"What stock, Lord Frank?" asked her ladyship, as she subsided languidly into a chair; "not Mexicans or Spanish passives, I do most fervently trust."

"No," said I, maliciously; "nearly all in Confederate and Greek loans."

"Oh!" she ejaculated, with a little scream, as if something had stung her.

"What is the matter, Lady Broadhem?" and she looked so unhappy and disconcerted that I had compassion on her. "I was only joking; you need be under no apprehension as to the securities—they are as sound as your own theology, and would satisfy the Lord Chancellor quite as well."

"Oh, it was not that! Perhaps some day when you and dear Ursula are married, I will tell you all about it; for you have my full consent; and I need not say what an escape I think she has had from that black man. Entre nous, as it is most important you should understand exactly the situation, I must correct one error into which you have fallen; she is not in love with you, Lord Frank; you must expect a little opposition at first; but that will only add zest to the pursuit, and my wishes will be paramount in the end. The fact is, but this is a profound secret, your friend Lord Grandon has behaved most improperly in the matter. He came down on some pretence of instilling his ridiculous notions into Broadhem, who took a fancy to him when we were all staying at Lady Mundane's, and I strongly opposed it, as I fancied, even then, he was paying Ursula too much attention; but she has such influence with Broadhem that she carried her point, because, she said, her brother could only get good from him. What exactly passed at Broadhem I don't know; but I was so angry at the idea of an almost penniless Irish peer taking advantage of his opportunities as a visitor to entrap my girl's affections, that I told him I expected some people, and should want his bedroom. He left within an hour, and Ursula declares he never uttered a word which warranted this decisive measure; but people can do a good deal without 'uttering,' as she calls it; and I am quite determined not to let them see anything of each other during the season. Fortunately Lord Grandon scarcely ever goes out, and Broadhem, whose eyes are opened at last, has promised to watch him. Whoever Ursula marries must do something for Broadhem."

Although I am able to record this speech word for word, I am quite unable to account for the curious psychological fact, that it has become engraven on my memory, while, at the time, I was unconscious of listening to it. The pattern of the carpet, a particular curl of Lady Broadhem's "front," the fact that the clock struck one, are all stamped upon the plate of my internal perceptive faculties with the vividness of a photograph. The vision of happiness which I had conjured up was changing into a hideous contrast, and reminded me of the Diorama at the Colosseum in my youth, where a fairy landscape, with a pastoral group at lunch in the foreground, became gradually converted into a pandemonium of flames and devils.

I felt borne along by a mighty torrent which was sweeping me from elysian fields into some fathomless abyss. Love and friendship both coming down together in one mighty crash, and the only thing left standing—Lady Broadhem—right in front of me—a very stern reality indeed. I don't the least know the length of time which elapsed between the end of her speech and when I returned to consciousness—probably not many seconds, though it seemed an age. I gasped for breath, so she kindly came to my relief.

"My dear Lord Frank," she said, "after all it might have been worse. Supposing that Lord Grandon had not been your friend, or had not had the absurd Quixotic ideas which I understand he has of the duties of friendship, he might have given you immense trouble; as it is, I am sure he has only to know the exact state of the case to retire. I know him quite well enough for that. I look upon it as providential. Had it been Mr Chundango, Grandon would most probably have persevered. Now he is quite capable of doing all he can to help you with Ursula."

I groaned in spirit. How well had Lady Broadhem judged the character of the man to whom she would not give her daughter!

"I am so glad to think, Lady Broadhem," said I, with a bitter laugh, "that you do not suspect me of such a ridiculous exaggeration of sentiment. So far from it, it seems to impart a peculiar piquancy to the pursuit when success is only possible at the sacrifice of another's happiness; and when that other is one's oldest friend, there is a refinement of emotion, a sort of pleasurable pain, which is quite irresistible. To what element in our nature do you attribute this?"