What followed came about quite naturally. For several years he had been cashier in a well-known banking-house. When the note he had given his friend became due it was obviously necessary to pay it and he used the firm’s money for the purpose. To repay the money thus taken, he increased his debt to his employers and bought more stocks; and on these operations he made a profit of ten thousand dollars. Miss Talcott rode in the Park, and he bought a smart hack for seven hundred, paid off his tradesmen, and went on speculating with the remainder of his profits. He made a little more, but failed to take advantage of the market and lost all that he had staked, including the amount taken from the firm. He increased his over-draft by another ten thousand and lost that; he over-drew a farther sum and lost again. Suddenly he woke to the fact that he owed his employers fifty thousand dollars and that the partners were to make their semi-annual inspection in two days. He realized then that within forty-eight hours what he had called borrowing would become theft.

There was no time to be lost: he must clear out and start life over again somewhere else. The day that he reached this decision he was to have met Miss Talcott at dinner. He went to the dinner, but she did not appear: she had a headache, his hostess explained. Well, he was not to have a last look at her, after all; better so, perhaps. He took leave early and on his way home stopped at a florist’s and sent her a bunch of violets. The next morning he got a little note from her: the violets had done her head so much good—she would tell him all about it that evening at the Gildermere ball. Woburn laughed and tossed the note into the fire. That evening he would be on board ship: the examination of the books was to take place the following morning at ten.

Woburn went down to the bank as usual; he did not want to do anything that might excite suspicion as to his plans, and from one or two questions which one of the partners had lately put to him he divined that he was being observed. At the bank the day passed uneventfully. He discharged his business with his accustomed care and went uptown at the usual hour.

In the first flush of his successful speculations he had set up bachelor lodgings, moved by the temptation to get away from the dismal atmosphere of home, from his mother’s struggles with the cook and his sister’s curiosity about his letters. He had been influenced also by the wish for surroundings more adapted to his tastes. He wanted to be able to give little teas, to which Miss Talcott might come with a married friend. She came once or twice and pronounced it all delightful: she thought it so nice to have only a few Whistler etchings on the walls and the simplest crushed levant for all one’s books.

To these rooms Woburn returned on leaving the bank. His plans had taken definite shape. He had engaged passage on a steamer sailing for Halifax early the next morning; and there was nothing for him to do before going on board but to pack his clothes and tear up a few letters. He threw his clothes into a couple of portmanteaux, and when these had been called for by an expressman he emptied his pockets and counted up his ready money. He found that he possessed just fifty dollars and seventy-five cents; but his passage to Halifax was paid, and once there he could pawn his watch and rings. This calculation completed, he unlocked his writing-table drawer and took out a handful of letters. They were notes from Miss Talcott. He read them over and threw them into the fire. On his table stood her photograph. He slipped it out of its frame and tossed it on top of the blazing letters. Having performed this rite, he got into his dress-clothes and went to a small French restaurant to dine.

He had meant to go on board the steamer immediately after dinner; but a sudden vision of introspective hours in a silent cabin made him call for the evening paper and run his eye over the list of theatres. It would be as easy to go on board at midnight as now.

He selected a new vaudeville and listened to it with surprising freshness of interest; but toward eleven o’clock he again began to dread the approaching necessity of going down to the steamer. There was something peculiarly unnerving in the idea of spending the rest of the night in a stifling cabin jammed against the side of a wharf.

He left the theatre and strolled across to the Fifth Avenue. It was now nearly midnight and a stream of carriages poured up town from the opera and the theatres. As he stood on the corner watching the familiar spectacle it occurred to him that many of the people driving by him in smart broughams and C-spring landaus were on their way to the Gildermere ball. He remembered Miss Talcott’s note of the morning and wondered if she were in one of the passing carriages; she had spoken so confidently of meeting him at the ball. What if he should go and take a last look at her? There was really nothing to prevent it. He was not likely to run across any member of the firm: in Miss Talcott’s set his social standing was good for another ten hours at least. He smiled in anticipation of her surprise at seeing him, and then reflected with a start that she would not be surprised at all.

His meditations were cut short by a fall of sleety rain, and hailing a hansom he gave the driver Mrs. Gildermere’s address.

As he drove up the avenue he looked about him like a traveller in a strange city. The buildings which had been so unobtrusively familiar stood out with sudden distinctness: he noticed a hundred details which had escaped his observation. The people on the sidewalks looked like strangers: he wondered where they were going and tried to picture the lives they led; but his own relation to life had been so suddenly reversed that he found it impossible to recover his mental perspective.