'It appears that these transactions were the only things of the kind that he has done this year. That is to say, he denies having done these.'

'Well—as for these having been the only transactions of the kind, he managed a good bit of such business for me this last spring.'

'Did he? Do you remember the details of that business?'

'Clearly. It was only yesterday, so to speak.'

'Was it the purchase or transfer of stock or shares?'

'Certainly. To a very large amount. I have told you about my Industrial Village, have I not? The Village where all are to be equal—all are to work for a certain time every day, and no longer—all are to be paid in rations and clothes and houses, and there is to be no private property—my Ideal Village.'

'I know. A lovely Village.'

'It was early in the spring that I finished my designs for it. Then it occurred to me that it would be well if, instead of always going to my lawyer for money, I had a large sum at my command lying at my Bank. So I instructed Dering to transfer to my name a great quantity of stocks lying in his name. He was a trustee or a—well—it is rather unusual, but I like having all my business affairs managed for me, and—— But this will not interest you'—this with the look of irritation or bewilderment which sometimes passed over his face. 'The important thing is that it was done, and that my Bank received those transfers, and has instructions to receive the dividends.'

'Oh! And has all the papers, I suppose?'

'It had them. But I thought that perhaps my old friend might think it looked like want of confidence if I left them there, so I sent for them, and took them to his office. They are now in the safe. I put them there myself with my own hand; or he did with his own hand—I forget. Sometimes—it is very odd—when I think of things done at that office, I seem to have done it myself; and sometimes I think that he did it. Not that it matters.'