"I had, perhaps, better mention that I am going to call on Miss Hartley.
After that, I shall be uncommonly thankful to start back for the bush."
He paused and concluded with a sudden trace of humor: "I'll own that I
feel more at home with the work that awaits me there."

Jessy made a little gesture which, while it might have meant anything, was somehow very expressive. Just then there were footsteps outside and the next moment Horsfield walked into the room.

"So you're back!"

"Yes," Carroll replied shortly. "Beaten at both ends—there's no use in hiding it."

Horsfield showed no sign of satisfaction, and Carroll afterward admitted that the man behaved very considerately.

"Well," he declared, "though you may be astonished to hear it, I'm sorry. Unfortunately, our interests clashed, and I naturally looked after mine. Once upon a time I thought I could have worked hand in hand with Vane, but our ideas did not coincide, and your partner is not the man to yield a point or listen to advice."

Carroll was aware that Horsfield had by means which were far from honorable deprived him of a considerable portion of his possessions. He had also betrayed his fellow shareholders in the Clermont Mine, selling their interests, doubtless for a tempting consideration, to the directors of another company. For all that, Carroll recognized that since he and Vane were beaten, as he had confessed, recriminations and reproaches would be useless as well as undignified. He preferred to face defeat calmly.

"It's the fortunes of war," he returned. "What you say about Vane is more or less correct; but, although it is not a matter of much importance now, it was impossible from the beginning that your views and his ever should agree."

Horsfield smiled.

"Too great a difference of temperament? I dare say you're right. Vane measures things by a different standard—mine's perhaps more adapted to the market-place. But where have you left him?"