"A mortgage," the Marquis repeated, as though the idea were a new one to him. "Ah, yes! I must confess, though, that I have the strongest possible objection to mortgages, if they can in any way be dispensed with."

"I suppose that is how you large English landowners generally feel," David remarked tolerantly. "If you would prefer it, I will take your note of hand for the amount of the shares, payable, say, in three months' time."

The Marquis upset the box of cigarettes which he was handling. He was not as a rule a clumsy person, but he felt strongly the need of some extraneous incident. He stood on the hearthrug whilst the servant whom he summoned collected the cigarettes and replaced them in the box. As soon as the door was closed, he turned to his guest.

"Your offer, Mr. Thain," he said, "is a most kindly one. It simplifies the whole matter exceedingly."

"You had better make the usual enquiries concerning the property," the latter advised. "I am afraid you will find it a little difficult over on this side to get exact information, but if you have any friends who understand oil prospecting—"

The Marquis held out his hand.

"It is not an occasion upon which a further opinion is necessary," he declared. "I approve of the locality of the property, and the fact that you yourself are largely interested is sufficient for me."

"Then any time you like to meet me at your lawyer's," David suggested, "I'll hand over the shares and you can sign a note of hand for the amount."

The Marquis considered the matter for a moment, thoughtfully. There was something about the idea of letting Mr. Wadham see him sign a promissory note for forty thousand pounds which occurred to him as somewhat precarious.

"Perhaps you have legal connections of your own here," he ventured. "To tell you the truth, I have been obliged to speak my mind in a very plain manner to my own solicitors. I consider that they mismanaged the Vont case most shamefully. I would really prefer to keep away from them for a time."