This sudden revelation of Margaret's feelings brought a sense of despair to Fitzwilliam Baldwin. If the spectre of the past haunted her thus, if she were divided from all the present by this drear shade, then was she divided from him too.

How should he hope to lay the ghost which thus walked abroad in the noonday beside her? Had he had a little more experience, had not Margaret been so completely a new type of womanhood to him, had he had a little less humility, he would have taken courage from the fact that she had given utterance to such feelings before him.

That he had seen Margaret as no other human being had ever seen her, ought to have been an indication to him that, however unconsciously to her, he was to Margaret what no other human being was. The time was to come in which he was to make that discovery; but that time was not yet, and he left her that day with profound discouragement.

She recovered herself after a little, and when they reached the confines of the demesne of Chayleigh they were talking in their ordinary manner of ordinary subjects, but Margaret's arm still rested on that of her companion, nor was it removed until they reached the little gate between the wood and the pleasaunce.

As they crossed the lawn, Margaret's dress swept the fallen leaves rustling after her. She was very near the house now, and the sound caught James Dugdale's ear as he lay on his couch in the window. He raised himself on his elbow and looked out. The letter from Hayes Meredith was still in his hand. Margaret looked up and greeted him with a smile.

The next moment she was in the verandah, and he heard her laugh as she spoke to her father. Her voice thrilled his heart as it had done on the first day of her return. Her laugh had something like the old sound in it, which he had not heard since she was a girl. Good God! how long ago! She was looking better than when he went away. She was happy again in her old home.

He went downstairs, and they had a pleasant meeting. Margaret was kindly interested in his Oxford news. Mr. Baldwin and Mr. Carteret talked together. James and Margaret remained in the verandah until after Mr. Baldwin had taken his leave, and the sharp trot of Mrs. Carteret's ponies was audible. Then Margaret said:

"I must go and get ready for dinner."

And James detained her for a moment, saying:

"I have a letter which will interest you. It is from a friend of yours."