“Ye-es; but——”

“Well, then, you are exactly where you were before you bought any. You’ve lost nothing, because you received your money back intact.”

“I’m willing to buy them,” she said resolutely, “at 93.”

“Mrs. Hunt, I wish I could buy them for you at that price. But there are none for sale cheaper than 96½.”

“Oh, why did I let you sell my bonds!” she said, disconsolately.

“Well, you worried so much because they had declined that——”

“Yes, but I didn’t know anything about business matters. You know I didn’t, Mr. Colwell,” she finished, accusingly.

He smiled in his good-natured way. “Shall I buy the bonds for you?” he asked. He knew the plans of the syndicate in charge, and being sure the bonds would advance, he thought she might as well share in the profits. At heart he felt sorry for her.

She smiled back. “Yes,” she told him, “at 93.” It did not seem right to her, notwithstanding his explanations, that she should pay 96½ for them, when the price a few days ago was 93.

“But how can I, if they are 96½?”