"Why, to say truth, I think no one whom Mr. Egerton calls his friend need long remain obscure, if he has the ambition to be otherwise. For Mr. Egerton holds it a maxim never to forget a friend, nor a service."

"Ah, indeed!" said Randal, surprised.

"And, therefore," continued Lady Frederick, "as he passes through life, friends gather round him. He will rise even higher yet. Gratitude, Mr. Leslie, is a very good policy."

"Hem," muttered Mr. Leslie.

They had now gained the room where tea and bread-and-butter were the homely refreshments to the habitués of what at that day was the most exclusive assembly in London. They ensconced themselves in a corner by a window, and Lady Frederick performed her task of cicerone with lively ease, accompanying each notice of the various persons who passed panoramically before them with sketch and anecdote, sometimes good-natured, generally satirical, always graphic and amusing.

By-and-by, Frank Hazeldean, having on his arm a young lady of haughty air, and with high though delicate features, came to the tea-table.

"The last new Guardsman," said Lady Frederick; "very handsome, and not yet quite spoiled. But he has got into a dangerous set."

Randal.—"The young lady with him is handsome enough to be dangerous."

Lady Frederick (laughing).—"No danger for him there—as yet at least. Lady Mary (the Duke of Knaresborough's daughter) is only in her second year. The first year, nothing under an earl; the second, nothing under a baron. It will be full four years before she comes down to a commoner. Mr. Hazeldean's danger is of another kind. He lives much with men who are not exactly mauvais ton, but certainly not of the best taste. Yet he is very young; he may extricate himself—leaving half his fortune behind him. What, he nods to you! You know him?"

"Very well; he is nephew to Mr. Egerton."