"Purporting to be drawn and signed by Mr. Grubb. I ask from whom you received it?"

"I decline to answer," Charles said at length, speaking with hesitation, in spite of his preparation for firmness.

"Do you deny having presented the cheque?"

"No. I do not deny that."

"Do you deny having received the money for it?" interposed the gentleman from the bank.

"Nor that, either. I acknowledge to having received five hundred pounds. It would be worse than folly to deny it," continued Charles to him, in a sort of calm desperation, "since your clerk could prove the contrary."

"But did you know what you were laying yourself open to?" cried Mr. Howard, evidently in a marvel of astonishment, for he took these admissions of Charles's to be tantamount to an absolute acknowledgment of his guilt.

"I know now, sir."

"Will you refund the money?" asked Mr. Howard, dropping his voice; for that stern man of business had been going over the affair half the night as he lay in bed, and concluded to give the reckless young fellow a chance. Truth to say, Mr. Howard's bark was always worse than his bite. "Out of consideration for your family, connected, as it is, with that of the head of our firm, we are willing to be lenient; and if you will confess, and refund——"

"I cannot refund, and I must decline to answer any more questions," interrupted Charles, fast relapsing into agitation.