The Squire observed her furtively out of the corners of his eyes. Then he turned to the last page of the contract, with its final figures. His eyebrows went up.

'The man's a fool!' he said vehemently. 'I know the value of my own timber a great deal better than he. They're not worth a third of what they put them at.'

'Even at the Government price?' Elizabeth ventured slyly. 'He'll be very glad to give it!'

'Then it's blackmailing the country,' said the Squire obstinately. 'I loathe the war, but I'm not a profiteer.'

Elizabeth was silent. If the Squire persisted in rejecting this deal, which he had himself invited in another mood, half her dreams for the future, the dreams of a woman just beginning to feel the intoxication of power, or, to put it better, the creative passion of the reformer, were undone. She had already saved the Squire much money. When all reasonable provision had been made for investment, replanting, and the rest, this sale would still leave enough to transform the estate and scores of human lives upon it. Her will chafed hotly under the curb imposed upon it by the caprices of a master for whom—save only as a Greek scholar—she had little respect. After a while, as the Squire was still turning over the contract with occasional grunts and mutterings, she asked—

'Will you please tell me what I am to reply?'

Her voice was cold and measured.

The Squire threw up his white head.

'What hurry is there?' he said testily.

'Oh, none—if you wish it delayed. Only—' she hesitated—'Captain Dell tells me the Government inspectors are already in the neighbourhood. He expects them here before long.'