But Mr. Goulden was a wary fish. He had no objection to being hooked if the conditions were all right, and until satisfied as to these he would play around at a safe distance. As he saw Mr. Allen daily getting into deeper water, he grew more cautious. His calls were not quite so frequent. He managed never to be with Laura except in company with others, and while his manner was very complimentary it was never exactly lover-like. Therefore, all Laura's feminine diplomacy was in vain, and that which a woman can say frankly the moment a man speaks, she could scarcely hint. Moreover, Mr. Goulden was adroit enough to chill her heart while he flattered her vanity. There was something about his manner she could not understand, but it was impossible to take offence at the polished gentleman.

Her father understood him better. He saw that Mr. Goulden had resolved to settle the question on financial principles only.

As the chances diminished of securing him indirectly through Laura as a prop to his tottering fortunes, he at last came to the conclusion to try to interest him directly in his speculation, feeling sure if he could control only a part of Mr. Goulden's large means and credit, he could carry his operation through successfully.

Mr. Goulden warily listened to the scheme, warily weighed it, and concluded within the brief compass of Mr. Allen's explanation to have nothing to do with it. But his outward manner was all deference and courteous attention.

At the end of Mr. Allen's rather eager and rose-colored statements, he replied in politest and most regretful tones that he "was very sorry he could not avail himself of so promising an opening, but in fact, he was 'in deep' himself—carrying all he could stand up under very well, and was rather in the borrowing than in the lending line at present."

Keen Mr. Allen saw through all this in a moment, and his face flushed angrily in spite of his efforts at self-control. Muttering something to the effect:

"I thought I would give you a chance to make a good thing," he bade a rather abrupt "good-morning."

As the pressure grew heavier upon him he was led to do a thing the suggestion of which a few weeks previously he would have regarded as an insult. Mrs. Allen had a snug little property of her own, which had been secured to her on first mortgages, and in bonds that were quiet and safe. These her husband held in trust for her, and now pledged them as collateral on which to borrow money to carry through his gigantic operation. In respect to part of this transaction, Mrs. Allen was obliged to sign a paper which might have revealed to her the danger involved, but she languidly took the pen, yawned, and signed away the result of her father's long years of toil without reading a line.

"There," she said, "I hope you will not bother me about business again. Now in regard to this party—" and she was about to enter into an eager discussion of all the complicated details, when her husband, interrupting, said:

"Another time, my dear—I am very much pressed by business at present."