"A five-pound ring!" said Philip, with an air of contempt. "I am almost ashamed to see it on your finger."

"A five-pound ring!" exclaimed Dora,—"a priceless ring! Do you remember—ah, I do!—how for many weeks you put away ten shillings a week so as to be able to buy it for me on my birthday? A five-pound ring, indeed! Not for the Koh-i-nûr would I exchange it," she added, as she kissed the little ring passionately. "To me the real value of a jewel is the love it represents in the giver, and no rich gems could be richer in that sense than this dear little ring."

Philip felt deeply moved and almost humiliated. He tenderly kissed Dora, and resumed painting. Dora thought she was gaining her cause, and went on pleading—

"Ah, Philip," she said, "the rich don't know the pleasures they miss, the sweetest pleasures of poverty. Their gifts cost them no sacrifice. They don't possess their wealth, it is their wealth that possesses them. They have not the satisfaction of knowing that they are loved for their own sake. I would not give one year of my life for ten years of a millionaire's life. Why, they don't even have the proof that they are honest. They have no temptations. I would shudder at the idea that I might be rich one day."

"Well," said Philip sarcastically, "I think I could bear it with fortitude. My darling, the philosophers of all ages have taught that money does not make happiness; but sensible men of all times have come to the conclusion that it considerably helps to make it. I want money for no sordid reason. Money is round, it was meant to roll, and I mean to enjoy it."

"No, dear," replied Dora reproachfully and pathetically, "money is flat, it was meant to stop and be piled up a little. And, by the way, do you know that you have made over a thousand pounds this year, and that we have kept very nearly half of it? You see I am of some use after all. The financial position is good, since the Chancellor of the Exchequer has only spent half his budget. We are rich, since we don't want all we have."

"Yes, you are a dear, lovely little housewife," said Philip rather coldly and without raising his eyes from the canvas.

Dora was susceptible. She felt a little wounded.

"Am I?" she said. "Perhaps you will say I am a good little bourgeoise. Possibly! But I will tell you this: happy as I am now, I am not sure that I was not happier still when we were quite poor, pulling, struggling together, hand in hand. I have never dreaded poverty; on the contrary, I have enjoyed it, loved it by your side. To poverty I owe the happiest days of my life. Do you remember, for instance, how we enjoyed the play when, once a month, obscure, unknown to everybody, we went to the upper circle? Wasn't it lovely? And how we often yawn now, once a week, in the stalls!"

"Yes," said Philip, "and how we made the dinner shorter, so as to be able to afford the price of two seats in that upper circle?"