She lived in a quiet street on the south side of Regent's Park, and thither she went. But when she reached Oxford Street she rang the carriage bell and changed her course.

"Drive to Clapham Common," she said, curtly, "and as fast as you can."

It was a dark night, with a drizzling rain, and as the cab rattled along the empty streets she lay back with closed eyes, evidently thinking of no unpleasant things. It was over five miles to her destination, and more than once on her way her thoughts brought a smile to her lips, and once even an exultant laugh.

On the Battersea side of Clapham Common, in one of those immense old brick houses built in the time of Queen Victoria, with trees and lawns and lodges, lived a man whose name was known in every stock exchange and money market in the world—Benjamin Bugbee, the banker.

From his devotion to the House of Hanover, in its glorious and its gloomy fortunes, and from his intimate business relations with the royal family, Bugbee had received the romantic title of "The King's Banker," a name by which he was recognized even in other countries.

Bugbee was a small, bald-headed, narrow-chinned old man, with an air of preternatural solemnity. From boyhood up, through all the stages of life, he had been noted for the mysterious sobriety of demeanor which now marked him as an angular, slow-moving, silent and unpleasant old man.

The devotion of Bugbee to the House of Hanover was clear enough; but the springs of it were quite unseen until some years later, when they were laid bare by a rigid Parliamentary inquiry. The astonishing truth was that this silent and insignificant old man, since the year of the King's banishment, had controlled with absolute power one of the greatest, if not the greatest, private fortunes ever accumulated in any country—that of the royal exile, who was known to his devoted followers as King George the Fifth.

It is true that the poverty of George, in his residence in the United States, was of world-wide notoriety. The shifts of the "Court" in Boston for very existence, and the extraordinary measures adopted from time to time by royalty to make both ends meet were a scandal in the ears of kings and courtiers everywhere.

Nevertheless, George was one of the richest men in the world—or at least he had been while on the throne, and he would be again should he ever become the reigning monarch of England. The enormous wealth which had begun to accumulate in Victoria's frugal reign had grown like a rolling snowball for over a hundred years. For the latter half century the royal investors had, wisely enough, avoided all national bonds except those of the two old republics, France and America; but in the great cities of the earth, and notably in those that stood the least chance of bombardment or earthquake, the heir of the Hanoverian line was one of the largest owners of real property.

George's royal grandfather was a generous and almost extravagant monarch; but his enormous private wealth was sufficient even for so luxurious a prince. The inheritance which had made his reign stable and pleasant he secured for his son, strictly stipulating that it was to be enjoyed by him or his heir while reigning as monarch of England.