He had been standing by the open door, looking out into the yard. Now he turned to look at her.

"What isn't true, Sarah?" he asked.

"That you've lost a lot of money in—in that—that business you went into. It isn't true, is it, Sears? Oh, I hope it isn't! They say—why, some of 'em say you've lost all the money you had put by. An awful sight of money, they say. Sears, tell me it isn't true—please."

He regarded her in silence for a moment. Then he shook his head.

"Part of it isn't true, Sarah," he answered, with a slight smile. "I haven't lost a big lot of money."

"Oh, I'm so glad. Now I can tell 'em a few things, I guess."

"I wouldn't tell 'em too much, because the other part is true. I have lost about all I had put by."

"Oh, Sears!"

"Um—hm. And served me right, of course. You can't make a silk ear out of a sow's purse, as old Cap'n Sam Doane used to love to say. You can't, no matter how good a purse—or—ear—it is. I was a pretty good sea cap'n if I do say it, but that wasn't any reason why I should have figured I was a good enough business man to back as slippery an eel as Jim Carpenter in the ship chandlery game ashore."

"But—you——" Mrs. Macomber hesitated to utter the disgraceful word, "you didn't fail up, did you, Sears?" she faltered. "You know that's what they say you did."