Mr. Hurd glanced at Jessamy. "Yes," he said; "but it is not easy. I heard the definite news last night in Wall Street; rumors had been afloat for days. I wanted to give you one more night of untroubled sleep. It will be in the papers this evening."

"What will, Mr. Hurd?" burst out Barbara, impatiently.

"The failure of the Wyndham Iron Company."

There was dead silence in the room, broken only by the low-toned little French clock striking ten times.

"The company—failed?" whispered Mrs. Wyndham, trying to find her voice.

"What does that mean, Mr. Hurd?" asked Phyllis.

"It means that your mother's bonds and stocks are valueless; and as she holds everything in her own right and has kept all that your father left in the business, it means that your inheritance has been wiped out of existence," said the lawyer, not discriminating between the daughters and the niece in his excitement.

"How can it be—total ruin?" asked poor Mrs. Wyndham. "Henry gone but seven years, and such a splendid success as he left the company! How can it have failed? I don't believe it!" she cried, starting to her feet with sudden strength.

"Dear Mrs. Wyndham, it is too certain," said her husband's old friend and attorney, gently. "When they refused to open up the books for inspection, and you would not authorize me to take steps to compel them to do so, I knew this would come."

"Mr. Abbott—" began Mrs. Wyndham.