It was not that Peggy was acting to deceive him or any one else. She had almost tragically little ability for playing any part that was not essentially straightforward and truthful. But, after she had gone to bed, in thinking over what Howard Brent had told her, Peggy had become more convinced than ever that he had in some way made a mistake. She simply did not believe that Ralph Marshall could have made a wager in regard to winning her friendship. Whatever weaknesses of character he might possess, he had always been well bred.

Perhaps Peggy had old-fashioned ideas. There was a kind of simplicity about her which made her seem younger than she actually was. But she had gotten some of these ideas from her father, who had the old-time courtesy and respect for women, in spite of the fact that he belonged to the new generation. Peggy knew that he felt a man should never talk of a woman with other men in any way that would reflect upon her, however little he might respect or like the woman.

Just for a moment it flashed through Peggy’s mind to reflect how angry her father would be, if he ever learned that two young men had actually made a bet concerning her—and one through which her dignity and self-respect must suffer. Then she put the thought away from her as unworthy of consideration.

During the first part of their walk, Peggy made no reference to the reason she had had for having asked Ralph to come over to see her so soon after their farewell the evening before. Indeed, she had almost forgotten the reason herself, although always the consciousness of it was lurking at the back of her brain.

But she and Ralph enjoyed walking together. There never was a lovelier place than among these tall pine forests with the trails cut between the trees, and leading into unexpected and open vistas.

Ralph had a charming voice and, when he and Peggy were walking in single file and not talking, he sang for her amusement. He seemed to have been to every light opera that had been produced in the last five years, and knew at least one or two songs from each of them. As Peggy lived in the country and had heard but few, she was greatly entertained.

It was Ralph who finally suggested that they rest.

But it was Peggy who chose the somewhat extraordinary place.

There was a particularly large pine tree at the edge of an open space. It had long branches which swung out, like comfortable hammocks, not far above the ground.

Peggy climbed into one of them and sat with her feet curled up under her in an odd fashion, with her back resting against the trunk of the tree.