“I am terribly sorry not to show you my treasure of treasures, but the frame was pulling loose a bit and Felix has taken it to have it mended. Anything as precious as a Rembrandt must be framed in an airtight frame. Felix has been offered a huge sum for our Rembrandt and I am trembling for fear he might sell it. Of course, I know that persons of our means have no business owning such a rare etching but I would so hate to part with it. Felix is something of a speculator in such things, while I have more the soul of the born collector.”

“I should think you would live in continual fear of having your things snatched from you,” said Elizabeth, wondering at her own cruelty in making such a remark.

“I do,” said Hortense, sadly. “Why, Felix is so keen on a trade that I shouldn’t be astonished if he wanted sometime to sell my lovely orchid pin.”

“Ah, but the ‘Pet’ engraved on the back would keep him from doing that,” suggested Billy, thinking what a mercenary brute the husband must be.

“Oh, but that could be taken off,” said Elizabeth with an air of childlike innocence. “We had some marks taken off some silver one time. It was the initials of a person who had married into my father’s family and had her initials put on an old family tea service. She had no right to the service and the service was ruined in our eyes by the addition of her initials. Of course, it meant some of the thickness of the silver had to be sacrificed to get rid of the engraving and there is almost a concavity where there used to be a convexity, but we prefer that to the initials of the interloper.”

“Oh, please don’t tell my husband such a thing could be done,” was Hortense’s playful rejoinder. “He would surely get some of the eraser and take off the ‘Pet.’ Of course, this little pin is very valuable as a work of art and I shouldn’t object if we get really hard up. I have never been an unreasonable wife, and we have had our ups and downs.”

“You might write to your friend Mr. Thomas,” Elizabeth suggested to Billy, “and tell him there is a chance for him to buy the duplicate of the pin his wife lost.” Elizabeth well understood she was teasing Mrs. Markle, but could not resist doing it, feeling assured that she was supposed to be unconscious of so doing.

“Don’t do it! Please don’t do it!” begged Hortense, plainly alarmed. “If this Mr. Thomas hears of this pin he might make a bid for it and Felix is almost sure to take him up, although it does belong to me. I couldn’t bear to part with my beautiful pin. It has such wonderful associations. You see, Felix gave it to me in our early married life when everything was quite different.” This, of course, was for Billy’s benefit and he looked sad and promised he would not write to his friend.

Hortense looked daggers at Elizabeth, who began to feel that she was regarded as being a bit catty, the expression that she had so recently used to describe Hortense.

“No doubt I am,” Elizabeth said to herself, “but I couldn’t resist it.” Aloud, she remarked that she must be going. Mrs. Markle did not urge her to remain. She found this girl Elizabeth a little too inclined to suggest unpleasant things. She was on the whole rather relieved when Billy McGraw offered to take Elizabeth home in his car. She wanted to get rid of both callers and to see Felix alone and report to him that things were getting a trifle warm.