A jollier party never fished in that well-known brook and better appetites never were known than when the table was thrice set and thrice cleared of the most tempting dishes that ever graced a festive board.

"Who would have ever thought of meeting you here, old bookworm?" exclaimed a happy-looking youth hailing from a shipper's office on the South Wharf.

"Well sir, I would as soon have expected to see old Herodotus stalking along with his wonderful Nine," roared another, slapping Mr. Lawson with more force than elegance.

"And I haven't steered across you since that night at Verne's. Quite a change there since then, eh Lawson? Have you heard the latest news?"

Phillip had now drawn the speaker aside. He learned with regret that
Mr. Verne had suspended payment but had been granted extension.

"It may turn out better than people think," returned Phillip.

"Not a ghost of a chance for him. He's sure to go and a big smash it will make."

"It will go hard with Mr. Verne," remarked the former.

"It will go harder with his fool of a wife," returned the other, "she worked for it sure and is not to be pitied; but there is one I do feel for—that is Marguerite."

Phillip Lawson's reply was inaudible for the merry group came on at a rapid rate and surrounded them with all the fishing apparatus conceivable.