"I don't care much about jewellers' windows," Peggy said with severity. "What's the use of looking at a lot of things you can't afford to buy, and then getting to want them, and making yourself miserable?"

Graham chuckled.

"That may be all right for some folks," he replied. "But your remarks don't apply, of course, to wealthy individuals like myself. I'm thinking of buying up a few of the novelties before I go home, as Christmas remembrances for my friends."

He looked at Peggy smilingly, as if he expected her to appreciate the joke. Meeting the unblinking gravity of her gaze, his face changed slightly.

"I don't believe any real friend of yours would want a very expensive present from you," exclaimed Peggy, too indignant to realize that she was on dangerous ground. "Because, of course, you can't afford it."

A little irritation mingled with Graham's surprise.

"Naturally a fellow just finishing college and dependent on his father for every cent, isn't going to blow in much for jewelry," he replied with an air of wishing to change the subject. "Some of these designs are great, Peggy, even if we can't buy them."

"Are they?" Peggy looked resolutely over the display, as if defying temptation.

"It's an enterprising firm," continued Graham, mystified by her unusual manner. "They're great on advertising. The first ad. I got from them nearly took me off my feet. It was gotten up like a letter."

"What!" Peggy's sudden accession of breathless interest was as incomprehensible as her previous air of disapproval. "A letter? Tell me about it, Graham."