"This," exclaimed Mr. Ash, looking up, as though he apostrophised the skies, "is the most outrageous attack of which I ever heard!"

He had apparently forgotten that Mrs. Clive had just been the victim of a very similar attack in which he and his present antagonist had joined their forces.

"Bah!" cried Mr. Ely; "stuff and nonsense! Whenever there is any dirty work about I always see your hand. Who robbed me of a thousand pounds!"

"This," exclaimed Mr. Ash, extending his hands as though he were addressing an unseen audience, "is the man who robbed me of five hundred and thirty-three pounds thirteen and fourpence!"

Mr. Ely flung himself upon a seat and nursed his knee.

"If I had done what I ought to have done, I should have locked you up."

"Locked me up!" The words were gasped rather than spoken.

Mr. Ash turned to Mrs. Clive with the apparent intention of explaining to her the situation--it perhaps required explanation. "Madam, you see this man" ("this man" was the recent friend of his bosom, Frederic Ely), "he is so incapable of concealing his true character that even an inexperienced girl has found him out, and because she--very properly--refuses to have anything to do with him at any price, he turns on me! Madam," Mr. Ash became warmer as he spoke, "you are not acquainted with the intricacies of the Stock Exchange, but I think you will understand me when I tell you that I once sold him a quantity of a certain stock, and when there was a fall, so that there was a profit in my favour of five hundred and thirty-three pounds thirteen shillings, he had the audacity to say that I had bought, not sold, and he actually declared that the transaction had referred to double amount of the stock than was in reality the case, and he even preferred a claim against me for over a thousand pounds!"

"How shocking!" said Mrs. Clive. Though it may be suspected that she would have found it difficult to explain what was shocking if she had been required to do so on the spot.

Mr. Ely rose from his seat. He seemed more at his ease than he had been since he entered the room, as though falling out with Mr. Ash had relieved his mind.