"I am, Madam,

"Your obedient servant,

"Alfred King.

"Miss Sara Davenal."

So the first faint realisation of the haunting shadow of the past weeks had come! Sara sat with the letter in her hand. She asked herself what was to be done?--and she wished now, in a fit of vain repentance, that she had written long ago to Mr. Alfred King, as it had been in her mind to do.

She must write now. She must write a note of regret and apology, telling him the exact truth--that the sale of the different effects at Hallingham and the realisation of the proceeds had taken more time than was anticipated, but that she expected the money daily--and beg of him to wait. In her feverish impatience it seemed as if every moment that elapsed until this explanation should be delivered to Mr. Alfred King was fraught with danger, and she hastened to the room below, the drawing-room.

Her desk was there. It was generally kept in her own chamber, but she had had it down the previous evening. Neal was quitting the room as she entered: he had been putting it in order for the day. Miss Davenal was in the parlour below, where she generally remained an hour or two after breakfast.

The letter--Mr. Alfred King's letter--was spread open before Sara, and she sat pen in hand deliberating how she should answer it, when her aunt's voice startled her. It sounded on the stairs. Was she coming up? Sara hastily placed the open letter in the desk, closed and locked it, and opened the drawing-room door. But in her flurry she left the key in the desk.

Miss Davenal was standing on the mat at the foot of the stairs "Can't you hear me call?" she asked.

"I did hear, aunt. What is it?"