CHIEFLY RETROSPECTIVE.

Captain Paget went his way to Rouen in a placid but not an exulting mood, after parting with his young friend Valentine Hawkehurst at the London Bridge terminus of the Brighton line. He was setting out upon an adventure wild and impracticable as the quest of Jason and his Argonauts; and this gallant captain was a carpet-knight, sufficiently adventurous and audacious in the diplomatic crusades of society, but in nowise eager to hazard his life on tented field and in thick press of war. If the Fates had allowed the accomplished Horatio to choose his own destiny, he would have elected to live in the immediate neighbourhood of St. James's Street, from the first day to the last of the London season, and to dine artistically and discreetly at one of those older and more exclusive clubs dear and familiar to him from the bright years of his youth. He was by nature a flâneur, a gossip, a lover of expensive luxuries and frivolous pleasures. He was not only incapable of a high thought himself, but was an unbeliever in the possibility of high thoughts or noble principles in the world he lived in. He measured the universe by that narrow scrap of tape which was the span of his own littleness. To him Cæsar was an imperial brigand, Cicero a hypocritical agitator. To him all great warriors were greedy time-servers like John Churchill; all statesmen plausible placemen; all reformers self-seeking pretenders. Nor did Captain Paget wish that it should be otherwise. In his ideal republic, unselfishness and earnestness would have rendered a man rather a nuisance than otherwise. With the vices of his fellow-men the diplomatic Horatio was fully competent to deal; but some of his most subtle combinations on the chess-board of life would have been checkmated by an unexpected encounter with intractable virtue.

The necessity of living was the paramount consideration to which this gentleman had given his mind from the time when he found himself a popular subaltern in a crack regiment, admired for his easy manners and good looks, respected by meaner men for his good blood, and rich in everything except that vulgar dross without which the life of West-end London is so hollow a delusion, so bitter a comedy of mean shifts and lying devices.

That freebooter of civilization, the man who lives by his wits, is subject to strange fluctuations from prosperity to adversity. He is the miner or gold-digger of civilized life; and as there are times when his pickaxe strikes suddenly on a rich lode, so there are dreary intervals in which his spade turns up nothing but valueless clay, and the end of each day's work leaves him with no better evidence of his wasted labour than the aching limbs which he drags at nightfall to his dismal shanty.

For some months Captain Paget had found Philip Sheldon a very useful acquaintance. The stockbroker had been the secret inaugurator of two or three joint-stock companies, though figuring to the outer world only as director; and in the getting-up of these companies Horatio had been a useful instrument, and had received liberal payment for his labours. Unhappily, so serene an occupation as promoting cannot go on for ever; or rather, cannot remain for ever in the same hands. The human mind is naturally imitative, and the plagiarisms of commerce are infinitely more audacious than the small larcenies of literature. The joint-stock company market became day by day more crowded. No sooner did Philip Sheldon float the Non-destructive Laundry Company, the admirable organization of which would offer a guarantee against the use of chloride of lime and other destructive agencies in the wash-tub, than a rival power launched a colourable imitation thereof, in the Union-is-Strength Domestic Lavatory Company, with a professor of chemistry specially retained as inspector of wash-tubs. Thus it was that, after the profitable ripening of three such schemes, Mr. Sheldon deemed it advisable to retire from the field, and await a fitter time for the further exercise of his commercial genius.

Captain Paget's relations with the stockbroker did not, however, terminate with the cessation of his labours as secretary, jack-of-all-trades, and promoter. Having found him, so far, clever, and to all appearance trustworthy—and this was an important point, for no man so much needs honourable service as a rogue—Philip Sheldon determined upon confiding to Horatio the conduct of a more delicate business than anything purely commercial. After that discovery of the telegraphic message sent by his brother George to Valentine Hawkehurst, and the further discovery of the advertisement relating to the unclaimed wealth of the lately deceased John Haygarth, Mr. Sheldon lost no time in organizing his plans for his own aggrandizement at the expense of his brother.

"George refused to let me in for a share of chances when I showed myself willing to help him," thought Philip. "He may discover by-and-by that I have contrived to let myself into his secrets; and that he might have played a better game by consenting to a partnership."

A life devoted to his own interests, and a consistent habit of selfishness, had rendered Mr. Sheldon, of the Lawn, Bayswater, and Stags Court, City, very quick of apprehension in all matters connected, immediately or remotely, with the making of money. The broken sentences of the telegram betrayed by the blotting-pad told him a great deal. They told him that there was a certain Goodge, in the town of Ullerton, who possessed letters so valuable to George Sheldon, as to be bought by his agent Valentine Hawkehurst. Letters for which Sheldon was willing to give money must needs be of considerable importance, since money was a very scarce commodity with that hunter of unconscious heirs-at-law. Again, a transaction which required the use of so expensive a medium as the electric telegraph rather than the penny post, might be fairly supposed a transaction of some moment. The letters in question might relate to some other estate than that of John Haygarth, for it was quite possible that the schemer of Gray's Inn had other irons in the fire. But this was a question of no moment to Philip Sheldon.

If the letters—or the information contained therein—were likely to be useful to George, they might be useful to him. If George found it worth his while to employ an agent at Ullerton, why should not he (Philip) have his agent in the same town? The pecuniary risk, which might be a serious affair to George, was child's play for Philip, who had always plenty of money, or, at any rate, the command of money. The whole business of heir-at-law hunting seemed to the stockbroker a very vague and shadowy piece of work, as compared to the kind of speculation that was familiar to him; but he knew that men had made money in such a manner, and any business by which money could be made, was interesting to him. Beyond this, the notion of cutting the ground from under his brother's feet had a certain attraction for him. George's manner to him had been somewhat offensive to him on more than one occasion since—well, since Tom Halliday's death. Mr. Sheldon had borne that offensiveness in mind, with the determination to "take it out of" his brother on the earliest opportunity.

It seemed as if the opportunity had arrived, and Philip was not one of those men who wait shivering on the shore when Fortune's tide is at the flood. Mr. Sheldon launched his bark upon the rising waters, and within two hours of his discovery in the telegraph-office was closeted with Horatio Paget in the little parlour in Omega Street, making arrangements for the Captain's journey to Ullerton.