"Very well; he shall stay. And if circumstances force me to put him away later,—that is, if the facts become known to the school, and the boy's life is thereby rendered unhappy, why—but time enough to talk of that," broke off the speaker. "It might happen, however, Sir Simon; and there's no knowing how soon."

Sir Simon saw that it might. "Who knows of it?" he asked.

"Your two nephews and John Irby. I have strictly charged them, on their honour, not to speak of this: I called them in before afternoon school. Dick does not appear to have heard the name yet: but I shall speak to him. It is unfortunate the name should be so peculiar—Paradyne."

Sir Simon nodded. "What an odd thing it is the boy should have come to this particular school," he exclaimed. "Is he one of your boarders?"

"No; he is an out-pupil; not in any master's house at all. About five weeks ago," pursued the head master, in explanation, "I received a letter from the country, from a lady signing herself Paradyne—I remember thinking it an uncommon name at the time—asking if there was a vacancy in the college for a well-advanced outdoor pupil, and inquiring the terms. There happened to be a vacancy, and I said so, and sent the terms; in a few days she wrote again, saying her son would enter. She has come up to live here. I asked Paradyne this morning where he was going to live, and he said close by, with his mother."

"They never much liked her, I remember," observed Sir Simon, who was casting his thoughts back. "Mrs. Trace used to say she spent too much."

"I suppose they lived beyond their means, these Paradynes."

"No; it did not appear so; and the mystery never was cleared up where the abstracted sums (enormous sums they were!) had gone, or what they had gone in. Mrs. Trace, my poor sister Mary, was of so very quiet a disposition herself caring nothing for dress or show; and Mrs. Paradyne, I suppose, did care for it. I remember my brother-in-law, Robert Trace, observed to me after the explosion, how glad he was that he and his wife had lived quietly; that no blame on that score could attach to him. The Loftus's were different; they spent all before them; not, however, more than they had a right to spend. I suppose you know the particulars, doctor?"

"Not at all. I never heard them."

"Then I'll tell you the story, from beginning to end, in a few brief words. My brother-in-law, Robert Trace, who was always up to his eyes in business—for Loftus would not attend to it—had some matters to transact for a Captain Arthur Paradyne,—the selling out of shares, or the buying in of shares, I forget which; and an intimacy grew up between him and his client. Paradyne had come into some money through the death of an aunt in Liverpool; previous to that he had lived in Germany, on a very small income, as I understood. He seemed a thorough gentleman, and, I should have said, an honest, open-dealing man. In an unlucky hour Robert Trace—who had been hankering after a third partner for some time, though Loftus could not see what they wanted with one, as they kept efficient clerks—proposed to Captain Paradyne to invest his money—two or three thousand pounds I think it was—in their concern, and take a share. Paradyne consented. Mr. Loftus murmured at first, but at last he consented; and the firm became Loftus, Trace, & Paradyne. Things went on smoothly for two years, or thereabouts, though Paradyne proved an utter novice in business matters, as your military men, gentlemen by birth and habit, often do; and Trace grumbled awfully. Not publicly, you know; only in private to me, whenever I was down at Liverpool. Then came the crash. Paradyne was discovered to have played up Old Harry with everything; the money of the firm, the shares of customers, all he could lay his hands on. Strange to say, it was Loftus, the unbusiness man, who was the one to make the first discovery. Only think of that!"