There was a moment's silence. Mr. Kessner, with his napkin tucked in underneath his chin, was settling down to his luncheon like a man. Nevertheless, he again glanced searchingly at his neighbour.

'It is hard to see what can be done,' he said calmly. 'I have been in Germany to visit some of my relatives. It is very wonderful to hear them all talk there. There is no pessimism, no doubt whatever, no shadow of misgiving. Germany must win—that is in their hearts. They have not a single doubt. And here in London, whether the people deceive themselves or not, they say the same thing. They go about their business with even more assurance, and they indulge in pleasures far more freely.'

'Which is going to win?' she asked.

'Neither,' he replied. 'Neither has the preponderance of strength to smash the other. It will be a drawn fight. There will be a period of peace, nominal peace. Germany knows now what she has to face—a world in arms against her. When the next time comes, she will be ready.'

'There will be a next time, then?'

'Germany is not yet at the end of her resources,' he assured her. 'There are other ways in which she can make herself felt. But let us leave for a little time these serious subjects. This champagne, I know, my friend Lavendale, is a compliment to me. You English-Americans do not drink champagne in the middle of the day. Believe me, you are wrong. I drink your very good health, Miss de Freyne, and yours, Lavendale. And I drink also,' he added, his eyes lightening a little as he looked across the room, 'the unspoken toast!'

He set his glass down empty.

'There is an unspoken toast close to the heart of all of us, Miss de Freyne,' he remarked, 'one little secret we keep at the back of our thoughts. Now tell me. I sail on Saturday. On Friday night you and our friend Lavendale will give me the honour of your company at dinner, eh? It is arranged. At the Ritz at eight o'clock.'

'You are very kind,' they both murmured

He selected a cigar from a box which had been passed him, and rose a little abruptly.