"No, no. A friend of mine, son of a millionaire, who got into difficulties some time ago, and borrowed of me to clear himself. Good interest, and principal safe as Consols. In a year at most I shall have the money back, and every penny shall go into the business."

Will had his private view of the matter, and not seldom suffered a good deal of uneasiness as he saw the inevitable doom approach. But already it was too late to withdraw his share from the concern; that would have been merely to take advantage of Sherwood's generosity, and Will was himself not less chivalrous. In Godfrey's phrase, they continued "to fight the ship," and perhaps would have held out to the moment of sinking, had not the accession of the Liberals to power in the spring of this present year caused Sherwood so deep a disgust that he turned despondent and began to talk of surrender to hopeless circumstance.

"It's all up with us, Will. This Government spells ruin, and will count it one of its chief glories if we come to grief. But, by Heaven, they shan't have that joy. We'll square up, quietly, comfortably, with dignity. We'll come out of this fight with arms and baggage. It's still possible, you know. We'll sell the St. Kitts estate to the Germans. We'll find some one to buy us up here—the place would suit a brewer. And then—by Jove! we'll make jam."

"Jam?"

"Isn't it an idea? Cheap sugar has done for the refiners, but it's a fortune for the jam trade. Why not put all we can realize into a jam factory? We'll go down into the country; find some delightful place where land is cheap; start a fruit farm; run up a building. Doesn't it take you, Will? Think of going to business every day through lanes overhung with fruit-tree blossoms! Better that than the filth and stench and gloom and uproar of Whitechapel—what? We might found a village for our workpeople—the ideal village, perfectly healthy, every cottage beautiful. Eh? What? How does it strike you, Will?"

"Pleasant. But the money?"

"We shall have enough to start; I think we shall. If not, we'll find a moneyed man to join us."

"What about that ten thousand pounds?" suggested Warburton.

Sherwood shook his head.

"Can't get it just yet. To tell you the truth, it depends on the death of the man's father. No, but if necessary, some one will easily be found. Isn't the idea magnificent? How it would rile the Government if they heard of it! Ho, ho!"