'You have altered your mind, I suppose, and have come to say you will make one of the party,' he said lightly, evading the keen survey of the other's eyes by turning away and busying himself at his writing-table.

'No,' replied Oswald. 'You know that I must start again this afternoon. You may not have returned when I leave, so I wished to say good-bye to you now.'

'Must it be said in private?'

'Yes; for there is something else of importance I would speak of. You used not of old to avoid me so persistently, Edmund. I tried in vain to get hold of you yesterday evening. You were so completely taken up with your guests, and you seemed so excited, I had to give up all hope of finding a hearing, or of discussing with you any matters of business.'

'Matters of business? Ah, you mean that affair of the steward. Have you been so good as to speak to him for me?'

'I was compelled to do so, seeing that, in spite of my remonstrances, you would not stir a step. It all turned out precisely as I feared. When the man discovered that I was acquainted with the whole transaction, he desisted from lying. I gave him the choice of leaving Ettersberg this very day, or of submitting to a thorough investigation before a court of law. He naturally preferred the first alternative. Here is the document which empowered him to act in your name. He handed it over to me, but you will do well to have it properly cancelled. The intending purchaser has had notice already. I took down his address, thinking it might prove useful, and I have telegraphed to him that the sale of timber will not take place, that all authority is withdrawn from your agent, who had treated without your knowledge or consent. So this time the loss has been averted.'

He made this statement in a quiet, business-like tone, laying no stress on his own services, or on the diligent zeal which had brought about this happy result.

Edmund must, however, have felt how much he owed to his cousin's wise and thoughtful action. Perhaps the sense of obligation weighed upon him, for his answer was very brief.

'I am really most grateful to you. I knew you would understand these things far better than I, and would act more energetically.'

'In this instance it was for you to act,' said Oswald reproachfully. 'I allowed the steward to believe that at present I alone had cognizance of the intended fraud, that I called him to account on my own responsibility, and that I should not make any communication to you until he had taken his departure to-day--otherwise he would have thought it extraordinary that you should hold aloof from an affair which, after all, concerns yourself alone.'