'Now is the time to mould her,' she said to Mrs. Bonfill. 'It would not perhaps be so easy presently.'

Mrs. Bonfill knew what 'presently' meant, and thought that her friend was probably right.

'But once we imbue her with our feeling about things, she will keep it. At present she is receptive.'

'I think she is,' agreed Mrs. Bonfill, who had just an occasional pang of pity for Trix's extreme receptivity and the ample advantage taken of it.

Trix had received a brief note from Fricker, saying that he was doing his best to carry out her instructions, and hoped to be able to arrange matters satisfactorily, although he must obviously be hampered in some degree by the peremptory nature of her request. Trix hardly saw why this was obvious, but, if obvious, at any rate it was also quite inevitable. She certainly did not realise what an excellent excuse she had equipped Mr. Fricker with if he sold her shares at a loss. But apparently he had not sold them, at least no news came to that effect; hope that he was waiting to effect a great coup still shot in one encouraging streak across the deadly weariness of being imbued with the Barmouth feeling about things. Not once a day, but once every hour at least, did she recall that unregenerate impulse of Lady Blixworth's, confessed to at this very Barslett, and accord it her heartiest sympathy.

'But I will stick to it,' she said to herself grimly. Her pluck was in arms; her time would come; for the present all hung on Fricker.

It was a beautiful July evening when his letter came. Trix had just escaped from a long talk with Mervyn. He had been rather more affectionate, rather less didactic than usual; something analogous to what the law calls a Statute of Limitations seemed gradually to be coming into his mind as within the sphere of practical domestic politics; not an amnesty, that was going too far, but the possibility of saying no more about it some day. Trix was hopeful as she wandered into the garden, and, sitting down by the fountain, let the gentle breeze blow on her face. It comforted her still to look at the façade and the gardens; she got from the contemplation of them much the same quality of pleasure as Airey Newton drew from the sight of his safe and his red-leather book.

A footman brought her two letters. One was from Peggy Ryle, a rigmarole of friendly gossip, ending with, 'We're all having a splendid time, and we all hope you are too. Everybody sent their love to you last night at supper.' With a wistful smile Trix laid this letter down. What different meanings that word 'splendid' may bear, to be sure!

The other letter—it was from Fricker! Fricker at last! A hasty glance round preceded the opening of it. It was rather long. She read and re-read, passing her hand across her brow; indeed she could hardly understand it, though Fricker was credited by his friends with an unrivalled power of conveying his meaning with precision and nicety. He had tried to obey her instructions. Unfortunately there had been no market. Perforce he had waited. He had been puzzled, had Fricker, and waited to make inquiries. Alas! the explanation had not been long in coming. First, the lode had suddenly narrowed. On the top of this calamity had come a fire in the mine, and much damage to the property. The directors had considered whether it would not be wise to suspend operations altogether, but had in the end resolved to go on. Mr. Fricker doubted their wisdom, but there it was. The decision entailed a call of five shillings per share—of course Mrs. Trevalla would remember that the shares were only five shillings paid. The directors hoped that further calls would not be necessary; here Fricker was sadly sceptical again. Meanwhile, there was no chance of selling; to be plain, Glowing Star shares would not just now be a welcome gift to anyone, let alone an eligible purchase. So, since sale was impossible, payment of the call was inevitable. Then came the end. 'Of course, mines are not Consols; nobody knows that better than yourself. I regret the unlucky issue of this venture. I cannot help thinking that things would have gone better if we had been in closer touch, and I had enjoyed more ready access to you. But I was forced to doubt my welcome, and so was, perhaps, led into not keeping you as thoroughly au fait with what was going on as I should have liked. I cannot blame myself for this, however much I regret it. I gather that you do not intend to undertake any further operations, or I would console yourself and myself by saying "Better luck next time!" As matters stand (I refer, of course, to your last letter to me), I can only again express my regret that Glowing Stars have been subject to such bad luck, and that I find myself, thanks to your own desire, not in a position to help you to recoup your losses.' A postscript added, 'For your convenience I may remind you that your present holding is four thousand shares.'

The last part of the letter was easier to understand than the first. It needed no re-reading. 'You've chosen to drop me. Shift for yourself, and pay your own shot.' That was what Mr. Fricker said when it was translated into the terse brevity of a vulgar directness. The man's cold relentlessness spoke in every word. Not only Beaufort Chance, not only the Barmouths and Mrs. Bonfill, not only Mortimer Mervyn, had lessons to teach and scourges wherewith to enforce them. Fricker had his lesson to give and his scourge to brandish too.