The listener's face exhibited a surprise of which there was no mistaking the sincerity. Her very features seemed to undergo a change as the smile vanished from them; they became on the instant hard and old, lined with sudden wrinkles, the muscles tense, every line expressive of fierce vigilance.

'In business?—what business?'

'Oh, I thought you would have heard of it. Perhaps Mr. Redgrave doesn't care to have it known.'

'My dear, I am discretion itself.'

Everything was told, down to the last detail of which Alma had any knowledge. As she listened and questioned, Mrs. Strangeways resumed her smiling manner, but could not regain the perfect self-command with which she had hitherto gossiped. That she attached great importance to this news was evident, and the fact of its being news to her brought fresh trouble into Alma's thoughts.

'How very interesting!' exclaimed Mrs. Strangeways at length. 'Another instance of Mr. Redgrave's kindness to his friends. Of course, it was done purely out of kindness, and that is why he doesn't speak of it. Quite amusing, isn't it, to think of him as partner in a business of that kind. I wonder whether——'

She broke off with a musing air.

'What were you wondering?' asked Alma, whose agitation increased every moment, though the seeming tendency of her companion's words was to allay every doubt.

'Oh, only whether it was Mr Carnaby who first made known his difficulties.'

'I am told so.'