"Oh, well"--Billy had always hated statistics--"we sold the Belvedere Bay place last year, you know, but it was a perfect wreck, and the Moultons said they had to put seventeen thousand dollars into repairs, but I don't believe it, and that money, and some other things, were put into the bank. Joe was just making a scene about it--we have to draw now and then--we sank I don't know what into those awful ponies, and we still have that place--it's a lovely house, but it doesn't rent. It's too far away. The kid adores it of course, but it's too far away, it gives me the creeps. It's just going to wreck, too. Joe says sometimes that he's going to raise chickens there. I see him!" Billy scowled, but as Rachael did not speak, she presently came back to the topic. "But just how much of my money is left, I don't know. There are two houses in East One Hundredth--way over by the river. Daddy took them for some sort of debt."

Rachael remembered them perfectly. But she could not revert to the days when she was Clarence's wife without a pang, and so let the allusion go.

"Why he took them I don't know," Billy resumed, "ten flats, and all empty. They say it would cost us ten thousand dollars to get them into shape. They're mortgaged, anyway."

"But Billy, wouldn't that bring you in a fair income, in itself, if it was once filled?"

"My dear, perhaps it would. But do you think you could get Joe Pickering to do it? As long as the money in the bank lasts--I forget what it is, several thousand, more than twenty, I think--we'll go along as we are. Joe has a half-interest in a patent, anyway, some sort of curtain-pole; it's always going to make us a fortune!"

"But, Billy, if you and the boy took a little place somewhere, and you had one good maid--up there on the pony farm, for instance--surely it would be saner, surely it would be wiser, than trying to think of the stage now with him on your hands!"

"Except that I would simply die!" Billy said. "I love the city, and the excitement of not knowing what will turn up. And if Joe would behave himself, and if I should make a hit, why, we'll be all right."

A queer, hectic, unsatisfying life it must be, Rachael thought, saying good-bye to her guest a day or two later. Dressing, rouging, lacing, pinning on her outrageously expensive hats, jerking on her extravagant white gloves, drinking, rushing, screaming with laughter, screaming with anger, Billy was one of that large class of women that the big city breeds, and that cannot live elsewhere than in the big city. She would ride in a thousand taxicabs, worrying as she watched the metre; she would drink a thousand glasses of champagne, wondering anxiously if Joe were to pay for it; she would gossip of a dozen successful actresses without the self-control to work for one-tenth of their success, and she would move through all the life of the theatres and hotels without ever having her place among them, and her share of their little glory. And almost as reckless in action as she was in speech, she would cling to the brink of the conventions, never quite a good woman, never quite anything else, a fond and loyal if a foolish and selfish mother, some day noisily informing her admirers that she actually had a boy in college, and enjoying their flattering disbelief. And so would disappear the last of the handsome fortune that poor Clarence's father had bequeathed to him, and Clarence's grandson must fight his way with no better start than his grandfather had had financially, and with an infinitely less useful brain and less reliable pair of hands. Billy might be widowed or freed in some less unexceptionable way, and then Billy would marry again, and it would be a queer marriage; Rachael could read her fate in her character.

She wondered, walking slowly the short mile that lay between her house and the station, when Billy was gone, just how a discerning eye might read her own fate in her own character. Just what did the confused mixture of good motives and bad motives, erratic unselfishnesses and even more erratic weaknesses that was Rachael, deserve of Fate? She had bought some knowledge, but it had been dearly bought; she had bought some goodness, but at what a cost of pain!

"I don't believe that Warren ever did one-tenth the silly things we suspected him of!" Alice exclaimed one day. "I believe he was just an utter fool, and Magsie took advantage of it!"