"And now about this Ullerton business," Mr. Sheldon began, when the wine and soda-water had been brought, and a tall tumbler of that refreshing compound filled for the Captain; "you have really managed matters admirably. I cannot too much applaud your diplomatic tact. You would have put a what's-his-name—that fellow of Napoleon's—to the blush by your management of the whole business. But, unfortunately, when it's all done it comes to nothing; the whole affair is evidently, from beginning to end, a mare's-nest. It is one of those wild geese which my brother George has been chasing for the last ten years, and which never have resulted in profit to him or anybody else; and I should be something worse than a fool if I were to lend myself any longer to such a folly."

"Humph," muttered the Captain, "here is a change indeed!"

"Well, yes," Mr. Sheldon answered coolly. "I dare say my conduct does seem rather capricious; but you see George put me out of temper the other day, and I was determined, if he had got a good thing, to cut the ground from under his feet. All your communications from Ullerton tend to show me that he has not got hold of a good thing, and that in any attempt to circumvent him I should only be circumventing myself, wasting your time, and my own money. This Judson family seems numberless; and it is evident to me that the Reverend John Haygarth's fortune will be a bone of contention amongst the Judsons in the High Court of Chancery for any indefinite number of years between this and the milennium. So I really think, my dear Paget, we'd better consider this transaction finished. I will give you whatever honorarium you think fit to name for your trouble, and we'll close the affair. I shall find plenty more business as good, or better, for you to do."

"You are very good," replied the Captain, in nowise satisfied by this promise. It was all too smooth, too conciliatory. And there was a suddenness in this change of plan that was altogether mysterious. So indeed might a capricious man be expected to drop a speculation he had been eager to inaugurate, but Philip Sheldon was the last of men to be suspected of caprice.

"You must have taken an immense deal of trouble with those extracts, now," said the stockbroker carelessly, as Horatio rose to depart, offended and angry, but anxious to conceal his anger. "What, are you off so soon? I thought you would stop and take a chop with us."

"No, thanks; I have an engagement elsewhere. Yes, I took an inordinate trouble with those extracts, and I am sorry to think they should be useless."

"Well, yes, it is rather provoking to you, I dare say. The extracts would be very interesting from a social point of view, no doubt, to people who care about such things; but in a legal sense they are waste-paper. I can't understand why Hawkehurst was in Ullerton; for, as you yourself suggested, that Peter Judson who went to India must be the Judson wanted for this case."

"Your brother may be in league with some other branch of the Judson family. Or what if he is hunting for an heir on the Haygarth side?" asked the Captain, with a very close watch upon Mr. Sheldon's face. Let the stockbroker be never so skilful a navigator of the high seas of life, there was no undercurrent, no cross trade-wind, no unexplained veering of the magnetic needle to the west, in the mysteries whereof the Captain was not also versed. When Columbus wanted to keep his sailors quiet on that wondrous voyage over an unknown ocean to the Western world, the diplomatic admiral made so bold as to underrate the length of each day's sail in an unveracious log, which he kept for the inspection of his crew; but no doctoring of the social log-book could mislead the acute Horatio.

"How about the Haygarth side of the house?" he asked again; for it had seemed to him that at his first mention of the name of Haygarth Mr. Sheldon had winced, ever so little. This time, however, he betrayed not the faintest concern; but he was doubtless now on his guard.

"Well, I don't see how there can be any claimant on that side of the house," he said carelessly. "You see, according to your old landlord's statement—which I take to be correct—Jonathan Haygarth had but one son, a certain Matthew, who married one Rebecca So-and-so, and had, in his turn one only son, the intestate John. Now, in that case, where is your heir to come from, except through Matthew's sister Ruth, who married Peter Judson?"