Hastings appeared embarrassed. "That," he objected, "is a thing I'm not warranted in telling you in the meanwhile."

A suggestive gleam crept into Winifred's eyes, but it vanished and her manner became authoritative when she turned back to Sproatly.

"Jim," she said, "you will tell Mr. Hastings all you know."

Sproatly made a gesture of resignation. "After all," he admitted, "I think it's necessary. Gregory, as I've told you already, put up a big mortgage on his place, and in view of the price of wheat and the state of his crop, it's evident that he must have had some difficulty in meeting the interest, unless—and one or two things suggest this—he paid it with Harry's money. Of course, as Harry gave him a share, there's no reason why he shouldn't do this so long as he does not overdraw that share. There's no doubt, however, that he has lost a good deal of money on the wheat market."

"Has he lost any of Harry's?" Mrs. Hastings asked.

Sproatly hesitated. "I'm afraid it's practically certain."

Then Winifred broke in. "Yes," she said, "he has lost a great deal. Hamilton knows almost everything that's going on, and I got it out of him. He's a friend of Wyllard's, and seems very vexed with Gregory."

The others said nothing for a moment or two, and then Mrs. Hastings spoke again.

"In a general way," she said, "most of us don't keep much in the bank, and that expedition must have cost Harry a good deal. How would Gregory get hold of the money before harvest?"

"Edmonds, who holds his mortgage, would let him have it," said Sproatly.