“Three cheers for the bold fisherman!” grinned Martin, as Stephen rushed from the hall with an eagerness which did credit to his sense of duty toward Jabez.

Twilight was drawing down, damp and dusky, over rocks and harbor, as Stephen hurried down to the breakwater. With swift precaution, he stepped along over the loose stones—no one was there. He looked about in desperate search. Then, in a little rocky nook at the extreme point, he caught the glint of a familiar yellow head.

“Elfie!” he called, softly, as he hastened toward her. Her white form rose up; she stood there looking at him, her book still in her hand—looking at him silently.

As he joined her she laughed, a little, nervous laugh. “Oh, Mr. Glyn, is that you?” she said. “And have you come to tell me about your cruise?”

For a moment Stephen stood at a loss. Here before those clear cool eyes, what Martin had told him seemed so absurd, so impossible. His eyes fell upon the book in her hand. Suddenly, as he read the title in the fading light, his heart beat again high and quick.

He put out his hand and gently took the volume from her. “I see that you have been reading about Undine,” he said, tentatively.

She flushed a bright rose color; it was the second time he had ever seen her color change. “Ah!” she cried, in a pale reflection of her old mocking defiance. “The story you told me about—I’m sorry, you know, but, really, I don’t find it very interesting.”

Stephen looked at her. “Elfie——” he said, but she stretched out her hand in sudden embarrassment. “Give it back to me, please,” she whispered. “I didn’t mean to be reading it now. Give it to me, please.”

For a moment Stephen stared at her, bewildered at this sudden intensity of appeal. With her old impulsiveness, she flung out her arm to snatch the betraying volume from his grasp. The laces of her sleeve fell back, and there about her wrist Stephen beheld a bracelet—a string of large, irregular pearls, rimmed and linked in silver.

He dropped the book and seized the hand in both of his own.