“Those are the kind of men, then, Raidsford had in his mind, when he was speaking about companies last night.”

“Likely enough; but there were idiots in the world before Limited Liability was thought of, and there will be idiots in the world when Limited Liability is no more.”

“Still, it does seem hard.”

“That if a man will rush into the flame he should be burnt. Do you propose, Douglas, constituting yourself a species of knight-errant to rescue distressed gentlemen from the consequences of their folly? You could never prevent a man like Dudley getting into trouble. By right, he was Black’s natural prey, natural and legitimate. You do not quarrel with a cat for catching a mouse; why should you bemoan Dudley losing his money to Black?”

“I pity his wife.”

“Ah! there I go with you; but she followed her fancy in marrying him, and she must pay for the indulgence of her fancy sooner or later. The best thing which could happen for her ultimate happiness would be for her husband to get a thorough sickening of following his own courses. I consider him one of the most conceited prigs I ever met. He won’t take a hint from me on any subject.”

“On what sort of subject?” inquired Mr. Croft, a little curiously.

“Why, you know he might learn a little of business, fit himself for some more lucrative post, but the moment I mentioned my idea he was up like a rocket. ‘He did not intend to retain the secretaryship an hour longer than he could advantageously dispose of his shares. If I imagined he was going to remain at the beck and call of every one who liked to call and beckon, I never was more mistaken in my life.’ Whereupon,” added Mr. Stewart, “I, of course, humbly apologised; and remarked that I had certainly been under the delusion he wished to add to his income, but I was happy to find I had been mistaken; because, from my own limited experience of the expenses of living in London, I felt satisfied he could not long afford to live at the rate he was doing on a thousand a year.”

“Was not that a little——”

“Impertinent, you would say,” finished Mr. Stewart, as his nephew paused; “that is precisely what I remarked to you a few moments since—knight-errantry in the nineteenth century is always impertinent; but still, if one sees a man walking straight on to the brink of a precipice, involuntarily one shouts out a warning to him. That is what I did—and that is what I got for my pains. Now, Mr. Dudley may go to the devil, for any trouble I shall take to prevent his travelling that easy road.”