"Indeed," Mrs. Porcher remarked. "This is rather unexpected, Mr. Iglesias."

"To me wholly unexpected," he answered, "and in some respects unwelcome; but it is unavoidable, unfortunately."

He bowed gravely to the two ladies and, ignoring the rest of the little company, went on his way upstairs. At the half-flight Smyth stood aside to let him pass; then, after a moment's hesitation, followed him.

"Mr. Iglesias," he said, "may I be permitted so far to presume upon our acquaintance as to remind you that you received a letter from me this morning requiring an answer?"

Dominic paused at the stair-head.

"Yes, I received it," he replied coldly.

"And you condescended to read it, so I venture to imagine, notwithstanding that you were summoned on important business to the City. We are all impressed by that interesting fact—vastly impressed by it, needless to state. I specially so, of course, since commerce in all its branches, as you know, commands my profoundest admiration and respect. Literature and art are but as garbage compared with it—no one ever recognised that gratifying truth more thoroughly than I do myself. Still, the shopkeeper—I beg your pardon, financier I should have said—is not wholly exempted, by the ideal character of his calling, from keeping his promises even to poor devils of scholars and literary men such as myself."

Smyth swaggered, his hands in his trouser pockets, his glance at once impertinent and malevolent, his manner easy to the point of insolence.

"I venture to remind you of my letter, therefore, and I may add I shall feel obliged if you'll just hand me over those notes without delay."

"I read your letter," Iglesias answered. "It required consideration."