“I only wish I had some time”, said Hogarth, “I would invite you to dine upon the matter; but it is really so simple—everything at bottom is merely twice two are four. And you are not obliged to turn over Kimberley to me: only, in that case, as I have said, I shall be compelled to flood the market with diamonds as cheap as cat's-eyes—”

When De Beers stared, Hogarth shrugged, saying: “I suppose I must convince you—” and, unlocking a safe, he took out an écrin which contained three stones. De Beers appeared to see Titania peering in their fairy painting.

“Of stones of this water and carating”, said Hogarth, “we have two hundred and eleven in the Bank of England, two hundred and thirty-eight in other English and Continental banks, and seventy-five in safe-deposit. The carating of these three is 111-1/2; and in the sixties, such as this one”—he took a stone from among coppers in his pocket—“we have three hundred odd on hand, all flawless, and an equal number cutting. When I point out, what you know, that our mine is as yet without the delicate plant of Kimberley, the stones being simply picked from the blue-earth by three inexpert friends of the firm on the spot, you will recognize that the wealth of a mine can no further go....”

He was rid of the visitor within six minutes, and within three weeks, by knack and organization, had gathered into his hands most of the reins necessary to the control of the world's trade in diamonds.

In an outer room sat O'Hara, writing, reading Theocritus, or a little book on mediaeval embroidery, forefinger on cheek; and anon, absolutely without motive, he would rise, creep, and peep through a keyhole at Hogarth, then on stalking, bowing tiptoe, grinning a rancid grimace of stealth, get back to his seat, and read—the tutor falling over head and ears in love with his pupil: one of those passions that end tragically.

One day, as he so sat, the bell pinged, the door opened, and O'Hara jumped to find himself face to face with—Frankl, who had come to see the new diamond king, in the firm belief that Mr. Beech was none other than O'Hara; and, “I thought as much!” said he.

Sh-h-h”, went O'Hara bitterly—“for God's sake! he is in there—!”

“Who is?”

Hogarth!

“Well, but—”