Inside was a note folded so as to act as additional wrapper for a small white box. Ralph’s writing, large and well-formed like himself, filled the half-sheet.

“Dear Darsie,—I hope you will accept the enclosed trifle which has been made for you, from my own design. You will understand its meaning! I am more than ever in need of pulling up! Don’t fail a fellow, Darsie!

“Yours,—

“Ralph B. Percival.”

Inside the box lay a small but beautifully modelled anchor brooch, with a fine golden rope twined round the stock. Darsie looked at it with the same mingling of joy and pain which seemed inseparable from each stage of her friendship with this attractive but irresponsible young man.

It was just like Ralph to have thought of this pretty and graceful way of expressing his sentiments, and it was not in girl nature to resist a glow of gratified vanity; but as she turned the golden anchor in her hands and realised the significance of the symbol, an old impatience stirred in Darsie’s heart. A man who trusted to another for anchorage in life, and who was ever in danger of breaking loose and drifting on to the rocks, was not the strong knight of a young girl’s dreams. There were moments when the protecting tenderness which had prompted the last year’s efforts gave place to sudden intolerance and resentment.

Inspired by Mrs Reeves’s words in her first term at college, Darsie had set gallantly to the task of influencing Ralph Percival for good, and preventing his further deterioration. At first it had appeared a forlorn hope; and she would have despaired many a time if it had not been for the encouragement which she received from Mrs Reeves and her “curate,” Margaret France. Then gradually and surely her influence had begun to make itself felt. It could not truthfully be said that she had so inspired Ralph that he had turned over a new leaf, and abandoned bad practices from a desire for the right itself. If the truth must be told, desire for his pretty mentor’s approbation and praise had been a far stronger factor in the improvement which seemed to have been effected.

Ralph was emotional, and as his interest in Darsie deepened into the sentimental attachment which seemed a natural development of their intimacy, he grew increasingly anxious to stand well in her estimation. During the May term there had been teas in the college gardens, breakfast parties at the Orchard, picnics on the river, which had afforded opportunities of tête-à-tête conversations when, amidst the flowers and the sunshine, it had been quite an agreeable sensation to lament over one’s weaknesses and shortcomings, and to receive in return the wisest of counsels from Darsie’s pretty lips.

“To please you, Darsie!—I’m hanged if I care what other people think, but if you ask me—” The promises gained were all couched in this personal vein. “If you chuck me, Darsie, I shan’t worry any more.” This was the threat held out for the future. Unsatisfactory, if you will, yet the fact remained that for the first part of the last term Ralph had appeared to show greater interest in work than he had before manifested, and had been involved in a minimum of scrapes.

There were moments when, remembering these facts, Darsie felt proudly that she had not lived in vain; moments when Ralph’s dependence on herself and graceful acknowledgments of her help seemed the chief interest in life. But there were also other moments when the bond between them weighed heavy as a chain. In less than two years the training days would be over, Ralph would be a man, and she herself a woman on the threshold of life. Would she be expected to play the part of permanent anchor, and, if so, could she, should she undertake the task?