“Spending a little! Where are your other books? Mr Walton and I will have a look through them to-night, if you don’t mind.”

“Not a bit, brother, not a bit. We’re going to give a dance to-morrow night to the servants, so if you like to bother with the book-work I’ll attend to the terpsichorean kick up.”

Mr Walton and Uncle Ramsay had a snack in the office that evening instead of coming up to supper, and when Mrs Broadbent looked in to say good-night she found them both quiet and hard at work.

“I say, Walton,” said Uncle Ramsay some time after, “this is serious. Draw near the fire and let us have a talk.”

“It is sad as well as serious,” said Walton.

“Had you any idea of it?”

“Not the slightest. In fact I’m to blame, I think, for not seeing to the books before. But the Squire—”

Walton hesitated.

“I know my brother well,” said Ramsay. “As good a fellow as ever lived, but as headstrong as a nor’-easter. And now he has been spending money on machinery to the tune of some ten thousand pounds. He has been growing crop after crop of wheat as if he lived on the prairies and the land was new; and he has really been putting as much down in seed, labour, and fashionable manures as he has taken off.”

“Yet,” said Walton, “he is no fool.”