This was the state of affairs when the painter one day entered Helen's drawing-room in a state of considerable excitement. He was full of a new scheme, greater than anything he had as yet been engaged in. Rivers's bank, which was half as old as London, which held as high repute as the Bank of England, which was the favourite depository of everybody's money, from ministers of state down to dressmakers, was going to undergo a revolution. The Riverses themselves had all died out, except, indeed, the head of the house, who was now Lord Rivers, and had no more than a nominal connection with the establishment which had been the means of bringing him to his present high estate. The other partners had gradually got immersed in other business. Mr Burton, for instance, confessed frankly that he had not time to attend to the affairs of the bank, and the others were in a similar condition:—they had come in as secondaries, and they found themselves principals, and it was too much for them. They had accordingly decided to make Rivers's a joint-stock bank. This was the great news that Drummond brought home to his wife. 'I will put everything we have into it,' he said in his enthusiasm, 'unless you object, Helen. We can never have such another chance. Most speculations have a doubtful element in them. But this is not at all doubtful. There is an enormous business ready made to our hands, and all the traditions of success and the best names in the City to head our list—for of course the old partners hold shares, and will be made directors of the new company——And—you will laugh, Helen, but for you and the child I feel able to brave anything—I am to be a director too.'

'You!' cried Helen, with a surprise which had some mixture of dismay. 'But you don't know anything about business. You can't even——'

'Reckon up my own accounts,' said the painter placidly—'quite true; but you see it is a great deal easier to calculate on a large scale than on a small scale. I assure you I understand the banking system—at least, I shall when I have given my mind to it. I shouldn't mind even,' he said laughing, 'making an effort to learn the multiplication table. Norah might teach me. Besides, to speak seriously, it doesn't matter in the least: there are clerks and a manager to do all that, and other directors that know all about it, and I shall learn in time.'

'But, then, why be a director at all?' said Helen. She said this more from a woman's natural hesitation at the thought of change, than from any dislike of the idea; for she belonged to the race from which directors come by nature. Poor Drummond could not give any very good reason why he desired this distinction; but he looked very wise, and set before her with gravity all the privileges involved.

'It brings something in,' he said, 'either in the way of salary, or special profits, or something. Ask your cousin. I don't pretend to know very much about it. But I assure you he is very great upon the advantages involved. He says it will be the making of me. It gives position and influence and all that—'

'To a painter!' said Helen: and in her heart she groaned. Her dream came back like a mist, and wove itself about her head. What distinction would it have given to Raphael or to Titian, or even to Gainsborough or Sir Joshua Reynolds, to be made directors of a bank? She groaned in her heart, and then she came back to herself, and caught her husband's eyes looking at her with that grieved and wondering look, half aware of the disappointment he had caused her, humbled, sorry, suspicious, yet almost indignant, the look with which he had sometimes regarded her from among his pictures in the day when art reigned alone over his life. Helen came abruptly to herself when she met that glance, and said hurriedly, 'It cannot change your position much, Robert, in our world.'

'No,' he said, with a glance of sudden brightness in his eyes which she did not understand; 'but, my darling, our world may expand. I should like you to be something more than a poor painter's wife, Helen—you who might be a princess! I should not have ventured to marry you if I had not hoped to make you a kind of princess; but you don't believe I can; do you?' Here he paused, and, she thought, regarded her with a wistful look, asking her to contradict him. But how could she contradict him? It was true. The wife of a pleasant mediocre painter, Associate, or in time Academician—that was all. Not a thorough lady of art such as—such as——Such as whom? Poor Andrea's Lucrezia, who ruined him? That was the only painter's wife that occurred to Helen.

'Dear Robert,' she said earnestly, 'never mind me: so long as I have you and Norah, I care very little about princesses. We are very well and very happy as we are. I think you should be careful, and consider well before you make any change.'

But by this time the brightness that had been hanging about him came back again like a gleam of sunshine. He kissed her with a joyous laugh. 'You are only a woman,' he said, 'after all. You don't understand what it is to be a British director. Fancy marching into the bank with a lordly stride, and remembering the days when one was thankful to have a balance of five pounds to one's credit! You don't see the fun of it, Helen; and the best of the whole is that an R.A. on the board of directors will be an advantage, Burton says. Why, heaven knows. I suppose he thinks it will conciliate the profession. We painters, you see, are known to have so much money floating about! But anyhow, he thinks an R.A.——'

'But, Robert! you are not an R.A.'