"I suppose there was already some moral kink in me waiting to blossom forth under proper encouragement. For though I was very much startled, I cannot say that I was profoundly shocked, as I might have been by a less subtle form of robbery.

"I did not accept or refuse that night, I wanted to think. I knew it was the turning of the ways. On the one hand well-paid roguery, with the accompanying delights of the fashionable world, on the other the deadly, drab life of the poor City drudge. In the morning my mind was made up. I went into partnership with my new friend."

"And you made a fortune, I suppose?" asked Spencer, in a very cold voice.

Esmond shook his head, and Spencer was not at all sure that the next words were truthful ones.

"No, a comfortable living, nothing more. We made a good deal, but we had to lose a good deal, too, in order to avert suspicion."

"Your friend is dead, you say. So you went on with it after his death?"

"Yes, for a little time alone. Then I, too, got in a partner, the man who was with me to-night."

There was a long silence between the two men. Spencer broke it first.

"And what are your plans?" he asked.

"I shall sneak out of the country to-morrow morning and make my way to France. I shall hide myself in some little out-of-the-way village under an assumed name, and rust out." The little man rose and looked at his former friend with an embarrassed air. "Well, thanks for having listened to me so patiently. It has been a tremendous relief to me to pour it all out."