And all the time, Forde, incompetent, miserable, was keeping a brave face to the world and a false one to his employers,—was fighting a losing game with all the strength he possessed, and calling it to himself, and every one who cared to listen to him, success.

Failure meant a great deal to him. It does to most men who have risen to what may be called in their own station, eminence, through adventitious circumstances, instead of their own cleverness, or roguery, or force of character.

If a person be possessed of energy, or plausibility, or cleverness, or enormous industry, it is utterly impossible for any reverse short of broken health to crush him so utterly that he may not hope to come up in the front some day again; but if a fellow have got a chance, merely through a fluke, and have sense enough to know this, how he will cling to it with tooth and nail and hand and foot, till he and it drop down unpitied together. For my own part, I cannot tell why such men receive no pity. They never do. The only reason which presents itself to account for this is that in their descent they spare nor friend nor foe. Into their abyss they would drag the nearest and dearest, could he retard the striking of the inevitable hour by five minutes.

To Mr. Forde further failure meant more than it does to the generality of men in his position. He had been raised so high that he could not even contemplate the other side of the canvas. He knew the General Chemical Company was rotten, root, branch, and leaf, but he thought, if he could keep up the appearance of prosperity long enough, he might obtain some other appointment before the crash came.

In a very ancient book there is a parable written concerning an unjust steward.

According to his light, Mr. Forde tried to emulate the tactics of that old world swindler, but with indifferent success.

Those who owed money to my Lords the Chemical Company had taken Mr. Forde's measure tolerably accurately at an early period of his stewardship; and when the end came it turned out that no one, except the rogues, had made much of the falsifying of their accounts; which was all very hard on Mr. Forde who had really worked with might and main for himself and his employers; only, as seemed natural, for himself first.

Afternoon had arrived, and Mr. Forde sat alone in that office which, so long as he remained manager at St. Vedast's Wharf, he had a right to call his.

It was a handsomely-furnished if somewhat comfortless-looking room. All new offices smell for an unconscionable time of paint, varnish, French polish, and new carpets.

That office was no exception to the general rule, but to Mr. Forde, the smell of newness had a sweet savour in his nostrils.