"Oh, almost none, Uncle John. She has had a very, very hard time; and since her father died last year—she seems to have no other relations—she has supported herself entirely. Oh, this is a kind thing of Mrs. Peyton; and I understand just how she feels and why she wants to do it. Aren't the jewels worth a good deal, Uncle John?"

"Guess how much, little girl!"

"How can I? Perhaps as much as a thousand dollars? Oh, Uncle John!"

"Perhaps, Margaret; my child, Tiffany's head man thinks,—he could not price them all exactly,—but, roughly speaking, he thinks—that this collection is worth—fifty thousand dollars. Grace is, comparatively speaking, a rich woman."

Margaret stood speechless, in utter amazement. At this moment there was a sound, as of a book falling to the ground, and a smothered exclamation. Both started and looked round, as Hugh Montfort rose from the corner where he had been seated and came slowly forward. He was very pale, and seemed to bear more heavily on his stick than usual.

"You knew I was here, Margaret?" he said, with a look that tried to be unconcerned. "I trust I have not overheard anything that I should not. I was writing, and thought you saw me when you came in."

"No secrets, my boy, no secrets!" said Mr. Montfort, heartily. "You heard this great piece of news about our little friend, did you? She does not know it herself yet; Margaret must tell her. Margaret, you have deserved this pleasure, my dear, and I rejoice in making it over to you."

The good man was glowing with pleasure and good will; but for once he met no response from Hugh, who, pale and gloomy, stared before him as if he had seen a ghost.

"My dear fellow," cried Mr. Montfort, changing his tone at once, "you are not well. How pale you are! or—you have had no bad news, Hugh? Nobody ill at home, eh? Your father—"

"No, no, sir, all well! Father is in perfect trim; I have just been reading a letter from him, Uncle John; you must hear it, sometime when you are not busy. Don't look at me like that, Margaret! I—my head aches a little, if I must confess. Did you never see any one with a headache before?"