But to-day the place was up to auction, with stock and furniture, and people had walked or driven over from far around. For the bank management felt they would not be justified in giving any longer grace, now that Peer Holm was lying sick in hospital, and no doctor would undertake to say whether he would ever be fit to work again.

The courtyard was soon crowded. Inside, in the great hall, the auctioneer was beginning to put up the lots already, but most people hung back a little, as if they felt a reluctance to go in. For the air in there seemed charged with lingering memories of splendour and hospitality, from the days when cavaliers with ruffles and golden spurs had done homage there to ladies in sweeping silk robes—down to the last gay banquets to which the famous engineer from Egypt had loved to gather all the gentry round in the days of his prosperity.

Most of the people stood on the steps and in the entrance-hall. And now and again they would catch a glimpse of a pale woman, dressed in black, with thick dark eyebrows, crossing the courtyard to a servant’s house or a storehouse to give some order for moving the things. It was Merle, now mistress here no longer.

Old Lorentz D. Uthoug met his sister, the mighty lady of Bruseth, on the steps. She looked at him, and there was a gleam of derision in her narrowed eyes. But he drew himself up, and said as he passed her, “You’ve nothing to be afraid of. I’ve settled things so that I’m not bankrupt yet. And you shall have your share—in full.”

And he strode in, a broad-shouldered, upright figure, looking calmly at all men, that all might see he was not the man to be crushed by a reverse.

Late in the day the chestnut, Bijou, was put up for sale. He was led across the courtyard in a halter, and as he came he stopped for a moment, and threw up his head, and neighed, and from the stables the other horses neighed in answer. Was it a farewell? Did he remember the day, years ago, when he had come there first, dancing on his white-stockinged feet, full of youth and strength?

But by the woodshed there stood as usual a little grey old man, busy sawing and chopping, as if nothing at all was the matter. One master left, another took his place; one needed firewood, it seemed to him, as much as the other. And if they came and gave him notice—why, thank the Lord, he was stone deaf. Thud, thud, the sound of the axe went on.

A young man came driving up the hill, a florid-faced young man, with very blue eyes. He took off his overcoat in the passage, revealing a long black frock coat beneath and a large-patterned waistcoat. It was Uthoug junior, general agent for English tweeds. He had taken no part in his brother-in-law’s business affairs, and so he was able to help his father in this crisis.

But the auction at Loreng went on for several days.

[ [!-- H2 anchor --] ]