On the train Quarren bought the evening papers; and the first item that met his eye was a front-page column devoted to the Dankmere Galleries. Every paper had broken out into glaring scare-heads announcing the recent despoiling of Dankmere Tarns and the venture into trade of Algernon Cecil Clarence Fayre, tenth Earl of Dankmere. The majority of papers were facetious, one or two scathing, but the more respectable journals managed to repress a part of their characteristic antagonism and report the matter with a minimum of venom and a rather exhaustive historical accompaniment:

"POOR PEERS EAGER TO SELL HEIRLOOMS
"LORD DANKMERE'S CASE SAID TO BE ONE OF DOZENS
AMONG THE BRITISH ARISTOCRACY
"GAMBLING SPIRIT BLAMED
"OBSERVERS ASCRIBE POVERTY OF OLD BRITISH FAMILIES
TO THIS CAUSE—MANY RENT ROLLS DECLARED
TO BE MORTGAGED

"The opening of the so-called Dankmere galleries on Lexington Avenue will bring into the lime-light once more a sprightly though somewhat world-battered little Peer recently and disastrously connected with the stage and its feminine adjuncts.

"The Dankmere galleries blossom in a shabby old house flanked on one side by a Chop-Suey restaurant haunted of celestials, and on the other by an undertaker's establishment displaying the following enterprising sign: Mortem's Popular $50 Funerals! Bury Your Family at Attractive Prices!

"GAMBLING DID IT!

"Gambling usually lands the British Peer on his aristocratic uppers. But in this case gambolling behind the footlights is responsible for the present display of the Dankmere family pictures in the converted real-estate offices of young Mr. Quarren of cotillion fame.

"Among supposedly well-to-do English nobles the need for ready cash so frequently reaches the acute stage that all manner of schemes are readily resorted to in an effort to 'raise the wind.'

"Lord Dankmere openly admits that had he supposed any valuable 'junk' lay concealed in the attics of his mansion, he would, without hesitation, have converted it into ready money long before this.

"Lord Dankmere's case is only one typical of dozens of others among the exclusive and highly placed of Mayfair. It is a known fact that since the sale of the Capri Madonna (Titian) for $350,000 to the British Government, by special act of Parliament, Daffydill Palace has gradually been unloaded of all treasures not tied by the entail to the estate. For the same sum ($350,000) the late Earl of Blitherington disposed of his famous Library and the sale of the library was known to be necessary for the provision of living funds for the incoming heir. Just recently the Duke of Putney, reputed to be a man of vast wealth, had a difficulty with a dealer concerning the sale of some of his treasures.

"Such cases may be justified by circumstances. The general public hears, however, of only a few isolated cases. The number of private deals that are executed, week in, week out, between impoverished members of the highest nobility—some of them bound, like Lord Blitherington and the Duke of Putney by close official ties to the Court—and the agents of either new-rich Britishers or wealthy Americans has reached its maximum, and by degrees unentailed treasures and heirlooms are passing from owners of many centuries to families that were unheard of a dozen years ago.

"THE AWFUL YANKEE

"The American is given priority in the matter of purchase, not only because he pays more, as a rule, but also for the reason that the transfer of his prize to the United States removes the possibility of noble sellers being pestered with awkward questions by the inquisitive. For, however unostentatiously home deals are made and transfers effected, society soon learns the facts. So hard up, however, has the better-known aristocracy become, and so willing are they to trade at fancy sums to anxious purchasers, that several curio dealers in the St. James's quarter hold unlimited power of attorney to act for plutocratic American principals either in the United States or in this country.

"Those who are reasonably entitled to explain the cause of this poverty among old families, whose landed estates are unimpaired in acreage at least, and whose inheritance was of respectable proportions, declare that not since the eighteenth century has the gambling spirit so persistently invaded the inside coteries of high society. The desire to acquire riches quickly seems to have taken hold of the erstwhile staid and conventional upper ten, just as it has seized upon the smart set. The recent booms in oil and rubber have had the effect of transferring many a comfortable rent roll from its owner's bankers—milady's just as often as milord's—to the chartered mortgagors of the financial world. The panic in America in 1907 showed to what extent the English nobility was interested, not only in gilt-edged securities, but also to what degree it was involved in wildcat finance. The directing geniuses of many of the suspect ventures of to-day in London are often the possessors of names that are writ rubric in the pages of Debrett and Burke.

"According to a London radical paper, there are at present over a score of estates in the auction mart which must soon pass from some of the bluest-blooded nobles in Great Britain to men whose fortunes have grown in the past few years from the humblest beginnings, a fact which itself cannot fail to change both the tone and constitution of town and country society."

Quarren read every column, grimly, to the end, wincing when he encountered some casual reference to himself and his recent social activities. Then, lips compressed, boyish gaze fixed on the passing landscape, he sat brooding until at last the conductor opened the door and shouted the name of his station.

The Wycherlys' new place, Witch-Hollow, a big rambling farm among the Connecticut hills, was only three hours from New York, and half an hour by automobile from the railroad. The buildings were wooden and not new; a fashionable architect had made the large house "colonially" endurable with furnaces and electricity as well as with fan-lights and fluted pilasters.

Most of the land remained wild—weed-grown pastures, hard-wood ridges, neglected orchards planted seventy years ago. Molly Wycherly had ordered a brand new old-time garden to be made for her overlooking the wide, unruffled river; also a series of sylvan paths along the wooded shores of the hill-set lake which was inhabited by bass placed there by orders of her husband.

"For Heaven's sake," he said to his wife, "don't try to knock any antiquity into the place; I'm sick of fine old ancestral halls put up by building-loan associations. Plenty of paint and varnish for mine, Molly, and a few durable iron fountains and bronze stags on the lawn——"

"No, Jim," she said firmly.

So he ordered an aeroplane, a herd of sheep, a shepherd, and two tailless sheep-dogs, and made plans to spend most of his vacation yachting, when he did not spend it in town.

But he was restlessly domiciled at Witch-Hollow, now, and he met Quarren at the station in a bright purple runabout which he drove like lightning, one hand on the steering wheel, the other carelessly waving toward the streaky landscape in affable explanation of the various points of interest.

"Quite a little colony of us up here, Quarren," he said. "I don't know why anybody picked out this silly country for estates, but Langly Sprowl started a stud farm over yonder, and then poor Chester Ledwith built a house for his wife in the middle of a thousand acres, over there where you see those maple woods!—and then people began to come and pick up worn-out farms and make 'em into fine old family places—Lester Caldera's model dairies are behind that hill; and that leather-headed O'Hara has a bungalow somewhere—and there's a sort of Hunt Club, too, and a bum pack of Kiyi's——"