"No, no—not bad news," she whispered at last, in answer to some all but inaudible breath which had perhaps escaped the poor children's lips. "You must—oh, you must forgive me. It was all my own fault. I should not have gone."

"Oh Auntie, Auntie," cried Molly, by this time in sobs, "what is it then? Have you been run over?"

"How could Auntie be here if she had been?" said Sylvia, hardly able to help smiling, even in the midst of her fright, at the Molly-like question. "But oh, Auntie, do try to tell us."

Auntie was a little calmer by now. She looked up with a piteous expression in her still white face.

"My dears, my dears," she said, "you must not be vexed with me, and yet I feel that you have a right to be so. I have had such a misfortune—I have lost—just now, on my way to or from the bank, I don't know which—I have lost dearest mother's—your grandmother's old watch! And with it the locket that was always attached to it, you know—the one with her great-grandfather's and his daughter's hair."

"I know," said Molly, "gray hair on one side and bright brown like Sylvia's on the other. Oh, Auntie, Auntie—poor Auntie."

And Sylvia flung herself down beside poor Auntie and burst into tears of sympathy. It was sweet to Aunt Laura, even in the midst of her acute distress, to feel that their first thought was not for the loss itself—much as it could not but touch them—but of sorrow for her.

"Grandmother's old watch—grandmother dear's old watch," repeated the two girls, as if they could not believe it. The old watch they remembered all their lives, whose face was almost as familiar to them as that of grandmother herself—the watch and locket which seemed almost a part of her—it was terrible, it was too bad to be true!

"How did it happen?" said Sylvia, trying to choke down her tears. "Tell us more, Auntie. Can nothing be done? You don't think it was stolen?"

"No—I feel sure I dropped it. I remember now that it was not securely fastened. That is what vexes me so terribly—to think it was my own fault! Oh, Sylvia—oh, Molly, when I saw it was gone I felt as if I should go out of my mind! It was just as I came out of the bank that I missed it, but it may have dropped some minutes before. I was hesitating as to whether I should have time to walk home, or if I should take a coupé so as to get back to you quicker, my dears——"