“Have your people Turkish or Russian bonds?”

“No; why on earth should you think that?”

“Oh, because you are so interested in that war. You would be in a bad way in that case. It is great folly. We don’t have anything to do with that sort of thing either—do we, Emily?”

“No, indeed,” said Emily. “As far as we are concerned, all Europe can go to war.”

“Alas!” cried Jo, who had not been listening to this dialogue between the couple. “What terrible news, Max! To think of the waste of strong young lives, and all the wives and mothers who are left at home.” And instinctively she drew little Jan towards her, and pressed him close.

“Well, there’s no danger for him in the meantime,” said Martendijk; and Mr and Mrs Van Elst glanced at one another, as they had so often done during the past few days, as if to ask what manner of people these cousins could be.

Mrs Martendijk was also glancing through a newspaper, and, suddenly turning to her husband, she exclaimed, “What did I prophesy, Piet? Van Dalem is in the bankruptcy court.”

“Well, well!” said Piet. “After all, what else was to be expected. It’s the last straw breaks the camel’s back! It is the man’s own fault. You must understand, Max,” he continued, addressing his cousin, “this Van Dalem was a near neighbour of ours. He came into a splendid business, and might have been rolling in wealth in a few years; but you never saw such a spendthrift. He was always thrusting himself forward, always entertaining, always having visitors——”

“Yes,” affirmed Emily; “and the worst of it was, while his wife was giving parties, he was lending money right and left,—standing security, advancing money to every beggar who came to him; he said he could not refuse.”

“Real good-natured folk, then?” asked Van Elst.