It was a truth that he spoke: he did not understand the girl, nor himself. He still prized her fire and dreaded her theories, with each meeting he admired her more than ever, but he was finding in her a baffling reserve which taught him that he must go slow. He could not win her out of hand; some spring of action in her there was yet to find, some ideal which he must satisfy. Might it not be too high!—and there lay the new uncertainty in himself, that he was not sure of conquering her, while conquer her he must! For she was growing indispensable to him, all thought of her as a commodity had fled, and he was now familiar with that longing for her while still he found no name for it. The emotions which he understood were his own ambition and others' greed, he had no knowledge of the finer desires which can be roused in man. So, somewhat puzzled, he laboured to please Judith by the only means he knew, with far more success than might have been expected.

Then came that evening when Mrs. Harmon invited Judith to her house, where Ellis had arrived at almost the same time. It irritated the girl at first to be so evidently brought in his way, and with Mather's achievement in her mind she was for some time cool and quiet, until Mrs. Harmon, with great self-control, took herself out of the room. Then Ellis brought the conversation at once to familiar ground. He told Judith that he had for some time been working to bring about a combination of the cotton manufacturers. "We can control the whole section, and can do much toward setting prices, if this can only be managed."

"You mean to make it a trust?" asked Judith, interested.

"Yes," he said. "But some of the operators are shy, the contracts and the sharing are so intricate. They—I—they don't know what I'm really at."

Judith failed to understand that his reputation stood in the way of complete confidence. "Can't they see that the combination will benefit them?"