Lloyd stood at the window in the falling twilight and looked out across the snow. It had been an ideal Christmas Day. She could feel the chill of the white winter world outside as she leaned against the frosty pane, but in her scarlet dress, with the holly berries at her belt and in her hair, she looked the embodiment of Christmas warmth and cheer, and as if no cold could touch her.

The candles had not yet been lighted, but the room was filled with the ruddy glow of the big wood fire. It shone warmly on the frames of the portraits and the tall gilded harp with its shining strings, and gave a burnishing touch to Betty's brown hair, as she stood by the piano, fingering for the hundredth time the presents she had received that day. Her dress of soft white wool suggested, like Lloyd's, the Yule-tide season, for in the belt and shoulder-knots of dull green velvet were caught clusters of mistletoe, the tiny waxen berries gleaming like pearls.

"Everything is so lovely!" she sighed, happily, picking up her camera to admire it once more. It was her godmother's gift, and the thing she had most longed to own.

She focussed it on Lloyd, who, in her scarlet dress, stood vividly outlined by the firelight against the curtains. "I took three pictures this morning while Rob was here, all snow scenes. The house, the locust avenue, and a group of little darkies running after your grandfather, calling out, 'Chris'mus gif', Colonel!' I think I'd better carry my things all up to my room," she added, presently. "There'll be so many people here soon, and so much moving around when the hunt begins, that they'll be in the way."

"You'll need a wheelbarrow to take them in," answered Lloyd, turning from the window to watch her gather them up. "You'd bettah call Walkah to help you."

"Santa Claus certainly was good to me," answered Betty, picking up Mr. Sherman's gift, a beautiful mother-of-pearl opera-glass. It was like the one he had given Lloyd, except for the difference in monograms. She rubbed it lovingly with her handkerchief, and laid it beside the camera to be carried up-stairs. There were books from the old Colonel, an ivory photograph-frame exquisitely carved from Lloyd. Dozens of little articles from the girls at school, and remembrances from nearly every friend in the Valley. There was more than her arms could hold, and, bringing a large tray from the dining-room, she made two trips up and down stairs with it before her treasures were all lodged safely in her room.

Left alone for the first time that busy day, Lloyd stood a moment longer peering out into the snowy twilight, and then crossed the room to the table where her gifts were spread out. There had never been so many for her since her days of dolls and dishes and woolly lambs. The opera-glasses like Betty's were what she had wished for all year. The purse her grandfather had slipped into the toe of her stocking was the prettiest little affair of gray suède and silver she had ever seen. She had thought of a dozen delightful ways to spend the gold eagle which it held.

The book-rack which Betty had burnt for her, with her initials on each end, was already nearly filled with the books that different friends had sent her. Rob's gift had been a book. So had Miss Allison's and Mrs. MacIntyre's and the old family doctor's. Malcolm had sent a great bunch of American Beauties. She drew the vase toward her and buried her face a moment in the delicious fragrance. Then she nibbled a caramel from Keith's box of candy. The rosebud sachet-bag which Gay made lay in the box of handkerchiefs that good old Mom Beck had given her.

She patted the thick letter from Joyce that told so much of interest about Ware's Wigwam. She intended to have the water-colour sketch of Squaw's Peak framed to take back to school with her. Mary's fat little fingers had braided the Indian basket which came with Joyce's picture, and Jack himself had killed the wildcat, whose skin he sent to make a rug for her room. Lloyd was proud of that skin. As she stood smoothing the tawny fur, the diamond on her finger flashed like fire, and she stood turning her hand this way and that, that the glow of the flames might fall on her new ring.

It was a beautifully cut stone in an old-fashioned setting, with the word "Amanthis" engraved inside; but not for a fortune would Lloyd have had the little circlet changed to a modern setting. For just so had it been slipped on her grandmother's finger at her fifteenth Christmas. She had worn it until her daughter's fifteenth Christmas, and now she, in turn, had given it to Lloyd. All day it had been a constant joy to her. Aside from the pleasure of possessing such a beautiful ring, she had a feeling that in its flashing heart was crystallized a triple happiness,—the joy of three Christmas days: hers, her mother's, and the beautiful young girl with the June rose in her hair, who smiled down at her from the portrait over the mantel.