Thus it was that towards the close of the week in which Henry Dunbar, for the first time after his return from India, visited the banking-offices, Clement Austin handed a formal notice of resignation to Mr. Balderby. The cashier could not immediately resign his situation, but was compelled to give his employers a month's notice of the withdrawal of his services.

A thunderbolt falling upon the morocco-covered writing-table in Mr. Balderby's private parlour could scarcely have been more astonishing to the junior partner than this letter which Clement Austin handed him very quietly and very respectfully.

There were many reasons why Clement Austin should remain in the banking-house. His father had lived for thirty years, and had eventually died, in the employment of Dunbar and Dunbar. He had been a great favourite with the brothers; and Clement had been admitted into the house as a boy, and had received much notice from Percival. More than this, he had every chance of being admitted ere long to a junior partnership upon very easy terms, which junior partnership would of course be the high-road to a great fortune.

Mr. Balderby sat with the letter open in his hands, staring at the lines before him as if he was scarcely able to comprehend their purport.

"Do you mean this, Austin?" he said at last.

"Yes, sir. Circumstances over which I have no control compel me to offer you my resignation."

"Have you quarrelled with anybody in the office? Has anything occurred in the house that has made you uncomfortable?"

"No, indeed, Mr. Balderby; I am very comfortable in my position."

The junior partner leaned back in his chair, and stared at the cashier as if he had been trying to detect the traces of incipient insanity in the young man's countenance.

"You are comfortable in your position, and yet you—Oh! I suppose the real truth of the matter is, that you have heard of something better, and you are ready to give us the go-by in order to improve your own circumstances?" said Mr. Balderby, with a tone of pique; "though I really don't see how you can very well be better off anywhere than you are here," he added, thoughtfully.