Alice Deringham looked at her father with a smile the meaning of which he could not fathom. He did not know that she had of late been disturbed by unpleasant suspicions concerning his connection with Hallam.

"I fancy you are mistaken. You are of course influenced by a desire for his safety?"

Deringham winced, for he recognized the tone of sardonic scepticism, but he was horribly afraid of Hallam, and could not afford to fail.

"Well," he said, with a gesture of weariness, "I am afraid I must make an admission, I am hemmed in by almost overwhelming anxieties, and I have come to no understanding yet with Alton respecting Carnaby. Now if disaster overtook him in the ranges it would entail an investigation of the Carnaby affairs, and the withdrawal of a good deal of money from my companies, which would seriously hamper me. I have once or twice had to slightly exceed my duties as trustee, and Alton would approve of steps I have taken which a lawyer or accountant would consider irregular. Of course, if you had any knowledge of business I could make it more clear to you, but I can only tell you that I am anxious about Alton's safety for my own sake as well as his."

Alice Deringham turned towards him with a trace of impatience. "We may as well be honest, and I fancy Mr. Alton is used to risks," she said quietly. "Whether he encounters more than usual just now or otherwise is absolutely no concern of mine."

Deringham saw the change in her and wondered, but resolved to profit by it.

"I want him kept here a little longer. It is important to me," he said,

The girl saw the hand of Hallam in this, and surmised that it would not be to Alton's advantage if he postponed his journey, but she was vindictively bitter against him then, and glanced at her father inquiringly. It was evident that he was anxious and ill, and she was sensible of a pity that had yet a trace of contempt in it for him.

"Still, I do not see how I could induce him to remain," she said.

"Well," said Deringham slowly, "there is a way. Forel will be here in a minute—but if you would listen to me."