'What is the matter? Take a chair, Aunt Louisa.'

'What is the matter! Oh, my dear! I cannot sit, I am in such a nervous condition. It is positively awful. And poor Lamb a director. I am afraid it will damage his prospects.'

'But what has happened?'

'Oh—everything. Nothing so awful since the Fire of London and the Earthquake of Lisbon. And Smithies recommended it.'

'What—Smithies, whom you sent here to investigate the books?' asked Philip dryly.

'Oh, my dear! It is always best to do business in a business way. Of course, I don't distrust you, but I am sure it gratifies you that I should send my agent to run through the books.'

'Well, and what has your agent, Smithies, done now?'

'Oh, Smithies has done nothing himself. Smithies is as much concerned as myself. But he is to blame for advising me to sell my bonds in Indian railways and put the money into iodine or decimals, or something of that sort, and persuading Lamb to become a director of the company.'

'What company?'

'Oh! don't you know? The Iodinopolis Limited Liability Company. It promised to be a most successful speculation. It had an earl at the head. The company proposed to open quarries for stone, others for lime, erect houses, hotels, and churches, high and low, make a great harbour, and Beaple Yeo——'