To-day there came to the luncheon an old friend of the family, whose name Henry had once or twice heard, a Mr. Light-Johnson.

Mr. Light-Johnson was a long, thin, cadaverous-looking man with black sleek hair and a voice like a murmuring brook. He paid no attention to Henry and very little to Duncombe, but he sat next to Lady Bell-Hall and leaned towards her and stared into her face with large wondering eyes that seemed always to be brimming with unshed tears.

There are pessimists and pessimists, and it seems to be one of the assured rules of life that however the world may turn, whatever unexpected joys may flash upon the horizon, however many terrible disasters may be averted from mankind, pessimists will remain pessimists to the end. And such a pessimist as this Henry had never before seen.

He had an irritating, tantalizing habit of lifting a spoonful of soup to his lips and then putting it down again because of his interest in what he was saying.

"What I feared last Wednesday," he said, "has already come true."

"Oh dear!" said Lady Bell-Hall. "What is that?"

"The Red Flag is flying in East Croydon. The Workers' Industrial Union have commandeered the Y.M.C.A reading-room and have issued a manifesto to the Croydon Parish Council."

"Dear, dear! Dear, dear!" said Lady Bell-Hall.

"It is a melancholy satisfaction," said Mr. Light-Johnson, "to think how right one was last Wednesday. I hardly expected that my words would be justified so quickly."