Alaric's first emotion was one of anger at the whole Scott tribe, and his first resolve was to go down to Strathbogy and beat that inanimate fool, Captain Val, on his own ground; but he was not long in reflecting that, under his present circumstances, it would be madness in him to bring his name prominently forward in any quarrel with the Scott family. This disappointment he might at any rate bear; it would be well for him if this were all. He put the paper down with an affected air of easy composure, and walked home through the glaring gas-lights, still trying to think—still trying, but in vain, to come to some definite resolve.

And then on the following morning he went off to call on Mrs. Val. He had as yet told Gertrude nothing. When she asked him what made him start so early, he merely replied that he had business to do on his road. As he went, he had considerable doubt whether or no it would be better for him to break his word to Mrs. Val, and not go near her at all. In such event he might be sure that she would at once go to work and do her worst; but, nevertheless, he would gain a day, or probably two, and one or two days might do all that he required; whereas he could not see Mrs. Val without giving her some explanation, which if false would be discovered to be false, and if true would be self-condemnatory. He again, however, failed to decide, and at last knocked at Mrs. Val's door merely because he found himself there.

He was shown up into the drawing-room, and found, of course, Mrs. Val seated on a sofa; and he also found, which was not at all of course, Captain Val, on a chair on one side of the table, and M. Victoire Jaquêtanàpe on the other. Mrs. Val shook hands with him much in her usual way, but still with an air of importance in her face; the Frenchman was delighted to see M. Tudere, and the Honourable Val got up from his chair, said 'How do?' and then sat down again.

'I requested you to call, Mr. Tudor,' said Mrs. Val, opening her tale in a most ceremonious manner, 'because we all think it necessary to know somewhat more than has yet been told to us of the manner in which my daughter's money has been invested.'

Captain Val wiped his moustache with the middle finger of his right hand, by way of saying that he quite assented to his wife's proposition; and Victoire remarked that 'Madame was a leetle anxious, just a leetle anxious; not that anything could be wrong with M. Tudere, but because she was one excellent mamma.'

'I thought you knew, Mrs. Scott,' said Alaric, 'that your daughter's money is in the funds.'

'Then I may understand clearly that none of the amount so invested has been sold out or otherwise appropriated by you.' said Mrs. Val.

'Will you allow me to inquire what has given rise to these questions just at the present moment?' asked Alaric.

'Yes, certainly,' said Mrs. Val; 'rumours have reached my husband—rumours which, I am happy to say, I do not believe—that my daughter's money has been used for purposes of speculation.' Whereupon Captain Val again wiped his upper lip, but did not find it necessary to speak.

'May I venture to ask Captain Scott from what source such rumours have reached him!'