On hearing that the name of the owner of the yacht was Percivale, Mr. Cranmer roused himself from the reverie into which he had fallen. This, then, was the Swan, the mysterious yacht of which everyone had been talking all the summer, and whose owner was so obstinately uncommunicative and unsociable. The idea of meeting the hero of the hour brought a certain excitement with it; but these thoughts were put to flight by the sudden arrival on the scene of the two new actors. In a flash he recognised Frederick Orton, whom he had occasionally seen in company with Colonel Wynch-Frère at Sandown; and this, of course, was his wife. Whence had they sprung? They were believed to be in Homburg; and Claud felt a strange sinking of the heart as he realised in what an unfortunate moment they appeared.

Ottilie sprang vehemently from the carriage, looking round her with flashing eyes. Evidently she was greatly excited. Moving hastily towards the group, she suddenly stopped short, asking, in her fine contralto voice:

"Is Miss Charlotte Willoughby here?"

With an assenting murmur, the throng divided right and left, and she moved on again, till she stood within a few inches of the lady in question. Her husband, after a word to the driver, followed her.

"Miss Willoughby, I am Mrs. Frederick Orton," she said, every word of her deep utterance distinctly audible to everyone present. "We are just arrived from the Continent, and, in consequence of complaints of unkind treatment received in letters from our nephew, we travelled straight down here. We have been up to the house, seen your eldest sister, and been by her informed that the boy is missing since yesterday. Where is he?" She raised her magnificent voice slightly, and it seemed to pierce through Henry Fowler's brain. "Where is he? What have you done with him? Bring him back to me, instantly."

Silence.

The brisk wave broke splashing and foaming along the beach. The white fleecy cloud drew off from the sun which it had momentarily obscured.

Miss Charlotte helplessly confronted her antagonist for a moment, and then burst into tears. All Edge Valley held its breath. That Miss Charlotte Willoughby could weep was a hypothesis too wild ever to have been hazarded among them.

Frederick Orton, in his faultless summer travelling attire, a look of anxiety on his weak, handsome face, stood scanning the group, bowing slightly to Claud, whom he vaguely recognised, and then letting his eye wander to Elsa.

There his gaze rivetted itself with a strange fascination. The girl was too like her father, Valentine Brabourne, for him to be ignorant of her identity; he partly hated her for it. Her beauty, too, took him utterly by surprise. He had heard that she was pretty, but for this unique and superb fairness he was quite unprepared.