Mr. Haveloc made no reply. A dark frown settled on his face, and he leaned his head on his hands, seeming to be immersed in the folio volume that stood on a desk before him.

"If," he thought, "the love of a creature like Margaret can hinge upon such wretched trifles, why let it go. If she can love him, why should I regret her?"

Yet he felt that all he was worth would be too little to purchase such affection as hers would be, where it was freely given.

Both parties were silent for some time. Mr. Grey forgot the presence of Mr. Haveloc, so entirely was he engrossed with the subject on his mind; and he was employing himself in making a mental estimate of the amount of Margaret's and Hubert's property, and the sum he meant to add to it, when he heard her voice and step in the drawing-room, half-dancing, half-singing, as she came near the library. The sounds ceased as she turned the handle of the door, and she entered with the most demure expression in the world.

"Uncle Grey, may I have the carriage after luncheon, if you please, to go to S—," said she advancing to him, "for I have broken my guitar string—this silver one, and I cannot play till I have got another."

"Yes, my love, certainly," said Mr. Grey, drawing her towards him, "are you busy now?"

"No; this is the last piece of business I have done," said Margaret laughing, and showing him the string, which she was twining round her fingers, "a very bad business; you cannot think how it startled me when it snapped."

"Have you learned that song which Hubert Gage gave you?" asked Mr. Grey.

"The Neapolitan one? Oh, yes! it is very easy;" said Margaret, singing one or two bars in a low tone, "Mr. Hubert thinks himself so fine because he can play that air on the guitar. It is the only tune he can play."

"Well, my love," said her uncle, "I have had a letter from Hubert Gage this morning. You may read it, if you will."