'But the paper?'

'The paper never was a pecuniary success.'

'The money you put into it, I suppose, is lost.'

'For the present at all events. Things may right themselves, Delacour may come up to the top of the wheel again.'

'He must have cheated you, he swindled you.'

'I suppose he did, but he was very hard pressed at the time. He didn't know where to turn for money.'

Harold was surprised by the gentleness of Mildred's tone.

'You must give me the particulars, and I'll do all that can be done to get back your money. Now tell me how—'

'Yes, you shall have all the particulars,' she said, 'but I'm afraid that you'll not be able to do much.'

'What were the conditions?'