Oswyn seemed less at his ease; there was an extra dash of nervous brusqueness in the sarcastic welcome which he offered to the new-comer; and although there was a vacant seat in the little circle, of which Copal and Lightmark formed the nucleus, and to which Rainham had joined himself, he shuffled off to his favourite corner, and buried himself in "Gil Blas" and an abnormally thick cloud of tobacco-smoke.

Rainham gazed after him for a moment or two with a puzzled expression.

"Amiable as ever!" said Lightmark, with a laugh. "Poor old beggar! Have a cigarette? You ought to give up pipes. Haven't you been told that cigarettes are—what is it?—'the perfect type——?'"

"Oh, chestnuts!" interposed Copal, "that's at least six months old. And it's rot, too! Do you know what McAllister calls them? Spittle and tissue. Brutal, but expressive. But I say, old man, won't Mrs. Thingumy drop on you for smoking in your dress-coat? Or—or—— No, break it to me gently. You don't mean to say that you possess two? I really feel proud of having my studio next door to you."

"Copal is becoming quite an humorist," Lightmark suggested in an impartial manner. "What a wag it is! Keep it up, my boy. By the way, Mrs. Grumbit has been talking about your 'goings on,' as she calls them: she's apparently very much exercised in her mind as to the state of your morals. She told me she had to take you in with the matutinal milk three times last week. She wants me to talk to you like a father. It won't do, you know."

"I should like to hear you, Dick," said Rainham lazily. "Fire away!
But who is Mrs. Grumbit?"

"Oh, she's our housekeeper—the lady who dusts the studio, you know, and gives the models tea and good advice. She's very particular as to the models: she won't let us paint from any who don't come up to her standard of propriety. And the worst of it is that the properest girls are always the ugliest. I don't know——"

"Before you proceed with this highly original disquisition," interrupted Copal, "I think you ought to be warned that we have recently formed a Society for the Protection of Reputations, models' and actresses' in particular. It was McAllister's idea. You now have the honour of being in the headquarters, the committee-room of the society, and anything like slander, or even truth, will be made an example of."

"Don't you find it rather difficult to spread your sheltering wings over what doesn't exist?" hazarded Lightmark amusedly.

"Ah, I knew you would say that! You see, that's just where we come in. We talk about their morals and reputations until they begin to imagine they have some, and they unconsciously get induced to live up to them. See? It's rather mixed, but it works beautifully. Ask the vice-president! Rainham holds that proud office. I may remark that I am treasurer, and the subscription is half a guinea, which goes towards the expenses of providing light refreshments for the,—the beneficiaries."