"Well," Airey answered, laughing, "entre nous, you know, Standish, when girls are well off and help to keep up the whole sport of the season, it is no harm to swear they are lovely, when you're sure they'll hear it again."

"Oh, of course not! That's a serious duty sometimes. And are those two of your hospitable entertainers?"

"Yes, by Jove they don't let the fun run down. They are jolly to kill time with, but upon my word, I find the greater number of girls in society here are very insipid. If you can't talk nonsense to them, they can't talk anything else to you. And though we fellows knock a good deal of fun out of their parties, etc., still, we've earned it by the time we've talked over all the little gossip of the day with them, flirted a little, escorted them to some opera or other, and minded ourselves to say nothing but what was most flattering, when speaking of them."

"Well I should think you had," answered his friend, with a low laugh, "you can get something more than that, with less trouble, elsewhere."

"Yes, but half a loaf is better than none," rejoined Airey, "and these young ladies are not so bad when one is in the humor to be amused."

Just as he finished speaking, he noticed a familiar form walking steadily on in front. He clapped his hand heavily down on the shoulder of him he recognized, and shouted.

"Hallo, Elersley," in genuine surprise.

Guy started and looked around. Poor fellow! Already the traits of sadness were visible in his handsome face. He only parted his lips slightly as he turned to greet his friend.

"What, in the name of all that's nice, have you been doing with yourself, Guy? We've missed you awfully."

"I dare say, I have been a little quiet lately," Guy answered. "I am busy at present, but I don't think I need complain of it. I am feeling better than if I were living more on the streets."