"Not always,—but surely most often," he answered. "At any rate, I wish to believe in the simplicity and goodness of all young things."

She was silent. Helmsley studied her thoughtfully,—even critically. And presently he came to the conclusion that as a child she had been much prettier than she now was as a woman. Yet her present phase of loveliness was of the loveliest type. No fault could be found with the perfect oval of her face, her delicate white-rose skin, her small seductive mouth, curved in the approved line of the "Cupid's bow," her deep, soft, bright eyes, fringed with long-lashes a shade darker than the curling waves of her abundant brown hair. But her features in childhood had expressed something more than the beauty which had developed with the passing of years. A sweet affection, a tender earnestness, and an almost heavenly candour had made the attractiveness of her earlier age quite irresistible, but now—or so Helmsley fancied—that fine and subtle charm had gone. He was half ashamed of himself for allowing this thought to enter his mind, and quickly dismissing it, he said—

"How did your presentation go off last night? Was it a full Court?"

"I believe so," she replied listlessly, unfurling a painted fan and waving it idly to and fro—"I cannot say that I found it very interesting. The whole thing bored me dreadfully."

He smiled.

"Bored you! Is it possible to be bored at twenty-one?"

"I think every one, young or old, is bored more or less nowadays," she said. "Boredom is a kind of microbe in the air. Most society functions are deadly dull. And where's the fun of being presented at Court? If a woman wears a pretty gown, all the other women try to tread on it and tear it off her back if they can. And the Royal people only speak to their own special 'set,' and not always the best-looking or best-mannered set either."

Helmsley looked amused.

"Well, it's what is called an entrée into the world,"—he replied. "For my own part, I have never been 'presented,' and never intend to be. I see too much of Royalty privately, in the dens of finance."

"Yes—all the kings and princes wanting to borrow money," she said quickly and flippantly. "And you must despise the lot. You are a real 'King,' bigger than any crowned head, because you can do just as you like, and you are not the servant of Governments or peoples. I am sure you must be the happiest man in the world!"