"Ah, Mr. Mowbray's in," observed Dan, turning back to the office.

"Mr. Mowbray will be glad if you'll step right up, Mr. Kars." The 'phone clerk had emerged from his retreat.

"Thanks. What number?"

"Three hundred and one. Third floor, Mr. Kars," replied the clerk, with that love of the personal peculiar to his class. Then followed a hectoring command, "Elevator! Lively!"

Kars stepped into the elevator and was "expressed" to the third floor.

A few moments later he was looking into the depressed eyes of a youth he had only known as the buoyant, headstrong, north-bred son of Allan Mowbray.

The change wrought in one brief winter was greater than Kars had feared. Dissipation was in every line of the half-dressed youth's handsome face, and, as Kars looked into it, a great indignation mingled with his pity. But his indignation was against the trader who had left the youth to his own foolish devices in a city whose morals might well have shamed an aboriginal. Nor was his pity alone for the boy. His memory had gone back to the splendid dead. It had also flown to the two loving women whose eyes must have rained heart-breaking tears at the picture he was gazing upon.

The boy thing out a hand, and a smile lit his tired features for a moment as he welcomed the man who had always been something of a hero to him. He had hastily slipped on his trousers and thrust his feet into shoes. His pajama jacket was open, revealing the naked flesh underneath. Nor could Kars help but admire the physique now being so rapidly prostituted.

"It's bully of you looking me up," Alec said, with as much cordiality as an aching head would permit.

Then he laughed shamefacedly. "Guess I'm dopey this morning. I sat in at 'draw' last night, and collected quite a bunch of money. I didn't feel like quitting early."