He breathed heavily, and his breathing was caught up by the breeze, which seemed to sigh a soft remonstrance.

She looked calmly at him. “And how about Mr. Winterborne?” she asked. “I mention it, father, not as a matter of sentiment, but as a question of keeping faith.”

The timber-merchant’s eyes fell for a moment. “I don’t know—I don’t know,” he said. “’Tis a trying strait. Well, well; there’s no hurry. We’ll wait and see how he gets on.”

That evening he called her into his room, a snug little apartment behind the large parlor. It had at one time been part of the bakehouse, with the ordinary oval brick oven in the wall; but Mr. Melbury, in turning it into an office, had built into the cavity an iron safe, which he used for holding his private papers. The door of the safe was now open, and his keys were hanging from it.

“Sit down, Grace, and keep me company,” he said. “You may amuse yourself by looking over these.” He threw out a heap of papers before her.

“What are they?” she asked.

“Securities of various sorts.” He unfolded them one by one. “Papers worth so much money each. Now here’s a lot of turnpike bonds for one thing. Would you think that each of these pieces of paper is worth two hundred pounds?”

“No, indeed, if you didn’t say so.”

“’Tis so, then. Now here are papers of another sort. They are for different sums in the three-per-cents. Now these are Port Breedy Harbor bonds. We have a great stake in that harbor, you know, because I send off timber there. Open the rest at your pleasure. They’ll interest ye.”

“Yes, I will, some day,” said she, rising.