"THE CHILDREN THREW THEIR MARBLES AT THE BEAUTY."

The fact of a picture worth £10,000 being converted into a sort of bullseye mark for schoolboys' marbles is a little history in itself. The work, by Gainsborough, is that of the Honourable Miss Duncombe—a renowned beauty of her day, who lived at Dalby Hall, near Melton Mowbray. She married General Bowater. For over fifty years this magnificent work of art had hung in the hall of this old house in Leicestershire, and the children, as they played and romped about the ancient oaken staircases, delighted to make a target of the Gainsborough, and to throw their marbles at the beauty. It hung there year after year, full of holes, only to be sold under the hammer one day for the sum of £6, a big price for the torn and tattered canvas. The owner of the bargain let it go for £183 15s., the lucky purchaser this time being Mr. Henry Graves. The day it came into the famous printseller's shop in Pall Mall, Lord Chesterfield offered 1,000 guineas for it, at which price it was sold. But romances run freely amongst all things pertaining to pictures, for before the work was delivered a fever seized Lord Chesterfield and he died. Lady Chesterfield was informed that, if she wished, the agreement might be cancelled. Her ladyship replied that she was glad of this, as she did not require the picture, which accordingly remained in Mr. Graves' shop waiting for another purchaser. It had not long to wait. One of the wealthiest and most discriminating judges of pictures in England, Baron Lionel Rothschild, came in search of it, and the following conversation between him and the owner, Mr. Graves, ensued:

THE HONOURABLE MISS DUNCOMBE. By Gainsborough.

"You ask me fifteen hundred guineas for it?" exclaimed the great financier, when he was told the price; "why, you sold it the other day for a thousand!"

"Yes, I know I did," replied the dealer, "but that was done in a hurry, before it had been restored."

"Well, now I'll give you twelve hundred for it—twelve hundred," said the Baron, looking longingly at the work.

"Now, Baron," said Mr. Graves, good-humouredly, though firmly, "if you beat me down another shilling, you shan't have the picture at all."

"Very good—then send it home at fifteen hundred guineas." It is now amongst the most valued artistic treasures of the Rothschilds, and £10,000 would not buy it to-day.

The two illustrations we now give of pictures—one of which is still missing and the other recovered after a long lapse of time—are both after Sir Joshua Reynolds. It is certain that the missing one will never be seen again. Reward after reward has been offered, but all to no avail—"The Countess of Derby," by Sir Joshua, so far as the original goes, is a thing of the past. The mystery as to its sudden disappearance has never been fully cleared up, but it is indisputable that the Earl of Derby of the period had this picture painted of his wife, that he quarrelled with her, and that just at this time the picture vanished. Little room is left for doubt that the Earl himself destroyed the work.