The Prime Minister was hugely relieved. "There's no one else in London, Bill, who comes into this particular room to ask that particular kind of question."

"Oh?" said Mr. Bailey thoughtfully. "By the way," he went on, "there's another thing; old Clutterbuck's got to have it."

"Oh, damn and blast old Clutterbuck," said the Prime Minister, jumping up from his chair as some men do when they see a black cat. "Oh, it's perfectably intolerable! Whether it's Charlie, or whether it's Mary, or whether it's Bozzy, or whether it's you, you shoot out that word 'Clutterbuck' the moment you've got the range. The only man in London who has the decency to spare me Clutterbuck is the Peabody Yid."

"Et pour cause," said Mr. Bailey, who spoke French but rarely.

The Prime Minister began to smile, then checked himself.

"I don't think it can be done, Bill," he said gently. "He's out of the way, I know, but it really would be too ridiculous. What would people say?"

"They wouldn't say anything," said Mr. Bailey, "they never do say anything, and it has its advantages, you know: a friend's a friend and an enemy's an enemy; he's dreadfully sore just now. Besides which, what harm does it do a soul to give the poor chap a hoist? What harm did it do any mortal soul even when the Peabody Yid bought his peerage? And he bought the right to make interminable speeches with a lisp. I remember your father about him years ago: he was a godsend to your father in the Lords; your father could do the Yid better than any one in London."

Mr. William Bailey indulged in an imitation of the lisp, and the Prime Minister, who also remembered his father's intense amusement, was melted to another smile. He half gave way.

"The trouble is to find the recognition, you know," he said, "'in recognition'—in recognition of what? It's like the despatches from South Africa when they had to stick in every man Jack of them, or never dine again. But it's easier to give a D.S.O. because the public aren't there looking on. What the devil has old Clutterbuck ever done?"

"Oh," said Mr. Bailey gaily, "he declared strongly against allowing the fall in Consols to go on, and in favour of a large gold reserve, and one or two other things." Mr. Bailey looked the Prime Minister straight in the eye, and the Prime Minister's eye fell.