'Ned, come here,' said Mrs Burton, when they were left alone. He went and sat down by her, listless, with his hands in his pockets. Notwithstanding the joy of last night, the letters, the shame and ruin and misery, had overwhelmed Ned.

'I have been thinking over what you said yesterday about my settlement,' said his mother. 'Ned, in one way your grandfather was right. It is the equivalent to my fortune. It was the foundation of our family life—without that I should not have been permitted to marry; I should not probably have chosen to marry. To give up that is to make an end of all the securities of life—I speak as arguing the question.'

'How can we argue the question?' cried Ned. 'What have the securities of life mattered to the others, who had no connection with—with my father? He was nothing to them but a man of business. They trusted him, and they have nothing left.'

'Yes, Ned; but if one of them had been a secured creditor, as it is called, you would not have expected him to give up his security, in order to place himself on an equal level with the others. The most visionary standard of honour would never demand that.'

'We are not secured creditors. We are part of him, sharing his responsibility,' cried Ned bitterly, 'sharing his shame.'

'But we are the first of all his creditors, all the same, in justice; and our debt is secured. Ned, I do not say this is what I am going to do; but I think, according to my judgment, your grandfather is right.'

'Then, mother——' He had risen up, his face had grown very pale, his nostrils dilated, his eyes shining. She who had never been afraid for anything in her life was afraid of her son—of his indignation, of his wrath. She put out her hand, half appealing, half commanding, to stop him. She caught at him, as it were, before he could say another word.

'Ned, hear me out first! I approve of it as a matter of justice. I think we have no right to set up a new standard to make a rule for other women in my position. There will always be such, I suppose. The settlement itself was simply a precaution against this possible thing—which has happened. But I do not say I mean to act according to my opinion. That is different. I have—thought it over, Ned.'

'Mother,' he said, melting almost into tears, and taking her hand into his, 'mother! you who are so much wiser than I am—you are going to let yourself be guided by me?'

'Yes,' she said. 'I don't quite make myself out, Ned. I have always taken my own way. Mine is the right way, the just way; but perhaps yours is the best.'