"Uncle Joseph told me all about her," said Philip. "I forgot, you haven't heard that bit."

And at the pressing invitation of Miss Falconer, he recited the tale of Colonel Meldrum's love-affair.

Peggy's verdict came hot and emphatic.

"She was a beast to treat him like that."

"Well, she has come back to him in the end," said broader-minded Philip.

"Will they get married, do you think?" asked Peggy, all in a feminine flutter.

Philip pondered.

"I suppose so," he said at last. "But they are pretty old."

"If they do," continued Peggy, "what will happen to you?"

Philip pondered again. Life had suddenly turned a corner, and new vistas were opening before him.