"I thought I ought to break with him at once, and not let him suppose that there was any hope for him or me if father was poor. It was my one chance, in this whole business, to do anything heroic, and I jumped at it. You mustn't think, because I can laugh at it now, that I wasn't in earnest, mother! I WAS--dead! But the Colonel has gone to ruin so gradually, that he's spoilt everything. I expected that he would be bankrupt the next day, and that then HE would understand what I meant. But to have it drag along for a fortnight seems to take all the heroism out of it, and leave it as flat!" She looked at her mother with a smile that shone through her tears, and a pathos that quivered round her jesting lips. "It's easy enough to be sensible for other people. But when it comes to myself, there I am! Especially, when I want to do what I oughtn't so much that it seems as if doing what I didn't want to do MUST be doing what I ought! But it's been a great success one way, mother. It's helped me to keep up before the Colonel. If it hadn't been for Mr. Corey's staying away, and my feeling so indignant with him for having been badly treated by me, I shouldn't have been worth anything at all."

The tears started down her cheeks, but her mother said, "Well, now, go along, and write to him. It don't matter what you say, much; and don't be so very particular."

Her third attempt at a letter pleased her scarcely better than the rest, but she sent it, though it seemed so blunt and awkward. She wrote:--

DEAR FRIEND,--I expected when I sent you that note, that you would understand, almost the next day, why I could not see you any more. You must know now, and you must not think that if anything happened to my father, I should wish you to help him. But that is no reason why I should not thank you, and I do thank you, for offering. It was like you, I will say that.

Yours sincerely, PENELOPE LAPHAM.

She posted her letter, and he sent his reply in the evening, by hand:--

DEAREST,--What I did was nothing, till you praised it. Everything I have and am is yours. Won't you send a line by the bearer, to say that I may come to see you? I know how you feel; but I am sure that I can make you think differently. You must consider that I loved you without a thought of your father's circumstances, and always shall.

T. C.

The generous words were blurred to her eyes by the tears that sprang into them. But she could only write in answer:--

"Please do not come; I have made up my mind. As long as this trouble is hanging over us, I cannot see you. And if father is unfortunate, all is over between us."