"Do the moneyed swells bite?" asked Mr. Hawkehurst, with friendly interest.

"Rather slowly, my dear Val, rather slowly. The mercantile fisheries have been pretty well whipped of late years, and the fish are artful—they are uncommonly artful, Val. Indeed, I'm not quite clear at this present moment as to the kind of fly they'll rise to most readily. I'm half inclined to be doubtful whether your gaudy pheasant-feather, your brougham and lavender-kid business is the right thing for your angler. It has been overdone, Val, considerably overdone; and I shouldn't wonder if a sober little brown fly—a shabby old chap in a rusty greatcoat, with a cotton umbrella under his arm—wouldn't do the trick better. That sort of thing would look rich, you see, Val—rich and eccentric; and I think on occasions—with a very downy bird—I'd even go so far as a halfp'orth of snuff in a screw of paper. I really think a pinch of snuff out of a bit of paper, taken at the right moment, might turn the tide of a transaction."

Impressed by the brilliancy of this idea, Captain Paget abandoned himself for the moment to profound meditation, seated in his favourite chair, and with his legs extended before the cheerful blaze. He always had a favourite chair in every caravanserai wherein he rested in his manifold wanderings, and he had an unerring instinct which guided him in the selection of the most comfortable chair, and that one corner, to be found in every room, which is a sanctuary secure from the incursions of Boreas.

The day just ended had evidently not been a lucky one, and the Captain's gaze was darkly meditative as he looked into the ruddy little fire.

"I think I'll take a glass of cold water with a dash of brandy in it, Val," he said presently; and he said it with the air of a man who rarely tasted such a beverage; whereas it was as habitual with him to sit sipping brandy-and-water for an hour or so before he went to bed as it was for him to light his chamber candle. "That fellow Sheldon knows how to take care of himself," he remarked thoughtfully, when Valentine had procured the brandy-and-water. "Try some of that cognac, Val; it's not bad. To tell you the truth, I'm beginning to get sick of this promoting business. It pays very little better than the India-rubber agency, and it's harder work. I shall look about me for something fresh, if Sheldon doesn't treat me handsomely. And what have you been doing for the last day or two?" asked the Captain, with a searching glance at his protégé's face. "You're always hanging about Sheldon's place; but you don't seem to do much business with him. You and his brother George seem uncommonly thick."

"Yes, George suits me better than the stockbroker. I never could get on very well with your ultra-respectable men. I'm as ready to 'undertake a dirty job' as any man; but I don't like a fellow to offer me dirty work and pretend it's clean."

"Ah, he's been getting you to do a little of the bear business, I suppose," said the Captain. "I don't see that your conscience need trouble you about that. Amongst a commercial people money must change hands. I can't see that it much matters how the change takes place."

"No, to be sure; that's a comfortable way of putting it, at any rate. However, I'm tired of going about in the ursine guise, and I'm going to cut it. I've an old aunt settled at Dorking who has got a little bit of money to leave, and I think I'll go and look her up."

"An aunt at Dorking! I never heard of her before."

"O yes you have," answered Mr. Hawkehurst, with supreme nonchalance; "you've heard of her often enough, only you've a happy knack of not listening to other people's affairs. But you must have been wrapped up in yourself with a vengeance if you don't remember to have heard me speak of my aunt—Sarah."