"Do you bet with any of Mr. Sheldrake's friends, Alf?"

"With one--Con Staveley."

Lizzie repeated, under her breath, "Con Staveley!" as if desiring to fix the name in her memory.

"Con gives me long odds--longer than I should be able to get from any other of the commission agents or from any of the clubs. One of these days I shall give him a nip, as sure as fate. He has told me so, often, laughingly. 'You'll nip me one of these fine days, Alf,' he said; and 'I shall have to hand you over a big cheque. Well, you may as well have it as anybody else.' And I mean to have it, Liz. If I don't make it out of the City and Suburban, I'll make it out of the Derby. Would you like to go to the Derby, Liz?

"And so," concluded Alfred, when he came to the end of his story, which he had told and coloured in such a way as to make it appear that it was only by an extraordinary combination of ill-chances that he was not "rolling in money" at the present time, "you see where my chance lies. I shall be sure to come up all right, if I go on. And I must go on, Liz; that's a fact. It's my only chance. And as Mr. Sheldrake can shut me up at any minute, I must be careful not to offend him. I want you to be civil to him, for my sake, if you won't for his own."

"I'll try to, Alf."

"That's a dear! I can't understand why you are so bitter against him. At one time you were always praising him; and you've some reason to be thankful to him. I'm sure he's been, very kind to you and Mr. Musgrave."

"It looks so," said Lizzie thoughtfully, "outwardly."

She said no more; for she was keen enough to see that many conflicting influences were at work. That Alfred was blind to Mr. Sheldrake's character was plain; and, indeed, the feeling she entertained against him was really nothing more than a matter of prejudice. But her instincts were dead against him; and she thoroughly distrusted him. There is often in woman's character a sort of unreasoning reason, to the whisperings of which she tenaciously clings, even though outward evidence almost surely prove it to be based upon false grounds. And in the majority of instances, the instinct which prompts this refusal of direct evidence is correct. Mr. Sheldrake had become Lizzie's Doctor Fell; and she judged him accordingly.

The conversation she had had with Alfred this night set her thinking more seriously. She yearned to set matters right; but turn which way she did, one obstacle started up constantly before her--Mr. Sheldrake. He seemed to hold them all in his power by the relations which existed between him and Alfred. As she thought of the terrible blow he could inflict upon them all, she began to hate him. Alfred was powerless; Lily was powerless; Mr. Musgrave was powerless. Lizzie had a large share of woman's wit and cunning, and much confidence in herself. In her musings now, Mr. Sheldrake presented himself to her in the light of a foe to her dearest hopes, as one who was weaving treacherous webs around her friends; and she found herself watching him, and looking about her for some means to break the threads, and so defeat him. "If I had some one to help me," she thought, "some man to depend upon who is not in Mr. Sheldrake's power. Felix!" She started; for the name had come so suddenly upon her, and with such vivid force, as to make her almost fancy that she had really heard it spoken. Felix! The man of all others whom she would have chosen; the man of all others upon whom she could best depend. The thought of him gave her such hope and comfort, that she kissed Alfred tenderly. He returned her caress, and called her a dear good girl, and told her how he loved her.