"Well, gentlemen," began the president, "what do you say to a bumper to the health of our new guest?"

"Hear, hear!" cried the guests, unanimously.

Each filled up his glass from the punch-bowl, and our artist's health was drunk with cheers, to which he responded in a short and modest speech. (Applause.)

"And now, Mr. Hardcase," said the chairman, after the formalities were gone through, "I think it was arranged that you should tell the first story. I hope you have one ready. I am anxious for my young friend to hear a specimen of our far-famed recitals. In this club," said Mr. Oldstone, addressing the artist, "we always esteem those stories the highest that are true, and especially if they are facts coming under the experience of the relater. What sort of story may we expect from you to-night, Mr. Hardcase?"

"The story I intended to start the club with to-night is one that I myself took part in in my younger days, and which, although I never related to any of the club before, I have been upon the point of relating a hundred times, when I have been invariably interrupted by someone else who had some other tale to relate. The story I have in store for you this evening, gentlemen, I propose to entitle 'The Phantom Flea.'"

"Ha, Bravo!" laughed the guests. "The Phantom Flea! Ha! ha! ha!"

"I assure you, gentlemen," said the lawyer, gravely, "that the narrative I am about to relate is not one to provoke mirth. It is of a solemn character, I can promise you. No one felt less inclined to laugh than I did when I was reluctantly compelled to take part in this tragedy. Though by no means a timid man, I, nevertheless, experienced a sort of cold shiver all down my back when——"

"Exactly so," said the doctor.

"And each particular hair to stand on end like quills upon the fretful porcupine," quoted Mr. Blackdeed, the tragedian.

"Belay that," roared Captain Toughyarn, from the depths of his stentorian lungs, "and make room on board for the 'Phantom Flea.'"