"Are you sure that the ghost will walk every week with this Fostelle company, if you strike bad business for a month or so?" asked Mrs. Loraine, with a suggestion of anxiety in her voice.

"I think Zeke Kilburn is all right," the dramatic author responded; "he made a pile of money last year on that imported melodrama, the 'Doctor's Daughter'; and, besides, he has a backer."

Mrs. Loraine laughed gently, showing her beautifully regular teeth. She was still a handsome woman, with a fine figure and a crown of silver hair.

"A backer?" she rejoined; "but who backs the backer? I've heard your friend, Mr. Brackett, there, say that a jay and his money are soon parted."

Carpenter answered her earnestly. "I really think Kilburn is pretty solid, but I suppose that a great deal does depend on the way that the play draws. They've got open time here in New York, and if 'Touch and Go' catches on they can stay here till Christmas. So it comes down to this, that if our piece is a go the ghost will walk regularly."

"I hope it will make a hit," Mrs. Loraine answered, "for your sake, too. You haven't sold it outright, have you?"

"No, indeed," the young dramatist replied. "Harry Brackett is too old in the business for that. We've got a nightly royalty, with a percentage on the gross whenever it plays to more than four thousand dollars a week. We stand to make a lot of money—if it makes a hit. What do you think of its chances, Mrs. Loraine?"

"The first act is all right," she responded. "That's the most I can say now. But come and ask me after I've seen the third act and I'll tell you what I think, and I believe I can then prophesy its fate pretty well."

By this time the scene of the second act had been set. It represented a stone summer-house on the top of a hill overlooking the Hudson just below West Point. It was picturesque in itself, and it was ingeniously arranged to provide opportunities for effective stage business.

Carpenter accompanied Miss Marvin back to the stage when the time drew nigh for the second act to begin.