This was the state of things when the Derby crash came. At half-past five on that day, the Viscountess Welter dashed up to her elegant residence in St. John's Wood, in a splendid barouche, drawn by four horses, and, when "her people" came and opened the door and let down the steps, lazily descended, and followed by her footman bearing her fal-lals, lounged up the steps as if life were really too ennuyant to be borne any longer. Three hours afterwards, a fierce, eager woman, plainly dressed, with a dark veil, was taking apartments in the Bridge Hotel, London Bridge, for Mr. and Mrs. Staunton, who were going abroad in a few days; and was overseeing, with her confidential servant, a staid man in black, the safe stowage of numerous hasped oak boxes, the most remarkable thing about which was their great weight. The lady was Lady Welter, and the man was Lord Welter's confidential scoundrel. The landlord thought they had robbed Hunt and Roskell's, and were off with the plunder, till he overheard the man say, "I think that is all, my lady;" after which he was quite satisfied. The fact was, that all the Ascot race plate, gold salvers and épergnes, silver cups rough with designs of the chase, and possibly also some of the Ascot family jewels, were so disgusted with the state of things in England, that they were thinking of going for a little trip on the Continent. What should a dutiful wife do but see to their safe stowage? If any enterprising burglar had taken it into his head to "crack" that particular "crib" known as the Bridge Hotel, and got clear off with the "swag," he might have retired on the hard-earned fruits of a well-spent life into happier lands—might have been "run" for M.L.C., or possibly for Congress in a year or two. Who can tell?

And, also, if Lord Welter's confidential scoundrel had taken it into his head to waylay and rob his lordship's noble consort on her way home—which he was quite capable of doing—and if he also had got clear off, he would have found himself a better man by seven hundred and ninety-four pounds, three half-crowns, and a threepenny-piece; that is, if he had done it before her ladyship had paid the cabman. But both the burglars and the valet missed the tide, and the latter regrets it to this day.

At eleven o'clock that night, Lady Welter was lolling leisurely on her drawing-room sofa, quite bored to death. When Lord Welter, and Hornby, and Sir Robert Ferrers, and some Dragoons came in, she was yawning, as if life was really too much of a plague to be endured. Would she play loo? Oh, yes; anything after such a wretched, lonely evening. That was the game where you had three cards, wasn't it, and you needn't go on unless you liked. Would Welter or some one lend her some money. She had got a threepenny-piece and a shilling somewhere or another, but that would not be enough, she supposed. Where was Sir Robert's little brother! Gone to bed? How tiresome; she had fallen in love with him, and had set her heart on seeing him to-night. And so on.

Lord Welter gave her a key, and told her there was some money in his dressing-case. As she left the room, Hornby, who was watching them, saw a quick look of intelligence pass between them, and laughed in his sleeve.

I have been given to understand that guinea unlimited loo is a charming pursuit, soothing to the feelings, and highly improving to the moral tone. I speak from hearsay, as circumstances over which I have no control have prevented my ever trying it. But this I know—that, if Lord Welter's valet had robbed his master and mistress, when they went to bed that night, instead of netting seven hundred and ninety-four, seven, nine, he would have netted eleven hundred and forty-six, eight, six; leaving out the threepenny-piece. But he didn't do it; and Lord and Lady Welter slept that sleep which is the peculiar reward of a quiet conscience undisturbed.

But, next morning, when Charles waited on Hornby, in his dressing-room, the latter said—

"I shall want you to-night, lad. I thought I might have last night; but, seeing the other fellows went, I left you at home. Be ready at half-past six. I lost a hundred and twenty pounds last night. I don't mean to afford it any longer. I shall stop it."

"Where are we to go to, sir?"

"To St. John's Wood. We shall be up late. Leave the servant's hall, and come up and lie in the hall, as if you were asleep. Don't let yourself be seen. No one will notice you."

Charles little thought where he was going.