The door-mat boy lingered, secure in his power to account for his long absence by means of his well-trained nose, and his waiting was rewarded. He went down a few steps, round the bend of the stairs, and heard the voice of Mr. U. W. Ugli, so well known on that staircase (and on the Stock Exchange) say in soft, cautious accents:

"Then I'll ask him to let me look at the ring and I'll drop it. You pick it up. But remember, it's a pure accident, and you don't know me. I can't have my name mixed up in a thing like this. You're sure he's really unhinged?"

"Quite," said Gerald; "he's quite mad about that ring. He'll follow it anywhere. I know he will. And think of his sorrowing relations."

"I do I do," said Mr. Ugli kindly; "that's all I do think of, of course."

He went up the stairs to the other office, and Gerald heard the voice of That telling his clerks that he was going out to lunch. Then the horrible Ugly-Wugly and Jimmy, hardly less horrible in the eyes of Gerald, passed down the stairs where, in the dusk of the lower landing, two boys were making themselves as undistinguishable as possible, and so out into the street, talking of stocks and shares, bears and bulls. The two boys followed.

"I say," the door-mat-headed boy whispered admiringly, "whatever are you up to?"

"You'll see," said Gerald recklessly. "Come on!"

"You tell me. I must be getting back."

"Well, I'll tell you, but you won't believe me. That old gentleman's not really old at all he's my young brother suddenly turned into what you see. The other's not real at all. He's only just old clothes and nothing inside."

"He looks it, I must say," the boy admitted; "but I say you do stick it on, don't you?"