"Or T. O. E. C. O.," said Kipps, assisting his poor head by nodding it at each letter.

"Toe Company like," he said in his efforts to comprehend.

When Kipps was clear what an anagram meant, Coote came to the second heading, the Tea. Kipps gathered there might be from thirty to sixty people present, and that each one would have an anagram pinned on. "They give you a card to put your guesses on, rather like a dance programme, and then, you know, you go around and guess," said Coote. "It's rather good fun."

"Oo rather!" said Kipps, with simulated gusto.

"It shakes everybody up together," said Coote.

Kipps smiled and nodded....

In the small hours all his painful meditations were threaded by the vision of that Anagram Tea; it kept marching to and fro and in and out of all his other troubles, from thirty to sixty people, mostly ladies and callers, and a great number of the letters of the alphabet, and more particularly P. I. K. P. S. and T. O. E. C. O., and he was trying to make one word out of the whole interminable procession....

This word, as he finally gave it with some emphasis to the silence of the night, was "Demn!"

Then, wreathed as it were in this lettered procession, was the figure of Helen as she had appeared at the moment of "words"; her face a little hard, a little irritated, a little disappointed. He imagined himself going around and guessing under her eye....

He tried to think of other things, without lapsing upon a still deeper uneasiness that was wreathed with yellow sea poppies, and the figures of Buggins, Pierce and Carshot, three murdered Friendships, rose reproachfully in the stillness and changed horrible apprehensions into unspeakable remorse. Last night had been their customary night for the banjo, and Kipps, with a certain tremulous uncertainty, had put old Methuselah amidst a retinue of glasses on the table and opened a box of choice cigars. In vain. They were in no need, it seemed, of his society. But instead Chitterlow had come, anxious to know if it was all right about that syndicate plan. He had declined anything but a very weak whiskey and soda, "just to drink," at least until business was settled, and had then opened the whole affair with an effect of great orderliness to Kipps. Soon he was taking another whiskey by sheer inadvertency, and the complex fabric of his conversation was running more easily from the broad loom of his mind. Into that pattern had interwoven a narrative of extensive alterations in the Pestered Butterfly—the neck and beetle business was to be restored—the story of a grave difference of opinion with Mrs. Chitterlow, where and how to live after the play had succeeded, the reasons why the Hon. Thomas Norgate had never financed a syndicate, and much matter also about the syndicate now under discussion. But if the current of their conversation had been vortical and crowded, the outcome was perfectly clear. Kipps was to be the chief participator in the syndicate, and his contribution was to be two thousand pounds. Kipps groaned and rolled over and found Helen, as it were, on the other side. "Promise me," she had said, "you won't do anything without consulting me."