"Oh, do you know them?" asked Waveney, eagerly; but it struck her that he evaded the question.

"We have mutual friends," he replied, rather stiffly. "They are excellent women, and do an immense amount of good. They have a sort of home for broken-down governesses, and they do a lot for shop-women. I have an immense respect for people who do that sort of thing," recovering his sprightliness. "I tried slumming once myself, but I had to give it up; it was not my vocation. The boys called me 'Guy Fawkes,' and that hurt my feelings. By the bye," as they both laughed at this, "I have never explained the purport of my visit. I understood from your sister," and here he looked at Waveney, "that Mr. Ward had a picture for sale. 'King Canute,' was it not? Well, a friend of mine has a picture-gallery, and he is always buying pictures. He wants to fill up a vacant place in an alcove, and he suggested some early English historical subject. He has an 'Alfred toasting the cakes in the swine-herd's cottage,' and a 'St. Augustine looking at the Saxon slaves in the market-place,' and it struck me that 'King Canute' would be an excellent subject."

"What lots of friends you seem to have!" remarked Mollie, innocently. "There is the one who shoots pheasant, and the one who buys menu cards, and now another who buys pictures."

Ingram looked a little embarrassed, but he was amused too.

"One can't knock about the world without making friends," he said, lightly. "Do you recollect what Apolinarius says: 'for I am the only one of my friends I rely on.' But the Chinese have a better maxim still: 'There are plenty of acquaintances in the world, but very few real friends.'"

"Is the picture friend only an acquaintance?" asked Mollie, rather provokingly.

"No, indeed," returned Ingram, energetically. "We are like brothers, he and I, and I have known him all my life. Well, Miss Mollie, do you think your father would be willing to let my friend have 'King Canute'? It is a famous subject, and brings back the memories of one's school days;" and then he walked to the picture and stood before it, as though he were fascinated; but in reality he was saying to himself, "Now, what am I to offer for this very mawkish and stilted performance?" And the question was so perplexing that he fell into a brown study.

Mollie looked at her sister. She was brimful of excitement. But Waveney shook her head.

"Would it not be better for your friend to see the picture first?" she said, in a cool, business-like tone; but inwardly she was just as excited as Mollie. Ten pounds would pay all they owe to Barber, and Chandler would wait. "I am sure that father would be pleased to see any one who cared to look at the picture," she finished, boldly.

Mr. Ingram regarded her pleasantly.