"I believe the whole dreadful story that Donna Dolores told me," said she, "how he married the woman who personated his sister, and all that—the deceitful wretch."

"I've got that letter here," continued Mr. Pilcher, drawing from his pocket a folded piece of letter paper. "It's a curiosity. If you'd like to see the documentary evidence of your friend's guilelessness, here it is," he added, turning to Miss Ringround.

Miss Rosey took the paper defiantly, and unfolded it, as the others gathered round her, Mr. Dumphy availing himself of that opportunity to lean familiarly over the arm of her chair. The letter was written with that timid, uncertain ink, peculiar to the illiterate effort, and suggestive of an occasional sucking of the pen in intervals of abstraction or difficult composition. Saving that characteristic, it is reproduced literally below:—

"1, Hoss Gulch, Argus the 10th.

"Dear Sir,—On acount of thar heving ben bad Luck in the Leed witch has droped, I rite thes few lins hopping you air Well. I have to say we are disapinted in the Leed, it is not wut we thought it was witch is wy I rite thes few lins. now sir purheps you ixpict me to go on with our contrak, and furniss you with 100 shars at 1 Thousin dolls pur shar. It issint wuth no 1 Thousin dols pur shar, far frummit. No sir, it issint, witch is wy I rite you thes few lins, and it Woddent be Rite nor squar for me to tak it. This is to let you off Mister Dyce, and hopin it ant no trubbil to ye, fur I shuddint sell atal things lookin this bad it not bein rite nor squar, and hevin' tor up the contrak atween you and me. So no more at pressen from yours respectfuly. G. Conroy.

"P.S.—You might mind my sayin to you about my sister witch is loss sens 1849. If you happind to com acrost any Traks of hers, me bein' away, you can send the sam to me in Care of Wels Farko & Co., New York Citty, witch is a grate favor and will be pade sure. G. C."

"I don't care what you say, that's an honest letter," said Miss Rosey, with a certain decision of character new to the experience of her friends, "as honest and simple as ever was written. You can bet your pile on that."

No one spoke, but the smile of patronising superiority and chivalrous toleration was exchanged by all the gentlemen except Poinsett. Mr. Dumphy added to his smile his short characteristic bark. At the reference to the writer's sister, Mrs. Sepulvida shrugged her pretty shoulders and looked doubtingly at Poinsett. But to her great astonishment that gentleman reached across the table, took the letter, and having glanced over it, said positively, "You are right, Miss Rosey, it is genuine."

It was characteristic of Poinsett's inconsistency that this statement was as sincere as his previous assent to the popular suspicion. When he took the letter in his hand, he at once detected the evident sincerity of its writer, and as quickly recognised the quaint honesty and simple nature of the man he had known. It was Gabriel Conroy, all over. More than that, he even recalled an odd memory of Grace in this frank directness and utter unselfishness of the brother who so plainly had never forgotten her. That all this might be even reconcilable with the fact of his marriage to the woman who had personated the sister, Arthur easily comprehended. But that it was his own duty, after he had impugned Gabriel's character, to make any personal effort to clear it, was not so plain. Nevertheless, he did not answer Mrs. Sepulvida's look, but walked gravely to the window, and looked out upon the sea, Mr. Dumphy, who, with the instincts of jealousy, saw in Poinsett's remark only a desire to ingratiate himself with Miss Rosey, was quick to follow his lead.

"It's a clear case of quien sabe anyway," he said to the young lady, "and maybe you're right. Joe, pass the champagne."

Dyce and Pilcher looked up inquiringly at their leader, who glanced meaningly towards the open-mouthed Mr. Raynor, whose astonishment at this sudden change in public sentiment was unbounded.

"But look here," said that gentleman, "bless my soul! if this letter is genuine, your friends here—these gentlemen—have lost a hundred thousand dollars! Don't you see? If this news is true, and this man's information is correct, the stock really isn't worth"——