'Ye mun'na be too hard, Anna,' said Tellwright. 'Supposing ye sold owd Titus up? What then? D'ye reckon ye'd get a tenant for them ramshackle works? A thousand pound spent wouldn't 'tice a tenant. That Edward Street property was one o' ye grandfeyther's specs; 'twere none o' mine. You'd best tak' what ye can get.'

Anna felt a little ashamed of herself, not because of her bad policy, but because she saw that Mr. Price might have been handicapped by the faults of her property.

That afternoon it was a shy and timid Anna who swung back the heavy polished and glazed portals of the Bursley branch of the Birmingham, Sheffield and district Bank, the opulent and spacious erection which stands commandingly at the top of St. Luke's Square. She looked about her, across broad counters, enormous ledgers, and rows of bent heads, and wondered whom she should address. Then a bearded gentleman, who was weighing gold in a balance, caught sight of her: he slid the gold into a drawer, and whisked round the end of the counter with a celerity which was, at any rate, not born of practice, for he, the cashier, had not done such a thing for years.

'Good afternoon, Miss Tellwright.'

'Good afternoon. I——'

'May I trouble you to step into the manager's room?' and he drew her forward, while every clerk's eye watched. Anna tried not to blush, but she could feel the red mounting even to her temples.

'Delightful weather we're having. But of course we've the right to expect it at this time of year.' He opened a door on the glass of which was painted 'Manager,' and bowed. 'Mr. Lovatt—Miss Tellwright.'

Mr. Lovatt greeted his new customer with a formal and rather fatigued politeness, and invited her to sit in a large leather armchair in front of a large table; on this table lay a large open book. Anna had once in her life been to the dentist's; this interview reminded her of that experience.

'Your father told me I might expect you to-day,' said Mr. Lovatt in his high-pitched, perfunctory tones. Richard Lovatt was probably the most influential man in Bursley. Every Saturday morning he irrigated the whole town with fertilising gold. By a single negative he could have ruined scores of upright merchants and manufacturers. He had only to stop a man in the street and murmur, 'By the way, your overdraft——,' in order to spread discord and desolation through a refined and pious home. His estimate of human nature was falsified by no common illusions; he had the impassive and frosty gaze of a criminal judge. Many men deemed they had cause to hate him, but no one did hate him: all recognised that he was set far above hatred.

'Kindly sign your full name here,' he said, pointing to a spot on the large open page of the book, 'and your ordinary signature, which you will attach to cheques, here.'