Merrill shook his head as he resumed his place at his desk.

'It's just a phase,' he declared. 'Look in and see me again, Ambrose, when you're feeling a little more cheerful.' ...

Lavendale made a call in the Strand and passed along that crowded, illuminative thoroughfare towards the Milan. Everywhere the faces of the passers-by seemed indicative of some new apprehension. He bought an early paper, but there was no word in it of any change in the situation. On any printed presentation of the rumours which were on every one's tongue, the censor had set his foot.

Lavendale called in at the bar at the Milan for a few minutes. The same feeling was there even more in evidence.

'What's it all mean?' he asked an American pressman whom he knew slightly.

The newspaper man nodded sagely.

'Guess the cat's out of the bag now,' he opined. 'Russia has asked for peace and she is going to have it on generous terms. They say that negotiations are going on right here, under the Britisher's very nose. Things'll be pretty lively here soon.'

Lavendale took his place in the luncheon-room, a few minutes later. As usual he glanced expectantly towards the corner which Suzanne de Freyne frequently occupied. There were no signs of her to-day, however. He gave his order and leaned back in his place. Then some fancy impelled him to glance towards the glass entrance doors on his left. He sprang at once to his feet. Suzanne, her face whiter than ever, a queer, furtive gleam in her dark eyes, was looking eagerly into the room. She saw him almost at the same moment and hurried in.

'Suzanne!' he exclaimed. 'What luck! You are going to lunch with me, of course?'

A maître d'hôtel was holding the vacant chair at his table. With a little sigh she relapsed into it. She was plainly dressed and had the appearance of having newly arrived from a journey.