'JOHN LARCOM.'

Just as grave Mr. Larcom had ended the perusal of this bulletin, he heard a light step on the stair, at the end of the passage, which made his manly heart jump unpleasantly within his fat ribs. He thrust the unfolded letter roughly into the very depths of his breeches pocket, and blew out both candles; and then listened, as still as a mouse.

What frightened him was the certainty that the step, which he well knew, was Stanley Lake's. And Stanley being a wideawake and violent person, and his measures sharp and reckless, Mr. Larcom cherished a nervous respect for him.

He listened; the captain's step came lightly to the foot of the stairs, and paused. Mr. Larcom prepared to be fast asleep in the chair, in the event of the captain's making a sudden advance, and entering his sanctum. But this movement was not executed.

There was a small door at the foot of the stairs. It shut with a spring lock, of which Captain Lake had a latch-key. Mr. Larcom accidentally had another—a cylindrical bit of steel, with a hinge in the end of it, and a few queer wards.

Now, of this little door he heard the two iron bolts stealthily drawn, and then the handle of the spring lock turned, and the door cautiously opened, and as gently closed.

Mr. Larcom's fears now naturally subsided, and curiosity as naturally supervened. He drew near his window; and it was well he had extinguished his lights, for as he did so, Captain Lake's light figure, in a gray paletot and cloth cap, glided by like a spirit in the faint moonlight.

This phenomenon excited the profoundest interest in the corresponding friend of the family, who, fumbling his letter between his finger and thumb in his breeches' pocket, standing on tip-toe, with mouth agape, and his head against the shutter, followed the receding figure with a greedy stare.

Mr. Larcom had no theory whatsoever to account for this procedure on the part of his master. It must be something very extraordinary, and well worth investigating—of course, for the benefit of the family—which could have evoked the apparition which had just crossed his window. With his eyes close to the window pane, he saw his master glide swiftly along the short terrace which covers this side of the house, and disappear down the steps, like a spectre sinking into the earth.

It is a meeting, thought Mr. Larcom, taking courage, for he already felt something of the confidence and superiority of possessing a secret; and as quickly as might be, the trustworthy man, with his latch-key in his pocket, softly opened the portal through which the object of his anxiety had just emerged, closed the door behind him, and stood listening intently in the recess of the entrance, where he heard the now more careless step of the captain, treading, as he thought, the broad yew-walk, which turns at a right angle at the foot of the terrace step. The black yew hedge was a perfect screen.