“Next year,” pursued Victor, “I shall marry; then I shall go into Parliament, and then I shall go ahead.”

“I didn’t know you were engaged.”

“No, I’m not, but I’m going to be. I can please myself, you see; I’ve got lots of coin.”

“Oh, yes, but can you please the lady?” asked Charlie.

“My dear boy,” began Victor, “when you’ve seen a little more of the world——

“Here we are,” said Charlie. “Why, hullo! Who’s that?”

A dripping head and a blowing mouth were visible in the middle of the Pool.

“Willie Prime by Jove! ‘Morning Willie;” and Charlie set about flinging off his flannels, Victor following his example in a more leisurely fashion.

Willie Prime was a little puzzled to know how he ought to treat Charlie. ‘Charlie’ he had been in very old days—then Master Charlie (that was Willie’s mother’s doing)—then Mr. Charles. But now Willie had set up for himself. He had played billiards with a lord, and football against the Sybarites, and, incidentally, hobnobbed with quite great people. It is not very easy to assert a social position when one has nothing on, and only one’s head out of water, but Willie did it.

“Good-morning—er—Merceron,” said he.