“I don’t believe that,” the others cried in chorus.

“My dear fellows,” answered the elder man. “His pretty wife has absolutely ruined him. Another year, and he’ll be in the Bankruptcy Court.”

“Well, she’s cutting a pretty brilliant figure just now,” exclaimed one. “I saw her at the Gaiety the other night and she looked simply magnificent. She had some young fellow in her box, a fair, insipid-looking youth. Nobody knew who he was.”

“The latest lover, I suppose,” laughed the man who had announced the Earl’s impending bankruptcy. “If report speaks true she’s rather addicted to flirtation.”

“No doubt,” observed one of his companions. “But we’re discussing business just now, not scandal. The virtues or shortcomings of the Countess don’t concern us; what we want is to get Fyneshade on our board. Can it be done?”

“Yes,” promptly answered the man who had first spoken. “I’ll manage it.”

“If you do, then we need have no fear as to the future of the Great Watersmeet Mining and Exploration Company. The Earl’s name carries weight, and, bankrupt or solvent, his influence will be extremely beneficial to us.”

“Very well. I’ll call on him to-morrow,” the man said, blowing a cloud of smoke upward. Then their conversation quickly turned upon some technicalities regarding the property they had acquired somewhere in Mashona-land.

Their suggestion that Mabel had already caused her husband financial difficulties was new to me. If true, it was certainly a startling fact, and as I sat making pretence of continuing my letter, I could not help feeling that there might be a good deal of truth in what I had overheard. That Mabel was recklessly extravagant; that her entertainments were among the most popular in London; and that her smart circle included many of the Royalties and the wealthiest, were facts known to everybody. She was a leader of fashion, and her bills at Worth’s and Redfern’s since her marriage must have been as large as those of an empress. Toward women she was unmerciful. With her, dowdiness was a crime, and the wearing of a hat or gown a little out of date an unforgivable offence against Society’s laws. She had lately been living at such a terrific rate that her extravagance had become notorious; but I had always believed the rent-roll of Fyneshade to be enormous, and such an eventuality as the Bankruptcy Court had never once entered my mind. This man, a Jew company promoter, apparently had good grounds for his assertion, and his words caused me to ponder deeply, as I descended the stairs and went out with the intention to call at Lady Stretton’s, and ascertain whether Dora had heard from her lover.

Who was this mysterious Sternroyd who had admired Mabel and who now lay dead, shot by an unknown hand? What connection could he have had with my adored one, or with that grim untenanted mansion in Gloucester Square? I took the portrait from my pocket and in the fading light glanced at it as I slowly walked. Yes, there was no mistaking the features, nor the oddly-shaped scarf-pin. It was undoubtedly the same man.