"Then, when war broke out, he drew in the mortgage, bringing an excuse that tightness of money necessitated the step. Mrs. Deringhame was unable at short notice to meet the demand. In vain she pleaded for time. Her last remnant of capital vanished into the rogue's clutches."

"The rotter!" ejaculated Billy indignantly. "And what is the bounder's name. Do you happen to know?"

"Yes," replied Mr. Barcroft. "Let me see—yes I have it: Antonius Grabb, of the firm of Grabb and Gott, of Ely Place."

"By Jupiter!" muttered Billy.

Mr. Barcroft raised his eyebrows enquiringly, but his son made no further audible comment. He had made the unpleasing discovery that the man who had wronged Betty and her mother was Bobby Kirkwood's uncle, and when, in the natural course of events the aforementioned uncle died, the A.P., should he be still surviving, would benefit considerably under the will of Antonius Grabb.

"By the bye," said Peter abruptly changing the subject. "Seen anything of Entwistle?"

"Met him coming from the bath-room half an hour ago; he was limping a good deal," replied Billy. "I don't suppose it will be long before he's down."

"I've a job for you, my boy," continued Peter. "They've just telephoned through to say that Entwistle's car won't be able to fetch him. My perambulating box of tricks and petrol is out of action somewhere in the hills. So I want you to drive our guest in the trap to Barborough. I'd go myself if it weren't for these confounded proofs. That idiot of a comp, will persist in printing 'stem' for 'stern.' The drive will do you good—blow some of last night's cobwebs away."

"Steady, pater," protested Billy with a hearty laugh. "I am no hand at driving horseflesh. Give me something in the motor line and I'm all there."

"You'll be all right with Butterfly," declared Barcroft Senior. "She's the steadiest-footed quadruped that ever stepped it out in shafts. A perfect gem, and the envy of the countryside."