"Cunning!" Letitia retorted.

The Duchess twirled the sprig of lavender between her fingers. She could not remember ever to have heard her niece so much in earnest.

"Well, I hope you don't feel too strongly about him," she said. "I must have him asked to dinner while I am here."

"We have anticipated your wishes," Letitia remarked. "He is coming to-night."

"I am very glad to hear it," was the satisfied reply. "I shall do my best to persuade him to come up to Scotland later on. There is nothing that Henry enjoys more than a little flutter in American railways. Perhaps he will help us to make some money."

"Personally," Letitia said slowly, "I should be very careful how I trusted Mr. Thain."

The Duchess was shocked.

"You carry your aversions too far, my dear," she remonstrated.

"Perhaps, I only know that he sold father a lot of shares which it is my profound conviction are entirely worthless."

"Sold your father shares?" the Duchess repeated. "I don't understand. How on earth could Reginald pay for any shares!"