His lordship looked up, sneering almost in self-derision. “I did,” he answered. “To tell you all—I accepted twenty thousand pounds' worth of South Sea stock when the company was first formed, for which I did not pay other than by lending the scheme the support of my name at a time when such support was needed. I was of the ministry, then, you will remember.”

Mr. Caryll considered him again, and wondered a moment at the confession, till he understood by intuition that the matter and its consequences were so deeply preying upon the man's mind that he could not refrain from giving vent to his fears.

“And now you know,” his lordship added, “why my hopes are all in King James. Ruin stares me in the face. Ruin and shame. This forlorn Stuart hope is the only hope remaining me. Therefore, am I eager to embrace it. I have made all plain to you. You should understand now.”

“Yet not quite all. You did this thing. But the inspection of the company's books is past. The danger of discovery, at least, is averted. Or is it that your conscience compels you to make restitution?”

His lordship stared and gaped. “Do you suppose me mad?” he inquired, quite seriously. “Pho! Others were overlooked at the time. We did not all go the way of Craggs and Aislabie and their fellow-sufferers. Stanhope was assailed afterward, though he was innocent. That filthy fellow, the Duke of Wharton, from being an empty fop turned himself on a sudden into a Crown attorney to prosecute the peculators. It was an easy road to fame for him, and the fool had a gift of eloquence. Stanhope's death is on his conscience—or would be if he had one. That was six months ago. When he discovered his error in the case of Stanhope and saw the fatal consequences it had, he ceased his dirty lawyer's work. But he had good grounds upon which to suspect others as highly placed as Stanhope, and had he followed his suspicions he might have turned them into certainties and discovered evidence. As it was, he let the matter lie, content with the execution he had done, and the esteem into which he had so suddenly hoisted himself—the damned profligate!”

Mr. Caryll let pass, as typical, the ludicrous want of logic in Ostermore's strictures of his Grace of Wharton, and the application by him to the duke of opprobrious terms that were no whit less applicable to himself.

“Then, that being so, what cause for these alarms some six months later?”

“Because,” answered his lordship in a sudden burst of passion that brought him to his feet, empurpled his face and swelled the veins of his forehead, “because I am cursed with the filthiest fellow in England for my son.”

He said it with the air of one who throws a flood of light where darkness has been hitherto, who supplies the key that must resolve at a turn a whole situation. But Mr. Caryll blinked foolishly.

“My wits are very dull, I fear,” said he. “I still cannot understand.”