His thoughts had passed, or were passing, from Irene Kilnorton to Ora Pinsent; obedient to this guidance Ashley's followed in a parallel track from Alice Muddock to Ora Pinsent.

"They're charming in different ways," said he with a slight laugh. Bowdon shewed no signs of mirth; he was frowning a little and smoked rather fast.

"And men are often great asses," he observed a few moments later. Again Ashley had kept pace, but his face was more doubtful than his companion's and there was hesitation in his voice as he replied,

"Yes, I suppose they are."

This subterranean conversation, shewing above ground only faint indications of what it really meant to each of the talkers, had carried them to the end of the garden. Turning round at the fence, they saw Irene and Alice walking towards them, side by side. Both ladies were well dressed, Irene rather brilliantly, Alice with quiet, subdued good taste; both seemed attractive, Irene for her bright vivacity and merry kindness, Alice for her strength of regard and a fine steady friendliness. A man who was fortunate enough to gain either of them would win a wife of whom he might justly be proud when he talked with the enemy in the gate, and moreover would enjoy an unusually good prospect of being happy in his own house. The man who had won one, and the man who could, if he would, win the other, approached them in a slow leisurely stroll.

"Yes, great asses," repeated Bowdon in a reflective tone.

"I didn't say we weren't," protested Ashley Mead with an irritated laugh.

They would have found a most heartfelt endorsement of the view which they reluctantly adopted, had Sir James Muddock known how small a share of Ashley's visit had been honestly devoted to a consideration of the advantages of a partnership in Muddock and Mead, and how much larger a part had been given to a subject concerning which Sir James could have only one opinion.