Wat Grey was one of the most active men in Daneford. He was Chairman of the Chamber of Commerce, of the Commercial Club, and of the Harbour Board.

He was Vice-chairman of the Daneford Boat Club, and Treasurer of the Poor's Christmas Coal Fund.

If he was rich, he was liberal. He subscribed splendidly to all the local charities, but never as a public man or as owner of the Daneford Bank. What he thought it wise to give he always sent from "Wat," as though he prized more highly the distinction of familiarity his town had conferred upon him than any conventional array of Christian and surnames, or any title of cold courtesy or routine right. It was not often he dropped from his cheerful level of high-spirited and rich animal enjoyment into sentimentalism, but on one occasion he said to young Feltoe: "I'd rather be 'Wat' to my friends than Sir Thingumbob Giggamarigs to all the rest of the world."

There was nothing Daneford could have refused him. He had been mayor, and could be Liberal member of Parliament for the ancient and small constituency any time he chose when the Liberal seat was vacant. Daneford was one of those constituencies which give one hand to one side and the other hand to the other, and have no hand free for action. Walter Grey had always declined the seat; he would say:

"I'm too young yet, far too young. As I grow older, I shall grow wiser and more corrupt. Then you can put me in, and I shall have great pleasure in ratting for a baronetcy. Ha, ha, ha!"

Of late, however, it had been rumoured the chance of getting the rich banker to consent to take the seat (this was the way everyone put it) had increased, and that he might be induced to stand at the next vacancy. Then all who knew of his personal qualities, his immense knowledge of finance, and his large fortune, said that if he chose he might be Chancellor of the Exchequer in time; and after his retirement from business, and purchase of an estate, the refusal of a peerage was certain to come his way.

As he sat sipping his claret that Monday evening of the 27th of August, 1866, his face was as placid as a secret well. Whether he was thinking of his dead wife and sorrowing for her, or revolving the ordinary matters of his banking business, or devising some scheme for the reduction of taxation in the city, or dallying mentally with the sirens who sought to ensnare him in parliamentary honours, could no more be gathered from his face than from the dull heavy clouds that hung low over the sultry land abroad.

It was not often he had to smoke his after-dinner cigar and sip his after-dinner claret alone; men were always glad to dine with him, and he was always glad to have them; but the newness of his black clothes and of the bands on his hats in the hall accounted for the absence of guests. He was not dressed for dinner. One of the things which had made his table so free and jovial was that a man might sit down to it in a coat of any cut or colour, and in top-boots and breeches if he liked. Before his bereavement he would say:

"Mrs. Grey—although she may not sit with us—has an antiquated objection to a man dining in his shirt-sleeves. I have often expostulated with her unreasonable prejudice, but I can't get her to concede no coat at all. You may wear your hat and your gloves if you like, but for Heaven's sake come in a coat of some kind. If you can't manage a coat, a jacket will do splendidly."

Mrs. Grey never dined out. In fact, she saw little company; tea was always sent into the dining-room.