“It will be too late for thee to be out, my child. He comes by the late afternoon train, just in time to dress for dinner and receive us all. He has invited several friends in the neighborhood to dine.”

“What a funny idea! And he is only coming for the day?”

“Only for the day.”

Raymond’s eyebrows closed like a horseshoe over his meditative eyes as he folded the baronet’s letter and laid it aside. There was more in it than he communicated to Franceline. It was the old story; money tight, bills falling due, and no means of meeting them. Lady Rebecca had taken a fresh start, thanks to an Italian quack who had been up from Naples and worked wonders with some diabolical elixir—diabolical beyond a doubt, for nothing but the black-art could explain the sudden and extraordinary rally; she was all but dead when the quack arrived—so Mr. Simpson heard from one of her ladyship’s attendants. Simpson himself was terribly put out by the news; it overturned all his immediate plans; he saw no possibility of any longer avoiding extremities. Extremities meant that the principal creditor, a Jew who had lent a sum of thirty thousand pounds on Sir Simon’s life-interest in Dullerton, at the rate of twenty per cent, was now determined to wait no longer for his arrears of twenty per cent, but turn the baronet out of possession and sell his life-interest in the estate. This sword of Damocles had been hanging over his debtor’s head for the last ten years. It was to meet this usurious interest periodically that Sir Simon was driven to such close quarters. He had up to this time contrived to answer the demand—Heaven and Mr. Simpson alone knew at what sacrifices. But now he had come to a point beyond which even he declared he could not possibly carry his client. He had tried to negotiate post-obit bills on Lady Rebecca’s fifty thousand pounds, but the Jews were too sharp for that. Lady Rebecca was sole master of her fifty thousand pounds, and might leave it to whom she liked. She had made her will bequeathing it to her step-son, and he was morally as certain of ultimately possessing the money as if it were entailed; but moral security is no security at all to a money-lender. The money was not entailed; Lady Rebecca might take it into her head to alter her will; she might leave it to a quack doctor, or to some clever sycophant of an attendant. There is no saying what an old lady of seventy-five may not do with fifty thousand pounds. Sir Simon pshawed and pooh-poohed contemptuously when Simpson enumerated these arguments against the negotiation of the much-needed P. O. bills; but it was no use. Israel was inexorable. And now one particular member of the tribe called Moses to witness that if he were not paid his “twenty per shent” on the first of February, he would seize upon the life-interest of Dullerton Court and make its present owner a bankrupt. He could sell nothing, either in the house or on the estate; the plate and pictures and furniture were entailed. If this were not the case, things need not have come to this with Sir Simon. Two of those Raphaels in the great gallery would have paid the Jew principal and interest together; but not a spoon or a hearth-brush in the Court could be touched; everything belonged to the heir. No mention has hitherto been made of that important person, because he in no way concerns this story, except by the fact of his existence. He was a distant kinsman of the present baronet, who had never seen him. He was in diplomacy, and so lived always abroad. People are said to dislike their heirs.

If Sir Simon disliked any human being, it was his. He did not dislike Lady Rebecca; he was only out of patience with her; she certainly was an aggravating old woman—living on to no purpose, that he could see, except to frustrate and harass him. Yet he had kindly thoughts of her; he had only cold aversion towards the man who was waiting for his own death to come and rule in his stead. He had never spoken of him to M. de la Bourbonais except to inform him that he existed, and that he stood in his way on many occasions. In the letter of this morning he spoke of him once more. The letter was a long one, and calmer than any previous effusion of the kind that Raymond remembered. There was very little vituperation of the duns, or even of the chief scoundrel who was about to tear away the veil that had hitherto concealed the sores and flaws in the popular landlord’s life. This was what he felt most deeply in it all; the disgrace of being shown up as a sham—a man who had lived like a prince while he had been in reality a beggar, in debt up to his ears, and who was now about to be made a bankrupt. Raymond had never before understood the real nature of his friend’s embarrassment; he was shocked and distressed more than he could express. It was not the moment to judge him; to remember the reckless extravagance, the criminal want of prudence, of conscience, that had brought him to this pass. He only thought of the friend of his youth, the kind, faithful, delightful companion who had never failed in friendship, whatever his other sins may have been. And now he was ruined, disgraced before the world, going to be driven forth from his ancestral home branded as a life-long sham. Raymond could have wept for pity. Then it occurred to him with a strange pang that he was to dine with Sir Simon the next day; the head cook had been telegraphed for to prepare the dinner; there was to be a jovial gathering of friends to “cheer him up.” What a mystery it was, this craving for being cheered up, as if the process were a substantial remedy that in some way helped to pay debts, or postpone payment! The count was too sad at heart to smile. He rose from the breakfast-table with a sigh, and was leaving the room when Franceline linked her hands on his arm, and said, looking up with an anxious face:

“It is a long letter, petit père; is there any bad news?”

“There is hardly any news at all,” he replied evasively. In truth there was not.

“Then why do you look so sad?”

“Why dost thou look so pale?” was the reply. And he smiled tenderly and sighed again as he kissed her forehead.

TO BE CONTINUED.