I was greatly startled.

"Does your wife know?"

"Of course. But she knows too that nothing but the last extremity would force me to use it: also that my carrying it, and its being noised about that I do so, may prevent my ever having occasion to use it. God grant I never may! Don't let us talk about this."

He stopped, gazing with a sad abstraction down the sunshiny valley—most part of which was already his own property. For whatever capital he could spare from his business he never sunk in speculation, but took a patriarchal pleasure in investing it in land, chiefly for the benefit of his mills and those concerned therein.

"My poor people—they might have known me better! But I suppose one never attains one's desire without its being leavened with some bitterness. If there was one point I was anxious over in my youth, it was to keep up through life a name like the Chevalier Bayard—how folk would smile to hear of a tradesman emulating Bayard—'sans peur et sans reproche!' And so things might be—ought to be. So perhaps they shall be yet, in spite of this calumny."

"How shall you meet it? What shall you do?"

"Nothing. Live it down."

He stood still, looking across the valley to where the frosty line of the hill-tops met the steel-blue, steadfast sky. Yes, I felt sure he WOULD 'live it down.'

We dismissed the subject, and spent an hour more in pleasant chat, about many things. Passing homeward through the beech-wood, where through the bare tree-tops a light snow was beginning to fall, John said, musingly:

"It will be a hard winter—we shall have to help our poor people a great deal. Christmas dinners will be much in request."