The firm of Moncharmont & Co. grew in moderate prosperity. Its London representative was a far better man, from the commercial point of view, than Piers Otway, and on visiting the new offices—which he did very soon after reaching London, in the spring of 1894—Piers marvelled how the enterprise had escaped shipwreck during those twelve months which were so black in his memory with storm and stress. The worst twelve month of his life!—with the possible exception of that which he spent part at Ewell, part at Odessa.

Since, he had sailed in no smooth water; had seen no haven. But at least he sailed onward, which gave him courage. Was courage to be now illumined with hope? He tried to keep that thought away from him; he durst not foster it. Among the papers he brought with him to England was a letter, which, having laid it aside, he never dared to open again. He knew it by heart—unfortunately for his peace.

He returned to another London than that he had known, a London which smiled welcome. It was his duty, no less than his pleasure, to call upon certain people for whom he had letters of introduction from friends in Russia, and their doors opened wide to him. Upon formalities followed kindness; the season was beginning, and at his modest lodgings arrived cards, notes, bidding to ceremonies greater and less; one or two of these summonses bore names which might have stirred envy in the sons of fashion.

Solus feci! He allowed himself a little pride. His doing, it was true, had as yet been nothing much to the eye of the world; but he had made friends under circumstances not very favourable, friends among the intelligent and the powerful. That gift, it seemed, was his, if no other—the ability to make himself liked, respected. He, by law the son of nobody, had begun to approve himself true son of the father he loved and honoured.

His habits were vigorous. Rising very early, he walked across the Park, and had a swim in the Serpentine. The hours of the solid day he spent, for the most part, in study at the British Museum. Then, if he had no engagement, he generally got by train well out of town, and walked in sweet air until nightfall; or, if weather were bad, he granted himself the luxury of horse-hire, and rode—rode, teeth set against wind and rain. This earned him sleep—his daily prayer to the gods.

At the date appointed, he went in search of Mrs. Borisoff, who welcomed him cordially. Her first inquiry was whether he had got the Castle.

"I have got it," Piers replied, and entered into particulars. They talked about it like children anticipating a holiday. Mrs. Borisoff then questioned him about his doings since he had been in England. On his mentioning a certain great lady, a Russian, with whom he was to dine next week, his friend replied with a laugh, which she refused to explain.

"When can you spend an evening here? I don't mean a dinner. I'll give you something to eat, but it doesn't count; you come to talk, as I know you can, though you didn't let me suspect it at Petersburg. I shall have one or two others, old chums, not respectable people. Name your own day."

When the evening came, Piers entered Mrs. Borisoff's drawing-room with trepidation. He glanced at the guest who had already arrived—a lady unknown to him. When again the door opened, he looked, trembling. His fearful hope ended only in a headache, but he talked, as was expected of him, and the hostess smiled approval.

"These friends of yours," he said aside to her, before leaving, "are nice people to know. But——"