The Colonel's thoughts rapidly skirted the pit which he had opened for himself. It is a long way from the hope of a rich son-in-law to the consideration of a daughter's happiness, but the Colonel presently covered it. "Her comfort," he demanded. "Have I nothing at stake there?"

But this was obviously so artificial that he felt Judith could not fail to perceive it. She sat silent, and the Colonel, after changing the subject, presently got himself out of the house. Perhaps he was to be pitied, if to be good-natured, weak, indulgent, deserves a better reward than a vigorous daughter's too-keen comprehension. Besides, the gentle one was turning against him. He nursed his grievance against Beth for a while, then at last found comfort in Judith after all. She at any rate would marry money. If she would only be quick about it!

And the Colonel, free from observation, sat down in the shrubbery to study the newspaper which he had brought with him, in the hope of drawing from its columns of figures information which should tell him where to lay his bet. He was gambling from week to week, quite as if he were laying on the red or black, although the means of his ventures were Consolidated, and (following the hint Jim Wayne had given) Poulton Mining and Milling, besides (a little discovery he had made for himself) Tilly Valley Oil. They were all up a point or two, but the Colonel was not entirely relieved as he studied the figures, because more than a few points were needed in order to make up for the slump of last week.

A man puzzles long at these things, sometimes; the Colonel's time was on him now, making him very peevish. It was hard, hard indeed, that both the market and Beth should go against him.

As regards Beth, the signs of her feeling were unmistakable. The eye of blissful brooding which she now always showed, the loving consideration with which she fulfilled all duties, bespoke the thoughts which mastered her. She and Jim had been drawing nearer through the weeks, a graded progress of lingering, slow-mounting ecstasy. And on one night, one starlight night, Beth and her lover came to a complete understanding.

Jim begged her to go with him to the beach. He was trembling a little himself, being genuinely inspired with a feeling above his own capacity to retain long; she felt the tremor in his voice as he asked the favour. "Let's get away from here," he said. "I want to speak with you."

So they went down to the beach, silent, so absorbed by what was coming that the touch of each other as they jostled in the darkness was enough to make them start. Jim had chosen where the proposal should be made, a nook beneath a bank where they had often sat by moonlight; but this was starlight, and no one was to see.

They sat beneath the bank; the dry sand made a soft seat, the breath of the salt-water quickened their spirits, the lapping of little waves spoke to them with a murmur of far away things. Their two hearts beat like four; Beth felt that she was breathless, Jim knew that he was wordless, and a long pause followed their arrival. At last Jim found that he could speak.

"How quiet it is!"

"And how lovely!"