“I wonder what he did with it,” said Mr. Quest.
“Ah, so do I, and so will many another, I dare say. I wish that I could find it, I’m sure. It’s wanted badly enough now-a-days. But that reminds me, Quest. You will have gathered my difficulty from my note and what George told you. You see this man Janter—thanks to that confounded fellow, Major Boston, and his action about those College Lands—has thrown up the Moat Farm, and George tells me that there is not another tenant to be had for love or money. In fact, you know what it is, one can’t get tenants now-a-days, they simply are not to be had. Well, under these circumstances, there is, of course, only one thing to be done that I know of, and that is to take the farm in hand and farm it myself. It is quite impossible to let the place fall out of cultivation—and that is what would happen otherwise, for if I were to lay it down in grass it would cost a considerable sum, and be seven or eight years before I got any return.”
The Squire paused and Mr. Quest said nothing.
“Well,” he went on, “that being so, the next thing to do is to obtain the necessary cash to pay Janter his valuation and stock the place—about four thousand would do it, or perhaps,” he added, with an access of generous confidence, “we had better say five. There are about fifty acres of those low-lying meadows which want to be thoroughly bush drained—bushes are quite as good as pipes for that stiff land, if they put in the right sort of stuff, and it don’t cost half so much—but still it can’t be done for nothing, and then there is a new wagon shed wanted, and some odds and ends; yes, we had better say five thousand.”
Still Mr. Quest made no answer, so once more the Squire went on.
“Well, you see, under these circumstances—not being able to lay hands upon the necessary capital from my private resources, of course I have made up my mind to apply to Cossey and Son for the loan. Indeed, considering how long and intimate has been the connection between their house and the de la Molle family, I think it right and proper to do so; indeed, I should consider it very wrong of me if I neglected to give them the opportunity of the investment”—here a faint smile flickered for an instant on Mr. Quest’s face and then went out—“of course they will, as a matter of business, require security, and very properly so, but as this estate is unentailed, there will fortunately be very little difficulty about that. You can draw up the necessary deeds, and I think that under the circumstances the right thing to do would be to charge the Moat Farm specifically with the amount. Things are bad enough, no doubt, but I can hardly suppose it possible under any conceivable circumstances that the farm would not be good for five thousand pounds. However, they might perhaps prefer to have a general clause as well, and if it is so, although I consider it quite unnecessary, I shall raise no objection to that course.”
Then at last Mr. Quest broke his somewhat ominous silence.
“I am very sorry to say, Mr. de la Molle,” he said gently, “that I can hold out no prospect of Cossey and Son being induced, under any circumstances, to advance another pound upon the security of the Honham Castle estates. Their opinion of the value of landed property as security has received so severe a shock, that they are not at all comfortable as to the safety of the amount already invested.”
Mr. de la Molle started when he heard this most unexpected bit of news, for which he was totally unprepared. He had always found it possible to borrow money, and it had never occurred to him that a time might perhaps come in this country, when the land, which he held in almost superstitious veneration, would be so valueless a form of property that lenders would refuse it as security.
“Why,” he said, recovering himself, “the total encumbrances on the property do not amount to more than twenty-five thousand pounds, and when I succeeded to my father, forty years ago, it was valued at fifty, and the Castle and premises have been thoroughly repaired since then at a cost of five thousand, and most of the farm buildings too.”