Like a man in a dream, he took his hat from his head, and passively handed it to me, and after placing it in safety I resumed my chair with the comfortable feeling that his lordship and I were much nearer a plane of equality than when he entered the room.

'How about the ghost with a club-foot, my lord?' said I genially. 'May I take it that in the City, that sensible, commercial portion of London, no spirits are believed in except those sold over the bars?'

'If you mean,' began his lordship, struggling to reach his dignity once more, 'if you mean to ask if there is any man fool enough to place credit in the story of a ghost, I answer no. I am a practical man, sir. I now possess in the north property representing, in farming lands, in shooting rights, and what not, a locked-up capital of many a thousand pounds. As you seem to know everything, sir, perhaps you are aware that I propose to build a modern mansion on the estate.'

'Yes; I saw the letter in the Times.'

'Very well, sir. It has come to a fine pass if, in this country of law and the rights of property, a man may not do what he pleases with his own.'

'I think, my lord, cases may be cited where the decisions of your courts have shown a man may not do what he likes with his own. Nevertheless, I am quite certain that if you level Rantremly Castle with the ground, and build a modern mansion in its place, the law will not hinder you.'

'I should hope not, sir, I should hope not,' said his lordship gruffly. 'Nevertheless, I am not one who wishes to ride roughshod over public opinion.

'I am chairman of several companies which depend more or less on popular favour for success. I deplore unnecessary antagonism. Technically, I might assert my right to destroy this ancient stronghold tomorrow if I wished to do so, and if that right were seriously disputed, I should, of course, stand firm. But it is not seriously disputed. The British nation, sir, is too sensible a people to object to the removal of an antiquated structure that has long outlived its usefulness, and the erection of a mansion replete with all modern improvements would be a distinct addition to the country, sir. A few impertinent busybodies protest against the demolition of Rantremly Castle, but that is all.'

'Ah, then you do intend to destroy it?' I rejoined, and it is possible that a touch of regret was manifest in my tones.

'Not just at present; not until this vulgar clamour has had time to subside. Nevertheless, as a business man, I am forced to recognise that a large amount of unproductive capital is locked up in that property.'