The 'it' was the news poor papa had been telling us. We were not quite like most other children, I think, in some ways. I think we—that is, Dods and I—were rather more thoughtful, though that sounds like praising ourselves, which I am sure I don't mean. But papa and mamma had always had us a good deal with them and treated us almost like companions, and up to now, though he was getting on for thirteen, Dods had never been away at school, only going to Kirke, the little town near us, for some lessons with the vicar, and doing some with me and our governess, who came over from Kirke every day. So papa had told us what had to be told, almost as if we were grown-up people.

We did not understand it quite exactly, for it had to do with business things, which generally mean 'money' things, it seems to me, and which, even now, though I am sixteen past, I don't perfectly understand. And I daresay I shall not explain it all as well as a quite grown-up person would. But I don't think that will matter. This story is just a real account of something rather out of the common, and I am writing it partly as a kind of practice, for I do hope I shall be able to write stories in books some day, and partly because I think it is interesting even if it never gets into a book, and I should like Denzil and Esmé to read it all over, for fear of their forgetting about it.

I must first tell what the news was that we had just heard. Poor papa had lost a lot of money!

We were not very rich, but we had had quite enough, and our home was—and is, I am thankful to say—the sweetest, nicest home in the world. Our grandfathers and great-grandfathers back to papa's great-great ones have always lived here and seen to everything themselves, which makes a home nicer than anything else. But a good deal of papa's money came from property a long, long way off—somewhere in the West Indies. It had been left to his father by his godmother, and ever since I was quite little I remember hearing papa say what a good thing it was to have some money besides what came from our own property at home. For, as everybody knows, land in England—especially, I think, in our part of it—does not give half as much as it used to, from rents and those sorts of things.

And we got into the way—I mean by 'we,' papa and mamma, and grandpapa, no doubt, in his time—of thinking of the West Indian money as something quite safe and certain, that could not ever 'go down' like other things.

But there came a day, not very long before the one I am writing about, which brought sudden and very bad news. Things had gone wrong, dreadfully wrong out at that place—Saint Silvio's—and it was quite possible that all our money from there would stop for good. The horrid part of it was, that it all came from somebody's wrongdoing—not from earthquakes or hurricanes or outside troubles of that kind—but from real dishonesty on the part of the agents papa had trusted. There was nothing for it but for poor papa himself to go out there, for a year at least, perhaps for two years, to find out everything and see what could be done.

There was a possibility, papa said, of things coming right, or partly right again, once he was there and able to go into it all himself. But to do this it was necessary that he should start as soon as could be managed; and with the great doubt of our ever being at all well off again, it was also necessary that mamma and we four should be very, very careful about expenses at home, and just spend as little as we could.

A piece of good fortune had happened in the middle of all this; at least papa called it good fortune, though I am afraid George and I did not feel as if it was good at all! Papa had had an offer from some people to take our house—our own dear Eastercove—for a year, or perhaps more. We had often been asked to let it, for it is so beautifully placed—close to the sea, and yet with lovely woods and grounds all round it, which is very uncommon at the sea-side. Our pine woods are almost famous, and there are nooks and dells and glens and cliffs that I could not describe if I tried ever so hard, so deliciously pretty and picturesque are they.

But till now we had never dreamt of letting it. Indeed, we used to feel quite angry, which was rather silly, I daresay, if ever we heard of any offer being made for it. And now the offer that had come was a very good one; it was not only more money than had ever been proposed before, but it came from very nice sort of people, whom the agent knew were quite to be trusted in every way.

'They will take good care of the house and of all our things,' said papa, 'and keep on any of the servants who like to stay.'