Either her uncle had deceived her or her father was lying; and she knew that her uncle had told the truth. The situation cleared for her slowly. His request for a continuation of the trusteeship veiled his wish to keep her affairs in his own hands, without a break. It was a clever plan and in an impersonal way she admired his audacity.

“You understand,” her father continued, “that the personal property—that means stocks, bonds and so on—was to be sold and the proceeds reinvested as I saw fit. It was necessary to change most of it—I had no option in the matter. Your grandfather, Zee, had been one of the early railroad builders in this part of the country, and the original small independent lines have all been merged into great systems. It should be a matter of pride to you that your grandfather was a man so far-seeing and progressive. But now, his children and their children derive the benefit. I recall,”—he dropped his paper and looked at Zelda with a reminiscential air—“I recall that a representative in Congress from our state was defeated for reëlection back in the forties for voting an appropriation to aid Morse in his experiments with the telegraph. They charged him with wasting the people’s money. But times change, and men change with them!”

He sighed, and the thin leaves of his copy of the will rustled in his fingers as he sought the place where he had dropped his reading. He lingered over the words that described the nature of the trust. They were very sweet to him, because they were at once a justification of himself and a refutation of the slanders of his wife’s family. He knew, too, that they gave emphasis to the suggestion that he was now making to Zelda, that she renew the trusteeship. He wished to put this as much as possible in the light of a favor to the girl.

“I am very sorry that my friend and counsel, Mr. Carr, is absent, as I should like to have him prepare the new deed of trust. He is a man of the highest probity. He is the ablest lawyer at our bar. You understand that.”

“Yes; I know that he is a very able man.”

His joy in the knowledge that Michael Carr was far away in Italy at this moment did not compensate for his anxiety at Zelda’s seeming indifference. But he must not falter; he could not afford to lose now. He continued with increasing deliberation.

“In Mr. Carr’s absence I have not thought it wise to take another attorney into our confidence. I have prepared a deed of trust myself. I copied from some of the best models. Such deeds are rather common nowadays and I have consulted a number, the work of sound lawyers, that are on record in our county offices. I have enumerated all the property that is set forth in your mother’s will, with the difference that I have given proper designations to items that have changed in the natural course of things. Shall I read the deed?”

“Yes, please,” said Zelda. “I should like to hear it.”

He had, as he said, copied the form of a trust deed that was well-known among local lawyers. As a trust deed it was absolutely above reproach, save only that neither the property as described nor any equivalent for the bulk of it was any longer in existence as a part of the estate of Margaret Merriam Dameron.

Zelda sat inert, listening to the recital, as her father read with deliberation and with due regard for the sonorous legal phrases. He even read through the notarial certificate; and then he drew off his glasses and settled back in his chair with a satisfied air. He hoped that Zelda would discuss some of the provisions, or ask questions, so that he might be assured that she suspected nothing.