T was perhaps lucky as regards the future of Madge and her husband that this debacle had taken place so near to the end of the season. Many people, indeed, had waited in London only for the marriage, for the season was already over, and for the last three days there had been nothing but this to detain them. Genuine sympathy was at first felt for Philip, but it very soon was known that he was at his office again every day and all day, worked just as hard if not harder than usual, and was supposed, by way of signalising his own disappointment, to have made some great coup over a South African company, thereby inflicting a quantity of very smart disappointments on the gentlemen of the Stock Exchange. He had dealt these blows out with an impartial hand; first there had been some staggering smacks which had sent the bulls flying like ninepins, while the bears stood round and grinned, and profited by the experience of their fraternal enemies. Then Philip, it seemed, had seen them grinning, and had done the same for them.

In other words, things had come off in exactly the way he had anticipated. The knowledge that he had bought a very large option had induced many operators less substantial than he to buy also, and the sudden news that he had received a detailed report from the spot, and had subsequently not exercised his option, landed many of these buyers in awkward places. Then, as was natural, the bears saw their opportunity, sold largely, on the strength of the inference that Philip’s report was highly unfavourable, bringing prices down with a run. Then, with the same suddenness with which he had decided not to take up his option, he bought at this very much lower price a vastly increased number of shares, and within a week of the original slump Metiekull was considerably higher than it had ever been. The £7,000 he had forfeited over not taking up his option was but a bagatelle to his subsequent gains, and the market generally at this conclusion remarked, among other things not worth repeating, that there was a good deal to be said in favour of long spoons; while that not inconsiderable part of more westerly London which is always burning its fingers in this City fire of the Stock Exchange, said with a somewhat cynical smile that since Philip could still hit so hard, he had not, perhaps, been so hard hit himself. Perhaps, in fact, Madge had not made such a very terrible mistake, after all, for Mr. Dundas was undeniably the most fascinating person, whereas Philip, so it appeared, did not let the most dreadful affair of the heart interfere in the slightest with the stuffing of the money-box.

But in this they utterly mistook him, for this steady, concentrated application to work was, perhaps, the only thing in the world which could have prevented him breaking down or losing his mental balance altogether. Even as it was, it partook only, as far as he could see, of the nature of a temporary alleviation, for in the very nature of things he could not go on working like this indefinitely. And what would happen to him when he relaxed he could not imagine, he only knew that the hours when he was not at the office were like some nightmare repeated and again repeated. Nor did they lose, at present, the slightest edge of the intensity of their horror. This week was as bad as last week; last week was no better than the week before, all through this hot August when he remained in town, not leaving it even for his usual week end on the river, but seeing its pavements grow hotter and dustier and emptier as more and more of its toiling crowds escaped for a week or two to the sands or the moors.

The worst time of all was the early morning, for though he usually went to sleep from sheer weariness when he went to bed, he began to wake early, while still Jermyn Street was dusky and dewy, and as yet the sparrows in the plane trees opposite his window had not begun to tune up for the day. Morning by morning he would watch “the casement slowly grow a glimmering square,” or if it was, as often, absolutely unbearable to lie in bed, he would get up and go into his sitting-room, where the wan light but brought back to him the dreadful hours he had passed there the evening before. The glass from which he had drunk stood on the little table by the sofa, and by it lay the unread evening paper. The beloved Reynolds prints, Mrs. Carnac, Lady Halliday, Lady Stanhope, Lady Crosbie, all first impressions, smiled meaninglessly on the wall, for all the things he had loved and studied had lost their beauty, and were blackened like dahlias in the first autumn frosts. Sometimes a piece of music stood on the piano, from which he had played a bar or two the night before, but had then stopped, for it, too, conveyed nothing to him; it was but a jangle of senseless chords. Sometimes in these dreadful morning hours he would doze a little on the sofa, but not often; and once he had poured out into the glass a stiff dose of whisky, feeling that even an alcohol-purchased oblivion would be better than more of this wakefulness. But he had the sense left not to take to that; if he did that to-day he would do it to-morrow, and if he admitted the legitimacy of such relief, he knew he would find less and less reason every day for not letting himself sink in that slough. Besides, he had to keep himself clear-headed and alert for the work of the day.

Two passions, to analyse a little further, except when he was at work, entirely possessed him, one his passion for Madge, of which not one jot, in spite of what had happened, was abated. It was not, nor ever had been, of the feverish or demonstrative sort, it did not flicker or flare, it burned steadily with a flame that was as essential a part of his life as breathing or the heart-beat. And the other, existing strangely and coincidently with it, was the passion of hate—hatred for her, hatred for Evelyn, a red flame which shed its light on all else, so that in the glare of it he hated the whole world. Two people only stood outside of it—his mother and Tom Merivale; for these he did not feel hate, but he no longer felt love; he was incapable of feeling that any longer except for Madge. But he did not object to them, he thought of them without resentment, but that was all.

Then, as his nerves began to suffer under this daily torture, the hours of enforced idleness became full of alarm. What he feared he did not know, he only knew that he was apprehensive of some further blow that might be dealt him from a quarter as unexpected as that from which this had come. Everything had been so utterly serene when this bolt from the blue struck him, he could not have conjectured it; and now he could not conjecture what he expected next.

But all this London did not know: it only knew that this very keen man of business was as acute as ever, to judge by the Metiekull episode, and began to reason that since he was so callous to what had happened, Madge had really not behaved so outrageously as had been supposed. She had found—this was the more human and kindly view induced by the cessation of the late London hours, and the substitution of a great deal of open air for the stifling ballroom of town—she had found that she really was in love with Mr. Dundas, and that Philip on closer acquaintance was what he had proved himself to be, business man first, lover afterwards. And really Mr. Dundas’s pictures this year had been stupefyingly clever. They made one just gasp. Surely it would be silly to get somebody else to “do” one instead of him, just because Madge had found out her mistake in time, and he had assisted at the correction of it. He was certain to have heaps of orders in any case, so it would be just as well to be painted by him as soon as possible. Of course that implied that one accepted his marriage in a sort of way, but, after all, why not? Besides—here the world’s tongue just tended to approach the cheek—it would be a kindness to old Lady Ellington to smooth things over as much as possible, and that dear little thing, Gladys, whom everybody liked so much, would be so pleased to find that Madge was not hardly thought of. Yes, quite so, and has the dressing-gong sounded already? And Tom killed a stag, and they had a good day among the grouse, and Jack killed a salmon, so there will be fish for dinner. What a blessing!

One of these mornings which saw Philip in the gloaming of dawn hearing the sparrows beginning their chirruping in the plane-trees, saw Tom Merivale also, not only hearing but listening to the twitter of half-awakened birds in his garden. He had slept in the hammock slung in the pergola, and after the coolness of the clear night following on the intense heat of the day before, the dew had been heavy. His blanket was shimmering with the seed-pearls of the moisture, his hair also was wet with it, and on the brick of the pergola path it lay like the condensation of the breath of the spirit of woodland itself. The cleanness and purity of this hour of dawn was a thing that every morning more astounded him. Whether a clear and dove-coloured sky brooded as now overhead, or whether morning came wrapped in rain-clouds, it always brought to one who slept with the sky for a roof a sense of renewal and freshness which it was impossible to get used to. Everything was rested and cleaned, ready to begin again on the hundred joyful businesses of day.

Just as a stone falling through the air moves with a speed that is accelerated each moment by double the acceleration of the last, so Merivale felt that every day his communion with and absorption in Nature made progress out of all proportion to what he had achieved before. It was so few months ago that he had himself wondered at the mysterious and silent telepathy that ran through all Nature, the telepathy that warns birds and beasts of coming storm, that makes the bats wake and begin their eerie flittings even at the hour when sunset is brightest, knowing that the darkness is imminent, that connects man, too, as he had proved, if man only will be quiet and simple instead of fretful and complicated, with birds and beasts, so that they know he is their brother and will come to his silent call to them. But of late that had become such a commonplace to him that he only wondered how it could ever have been otherwise than obvious. He remembered, too, how so few weeks ago he had for the first time heard the sound of the glass flute in the woods above Philip’s house at Pangbourne, but now not a day passed, often not an hour, in which that unending melody, the eternal and joyful hymn of Nature and of life, was not audible to him. Whether what he heard was really a phenomenon external to himself or only the internal expression, so to speak, of those thoughts which filled his entire consciousness, both waking and sleeping, he did not care to ask himself, for it did not in the least seem to him to matter. Wherever that melody came from, whether it was born in his own brain and telegraphed from there to his ears, or whether it was really some actual setting of the joy of life to song, external to him, and heard just as a railway whistle or the bleat of a sheep is heard and conveyed from his ears to his brain, he did not even wish to know, for wherever coined, it was of royal minting, the secret and the voice of Life itself was there.

The woods of Pangbourne—Philip. He had heard from Mrs. Home of the catastrophe, and in answer to a further letter of his he had learned that Philip remained in London slaving all day at the office, seeing no one but his clerks, silent, alone, giving no sign even to her. This letter had come only last night, and ended with an imploring cry that if Tom thought he could help him in any way, his mother besought him to do what he could. Philip had been down to see her once only, immediately after his engagement was broken off, and he had been utterly unlike himself—hard, terrible, unforgiving. Could Merivale not do something? Philip had never had but four friends in the world, two of these had turned enemies (Mrs. Home had crossed out in a thin, neat line the last two words and substituted “ceased to be friends”), and there were left only himself and she. And she had tried, and could do nothing.