He had begun without any preamble, and with perfect calm; and the Duke, who was above all a courteous gentleman, had listened, first with silent consternation and resentment, and then with growing interest.

Francis Markrute had manipulated infinitely more difficult situations, when the balance of some of the powers of Europe depended upon his nerve; but he knew, as he talked to this gallant old Englishman, that he had never had so much at stake, and it stimulated him to do his best.

He briefly stated his history, which Ethelrida already knew; he made no apology for his bar sinister; indeed, he felt none was needed. He knew, and the Duke knew, that when a man has won out as he had done, such things fade into space. And then with wonderful taste and discretion he had but just alluded to his vast wealth, and that it would be so perfectly administered through Lady Ethelrida's hands, for the good of her order and of mankind.

And the Duke, accustomed to debate and the watching of methods in men, could not help admiring the masterly reserve and force of this man.

And, finally, when the financier had finished speaking, the Duke rose and stood before the fire, while he fixed his eyeglass in his eye.

"You have stated the case admirably, my dear Markrute," he said, in his distinguished old voice. "You leave me without argument and with merely my prejudices, which I dare say are unjust, but I confess they are strongly in favor of my own countrymen and strongly against this union—though, on the other hand, my daughter and her happiness are my first consideration in this world. Ethelrida was twenty-six yesterday, and she is a young woman of strong and steady character, unlikely to be influenced by any foolish emotion. Therefore, if you have been fortunate enough to find favor in her eyes—if the girl loves you, in short, my dear fellow, then I have nothing to say.—Let us ring and have a glass of port!"

And presently the two men, now with the warmest friendship in their hearts for one another, mounted the staircase to Lady Ethelrida's room, and there found her still talking to Anne.

Her sweet eyes widened with a question as the two appeared at the door, and then she rushed into her father's arms and buried her face in his coat; and with his eyeglass very moist, the old Duke kissed her fondly—as he muttered.

"Why, Ethelrida, my little one. This is news! If you are happy, darling, that is all I want!"

So the whole dreaded moment passed off with rejoicing, and presently Lady Anningford and the fond father made their exit, and left the lovers alone.