But it was apparent that he had become unsettled in his religious convictions as the result of frequent subsequent meetings with his fellow-lodger, who exercised a conscious fascination over the younger man, and could induce Henry to reveal his inmost thoughts without himself volunteering much about his own personal history. Mr. P. was actuated, no doubt, mainly by sheer interest in his friend, and had no sinister end—as he conceived it—in view. So the friendship grew, to the no small annoyance of Flo Winton, who had frequent cause to chide her lover for giving more of his scanty leisure to Mr. P. than to one—mentioning no names—who had perhaps more claim upon it.

At the Leader office he was finding things less to his mind than he had hoped. Five years ago the editorship of a daily paper was a golden dream to him; a year ago, his brightest hope; to-day, a post involving much drudgery, more diplomacy and temporising; small satisfaction.

He imagined that his case was exceptional. "If this," and "granted that," the editorship of the Leader was an ideal post. Minus the ifs, it was not a bed of roses. The cyclist who is bumping along a rough road notices that his friend is wheeling smoothly on the other side, and steers across to get on the smooth track, just as his friend leaves it for the same reason reversed.

We all suppose our trials to be exceptional, and the chances are that the people we are envying are envying us. Conceivably, the editorship of the Times is not heavenly. There were some hundreds of ambitious journalists ready to rush for Henry's post the moment he showed signs of quitting. A newspaper that has had fifteen editors in five years will have five hundred candidates for the job when the fifteenth gives up the struggle. Henry had learned at the rate of a year a week since he became editor.

That leader yesterday had displeased the chairman of directors, as it was somewhat outspoken in favour of municipal trams, and the chairman was a shareholder in the existing company. Another director wanted to see more news from the colliery districts than the paper usually contained, and a third fancied that the City news was not full enough. Yet another, a wealthy hosiery manufacturer, who was wont to boast himself a "self-made man," pointed out that they didn't like leaders to be humorous, and he was open to bet as the heditor was wrong in saying "politics was tabu," when everybody knoo as 'ow the word was "tabooed." He'd looked it hup in the dictionary 'imself. Politics and newspaper-editorship bring us strange bedfellows.

The simple truth was that Henry, all too soon, had learned what an editor's responsibility meant. It meant supporting the political programme of the party which the paper represented, temporising with selfish interests, humouring ignorance when it wore diamond rings, toiling for others to take the credit, and blundering for oneself to bear the blame.

Many of these worries would have been absent from the editorship of a really first-class newspaper; but first-class journals are seldom edited by young men of twenty-two or thereby. Henry had no financial control—a good thing for him, perhaps—and the manager had won the confidence of the directors through procuring dividends by cutting down expenses. He saved sixpence a week by insisting on the caretaker, who made tea for the staff every evening, buying in a less quantity of milk. He pointed out to the poor woman that she was unduly severe on scrubbing-brushes, and after refusing to sign a bill for a sixpenny ball of string required in the packing department, on the plea that "there was a deal of waste going on," he went out to dine with Sir Henry Field, the chairman of directors, to the tune of a guinea a head "for the prestige of the paper." He had even stopped the Spectator and the Saturday Review, which had been bought for the editor in the past, urging that it was dangerous to read them, as that might interfere with the editor's originality in his leaders. Besides, it saved a shilling a week, and really one didn't know what journalistic competition was coming to.

Yet Henry had "succeeded," though he had not "arrived." Best evidence of his success was the jealousy which he created among the older members of the staff, and the contempt in which his name was held in the rival newspaper offices. But he was not satisfied. In less than a year he had ceased to thrill with pride when he was spoken of as editor of the Leader. The political party of which his paper was the avowed local mouthpiece had won a splendid victory at the School Board election, "thanks in no small degree to the able support of the Leader," the orators averred when they performed the mutual back-patting at the Liberal Club meeting. Sir Henry Field bowed his acknowledgments of the praise when he rose; and the manager of the Leader was much in evidence. Henry was at that moment writing away at his desk with his coat off. This is the pathetic side of journalism and of life—one man sows, another reaps.

Nor was Henry's love affair progressing more happily than his experience of editing. The swelled head was subsiding; perhaps the swelled heart also. He heard frequently from home, and there was occasional mention of Eunice; and when his eye caught the name in his sister's letters he had a momentary twinge of a regret which he could not express, and did not quite understand.

Flo Winton had in no wise altered so far as he was capable of judging. She was still the bright, attractive young woman he had grown suddenly conscious of a few years ago. Nothing had been whispered of "engagement," but she had indicated in many unmistakable little ways that she regarded Henry's future as bound up with her own. Yet he now began to wonder if he were wise to let things drift on as they were shaping. He wondered, and let things drift. Flo was quite clear in her mind that they were "as good as engaged." She understood that the woman who hesitates is lost.