The demand from Bennet was contained in a short letter, and the sum he asked for was ten thousand pounds.

With a curt explanation that a horse on which he had put a great deal of money had disappointed him, he said it was now necessary for him to have this amount immediately. He went on to say that he knew they, his solicitors, had no ready money of his in their hands, but they would undoubtedly be able to advance it on the security of Beauclerk Mansions, which he directed them to sell. However, to sell them to the best advantage might take some time. Would they, therefore, anticipate the proceeds of the sale to the extent of the sum asked for, and repay themselves afterwards when the sale was effected? He was sure that the Mansions would fetch far more than ten thousand pounds.

Though the period had been marked by events so important as to cause it to seem of considerable length, but a few weeks in reality had elapsed since Harry Bennet had proposed to and been rejected by Kitty Thornton. Like all the world, Bennet was not ignorant of what had happened in the Eversleigh circle, but he was completely absorbed by his turf speculations. He had not quite forgotten his purpose of being revenged on Gilbert, but for the time it slumbered.

After Goodwood, all through the month of August, Bennet followed the round of race-meetings with unimpaired zest; sometimes he was successful in his bets, but far more frequently he was a heavy loser. He had soon spent the considerable sum he had made during his Goodwood campaign, and now was hard pressed for funds. He had already managed to dissipate the whole of his once extensive patrimony, with the exception of the large block of flats called Beauclerk Mansions, which he now told his solicitors to put on the market.

In ordinary circumstances there would have been no difficulty in getting an immediate advance on the property, which was worth far more than ten thousand pounds, as Bennet said. But Cooper Silwood had changed all that.

Williamson, who now watched, as a cat a mouse, Eversleigh as he had watched Silwood, had put the letter into his principal's hand with the remark that it was such a pity Mr. Bennet was ruining himself; he seemed bent on going headlong to destruction!

Francis Eversleigh merely nodded, read the letter, and said dully that he would attend to the matter himself presently.

At first he was not without hope that all was well, and that the advance could be procured. But a brief examination showed him that Beauclerk Mansions no longer stood in Bennet's name—they had been sold during the preceding year, as he shortly discovered, by Silwood. Amongst other things, this of course meant that Silwood had forged Bennet's signature. But, at the moment, Eversleigh did not stop to think of it; the one damning fact which stood forth with frightful distinctness was that Beauclerk Mansions were already sold.

"What am I to do?" groaned Eversleigh.

He considered if there was any way by which he could raise the money; but ten thousand pounds is a large sum, even to a rich man, when it has to be put down in cold cash. Still, the credit of the firm was unimpaired, and for a few brief moments Eversleigh permitted himself the luxury of imagining his bankers would advance the amount. But he knew they would not do so without security, and he was certain he had none to offer. Silwood had taken care of that.