Humphrey laughed. It was jolly to have Beaver in the loneliness of London. This was quite another Beaver, a better-groomed Beaver, with a clean collar, and only one day's stubble on his chin. He made swift calculations—twelve and seven—nineteen, and coals—what of coals?

Coals were a shilling a scuttle. Beaver confided to him that he had a regular system for checking the coal supply. It seems he made an inventory of every lump of coal in every fresh scuttleful. He kept a kind of day-book and ledger system of coal, debiting against the credit supply the lumps that he put on the fire, and balancing his books at night. In this way Mrs Wayzgoose, the landlady, found no opportunity for making extra capital out of the coal business.

"You're better off than I am," Beaver said. "I've only got the top room at eight shillings a week—a bed-sitting room. But then, I send ten shillings a week to my sister. It doesn't leave@ very much by the time I've had my meals and paid the rent."

Humphrey begged him to consider the sitting-room as his own, so long as he lived in the house. They began to unpack together, Beaver making exclamations of surprise at the turn of things.

"Fancy you being on The Day!" he said, pausing with a volume in each hand.

"It all happened so quickly. I took your advice. Ferrol seems a wonderful chap."

"Oh! I daresay Ferrol's all right ... but The Day's got an awful reputation. They're always sacking somebody.... I'd rather be where I am. They've got to keep firing, you know. New blood, and new ideas. That's what they want."

Humphrey laughed. "I'm not afraid," he said. "Once I get my teeth into the place, they won't shake me off." All the same, it must be confessed that Beaver's words awoke a slight feeling of alarm in his heart. A king might arise who knew not Humphrey, and he might go down with the rest.

"We'll put the books on the mantelpiece; I'll have to get a book-shelf to-morrow." Humphrey had brought up a few of his favourites—an odd collection: The Fifth Form at St Dominic's; The Time Machine; An Easy Outline of Evolution; Gulliver's Travels, and Captain Singleton; the poems of Browning and Robert Buchanan, and Carlyle's French Revolution. The pictures they agreed to hang to-morrow. They were only heliogravure prints of the kind that were sold in shilling parts. Watts' "Hope" and "Life and Death," and other popular pictures, together with photographic reproductions of authors, ancient and modern, from The Bookman.