"I'm sorry," she said quietly, but with a hint of resolution. "I don't want to criticize, but Bell is greedy and cunning, and now he has got both coal yards will charge the farmers more than he ought. He has already got too large a share of all the business that is done in the dale."

"It's obvious that you have learned less than you think," Osborn rejoined, feeling that he was on safer ground. "You don't seem to understand that concentration means economy. Bell, for example, buys and stores his goods in large quantities, instead of handling a number of small lots at different times, which would cost him more."

"I can see that," Grace admitted, "But I imagine he will keep all he saves. You know the farmers are grumbling about his charges."

Osborn frowned. "You talk too much to the farm people; I don't like it. You can be polite, but I want you to remember they are my tenants, and not to sympathize with their imaginary grievances. They're a grumbling lot, but will keep their places if you leave them alone."

He got up abruptly and when he went off across the lawn Mrs. Osborn gave the girl a reproachful glance.

"You are very rash, my dear. On the whole, your father was remarkably patient."

Grace laughed, a rather strained laugh, as Osborn's angry voice rose from behind a shrubbery.

"He isn't patient now, and I'm afraid Jackson is paying for my fault. However, I really think I was patient, too. To talk about people keeping their places is ridiculous; in fact, it's piffle! Father's notions are horribly out of date. One wonders he doesn't know."

"Things change. Perhaps we don't quite realize this when we are getting old. But you mustn't argue with your father. He doesn't like it, and when he's annoyed everybody suffers."

"It's true; but how illogical!" Grace remarked, and mused while she looked dreamily across the grass.