"Yes, sir."

There followed one of the tensest "stage waits" of Mike's experience. It was not long, but, while it lasted, the silence was quite solid. Nobody seemed to have anything to say, and there was not even a clock in the room to break the stillness with its ticking. A very faint drip-drip of rain could be heard outside the window.

Presently there was a sound of footsteps on the stairs. The door was opened.

"Mr. Smith, sir."

The Old Etonian entered as would the guest of the evening who is a few moments late for dinner. He was cheerful, but slightly deprecating. He gave the impression of one who, though sure of his welcome, feels that some slight apology is expected from him. He advanced into the room with a gentle half-smile which suggested good will to all men.

"It is still raining," he observed. "You wished to see me, sir?"

"Sit down, Smith."

"Thank you, sir."

He dropped into a deep armchair (which both Adair and Mike had avoided in favor of less luxurious seats) with the confidential cosiness of a fashionable physician calling on a patient, between whom and himself time has broken down the barriers of restraint and formality.

Mr. Downing burst out, like a reservoir that has broken its banks.