"It is a very pretty piece of work," the first man said, taking the pendant in his hand, and looking over it with a fine assumption of carelessness; "family initials, I suppose, in this twisted monogram?"

"I suppose so. I cannot give you any history of the pendant; I don't know its history myself. It came to me from my mother." Christina gave this piece of gratuitous information, feeling uneasily that it might be supposed she had stolen the beautiful piece of jewellery; and, with the thought, all the old associations that were interwoven with it swept into her mind, and almost choked further utterance.

"A.V.C.," the young man said slowly, deciphering the monogram, which, in exquisitely-chased gold, surmounted the pendant itself. This latter consisted of an emerald, remarkably vivid in colour, and set in the same finely-chased gold as that which formed the monogram. "A.V.C. would have been some ancestor of yours, no doubt?" he asked jocularly, and with another wink at his companion.

"I don't know," Christina repeated; "as I tell you, I know nothing of the jewel's history. I believe it to be a genuine emerald, and I am sure it is very valuable."

Both men simultaneously shrugged their shoulders and laughed, odious, deprecating laughs.

"My dear young lady," said Franks, who seemed to occupy a position superior to the other, "someone has been, as we say, 'getting at' you, if they told you this was a genuine emerald. Why! if it was an emerald, a real emerald, mind you, it would be worth"—and he raised his eyes to the ceiling, and lifted up his hands, as if to demonstrate the magnitude of a sum he could not mention in spoken language.

"It is a real emerald, and it is worth a great deal," Christina said firmly, "but if you do not care to advance me what it is worth, I will take it away," and she put out her hand for the pendant, from which the gleams of light flashed brilliantly.

"Now look here," said Mr. Franks persuasively, "you believe me, missy; this is no more an emerald than I am, but it is a nice little bit of paste, and the gold is well worked. I'm taking a good bit upon myself in making the suggestion, and goodness knows what the boss will say to me when he comes home. But I'll take it off your hands for five pounds. There!" he ended triumphantly, as though convinced that the generosity must be a delicious surprise for his hearer.

"Five—pounds!"—Christina's voice rang with indignation—"five pounds for what you know as well as I do is worth twenty times that amount."

Franks laughed contemptuously, and began putting the ornament back into its box with elaborate care.