CHAPTER III.

TOO CLEVER, FOR A CATSPAW.

Captain Paget returned to town, mystified by that sudden summons from his patron, and eager to know what new aspect of affairs rendered his further presence in Ullerton useless or undesirable.

Horatio arrived in the great city half-a-dozen hours before his sometime protégé, and was comfortably installed when Valentine returned to those lodgings in Omega Street, Chelsea, which the two men occupied in common.

Captain Paget went into the City to see Philip Sheldon on the day of his return, but did not succeed in finding the stockbroker. The evening's post brought him a letter from Philip, appointing an interview at Bayswater, at three o'clock on the following day—the day after Valentine's return from Ullerton.

Punctual to the moment appointed by this letter, Captain Paget appeared at the Lawn on the following day. He was ushered into Mr. Sheldon's study, where he found that gentleman awaiting him, grave and meditative of mood, but friendly, and indeed cordial, in his manner to the returning traveller.

"My dear Paget, sit down; I am delighted to see you. Your trip has made you look five years younger, by Jove! I was sorry to find you had called while I was out, and had waited for me upwards of an hour yesterday. I have a good deal of worry on my shoulders just now; commerce is all worry, you know. The Marquis of Lambeth has come into the market and bought up two-thirds of the Astrakhan Grand Trunk debenture bonds, just as our house had speculated for the fall. And since it has got wind that the Marquis is sweet upon the concern, the bonds are going up like a skyrocket. Such is life. I thought we had better have our little talk here; it's quieter than in the City. Have some sherry and soda; you like that Manzanilla of mine, I know."

And the hospitable Philip rang the bell, without thinking it necessary to wait for his guest's answer.

There was a cordiality, a conciliating friendliness about the stockbroker's manner which Horatio Paget did not like.

"He's too civil by half," the Captain said to himself; "he means to do me."