TED MORRIS.

Is he still in the philanthropic line?

THEODORE TRAVERS.

Yes, doing a bigger business than ever. I'm afraid he won't live long. They'll be wanting him for an angel when the next vacancy occurs. He is a County Councillor already. By-the-bye, he landed you pretty heavily, didn't he?

TED MORRIS.

Oh, that was my fault. I let him invest all our money in some cast-iron affair that was going to pay a hundred per cent. He had influence with the Directors, and got them to let us into it—as a favour.

THEODORE TRAVERS.

Um! and a very pretty little "let in" it was. Well, it's all experience, my dear boy—all.

(Enter Nelly. Theodore rises.)

TED MORRIS.