A kind welcome awaited him on the part of the count and countess; and the eyes of Signora Isabella expressed the satisfaction she experienced at his return.

When Markham was seated with the count after dinner, he determined to commence the explanation which he had resolved to give.

He was just about to broach the subject, when the count observed, "By the bye, I am happy to inform you that I received letters from Greenwood this morning; and he assures me that the speculation looks admirably."

"I am delighted to hear it," returned Richard. "But the chief object of my present visit——"

"Was to speak about this Steam Packet business, no doubt," interrupted the count. "Well, if you like to take shares in it, it is not too late. But what do you think? I am going to tell you a secret. You know that I look upon you as a friend of the family; besides, I am well aware that you respect Isabel and love her like a brother——"

"What did you say, count?" stammered Markham.

"I was going to tell you that Mr. Greenwood—who is immensely rich—has taken a liking to Isabella——"

"Indeed!"

"Yes—and I gave him some little encouragement."

"What! without previously ascertaining whether the Signora's feelings are reciprocal?" cried Richard.