The use of the conventional phrases of welcome helped him to emerge somewhat from his state of apathy. Davenant declined the cigar, but seated himself near the desk, in one of the round-backed office chairs. Not being a man easily embarrassed by silences, he did not begin to speak at once, and during the minute his hesitation lasted Guion bethought him of Olivia's remark, "That sort of Saxon-giant type is always good-looking." Davenant was good-looking, in a clear-skinned, clear-eyed way. Everything about him spoke of straight-forwardness and strength, tempered perhaps by the boyish quality inseparable from fair hair, a clean, healthily ruddy complexion, and a direct blue glance that rested on men and things with a kind of pensive wondering. All the same, the heavy-browed face on a big, tense neck had a frowning, perhaps a lowering expression that reminded Guion of a young bull before he begins to charge. The lips beneath the fair mustache might be too tightly and too severely compressed, but the smile into which they broke over regular white teeth was the franker and the more engaging because of the unexpected light. If there was any physical awkwardness about him, it was in the management of his long legs; but that difficulty was overcome by his simplicity. It was characteristic of Guion to notice, even at such a time as this, that Davenant was carefully and correctly dressed, like a man respectful of social usages.

"I came in to see you, Mr. Guion," he began, apparently with some hesitation, "about what we were talking of last night."

Guion pulled himself together. His handsome eyebrows arched themselves, and he half smiled.

"Last night? What were we talking of?"

"We weren't talking of it, exactly. You only told us."

"Only told you—what?" The necessity to do a little fencing brought some of his old powers into play.

"That you wanted to borrow half a million dollars. I've come in to—to lend you that sum—if you'll take it."

For a few seconds Guion sat rigidly still, looking at this man. The import and bearing of the words were too much for him to grasp at once. All his mind was prepared to deal with on the spur of the moment was the fact of this offer, ignoring its application and its consequences as things which for the moment lay outside his range of thought.

As far as he was able to reflect, it was to assume that there was more here than met the eye. Davenant was too practised as a player of "the game" to pay a big price for a broken potsherd, unless he was tolerably sure in advance that within the potsherd or under it there lay more than its value. It was not easy to surmise the form of the treasure nor the spot where it was hidden, but that it was there—in kind satisfactory to Davenant himself—Guion had no doubt. It was his part, therefore, to be astute and wary, not to lose the chance of selling, and yet not to allow himself to be overreached. If Davenant was playing a deep game, he must play a deeper. He was sorry his head ached and that he felt in such poor trim for making the effort. "I must look sharp," he said to himself; "and yet I must be square and courteous. That's the line for me to take." He tried to get some inspiration for the spurt in telling himself that in spite of everything he was still a man of business. When at last he began to speak, it was with something of the feeling of the broken-down prize-fighter dragging himself bleeding and breathless into the ring for the last round with a young and still unspent opponent.

"I didn't suppose you were in—in a position—to do that."