It was so safe. It was no bogus concern. It had been worked for a long time, and now they had 'struck oil.' And here was the average: four and a half ounces to the ton; and everyone knew that half an ounce paid. Then scraps of paper would be produced, and rapid memoranda made, and eager faces flushed with excitement at the splendid percentage. It was while the results were at their best on paper that Mr. Tareling sold out nearly all the shares he held. A week afterwards they were not worth a withered fig.

Then ugly rumours began to circulate. When people are aching with the loss of money, slander seems to be a balm to the wounded spirit. The mine had been salted; a false balance-sheet had been drawn up; a clandestine lump of gold had been dropped into the smelting-pot. How was it, too, that the intimes of the directors had sold out rump and stump? Mr. Tareling was one of these; but, like Pilate, he washed his hands in public. He still had all the shares that he originally held; the fact being that the bulk had been bought with his wife's money and in her name. He was supported in his innocence by Ozias, the son of Lazarus, popularly surnamed Judas. This man wrote to the press bearing testimony to the childlike faith which the Hon. Talbot Tareling still put in the Celestial Hill gold-mine. On which some people arched their eyebrows, and prophesied that if this scion of an ancient family had recourse to many more testimonials of this kind, his business career in Melbourne would soon be blocked. Naturally all this duplicity rendered Mr. Tareling still more wary. He upheld the practice of finding out whether a mine really existed before investing in it. Such a plan, as some of the brokers remarked, would upset any system of mining that had yet been in vogue.

Laurette, in the meantime, found the present in many respects the most beatific season she had ever passed in Melbourne. Her growing intimacy with the viceregal family more than realized her most ardent expectations. She was fast rising to that social eminence in which her dresses, opinions, and parties would form topics of eager interest among women who a short time previously had barely acknowledged her as an equal. If it were not for increasing money difficulties, her enjoyment would have been almost without alloy. But Ted's presence gave her a feeling of security. She vaguely felt that in some way she would turn it to account.

She went with him to the theatre on the evening that followed his arrival, and Stella anticipated the pleasure of a long tête-à-tête with Cuthbert, who arrived that afternoon from Tasmania. Alas! it was not an unmixed happiness. What her soul feared had come to pass.

After the first greetings and inquiries were over, Stella fixed her eyes on her brother's face in an inquiring way.

'Cuthbert, you look very radiant. Has anything happened? But no—you came to me the first evening. I am still—— Oh, heavens! you are colouring up to the roots of your hair!'

'But, Stella dear, you misrepresent yourself. You know that you would be the first to congratulate me—to be glad with my gladness.'

'Now you are breaking it to me gently—Nebuchadnezzar, King of the Jews! Yes, I can bear it all. Is it the Rev. S. Carter's daughter?'

'You are a little witch! You pretended to tremble about these daughters before I ever thought anything about Dora, except what a charming girl she is.'

'As if that were not the Alpha and Omega of the infatuation that precedes marriage.'