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you, darling? It's the fifty-third."

      "Ah, but you wait till you see. Abington Abbey. What do you think of that for a name? Just come into the market. There are cloisters, and a chapel. Stew ponds. A yew walk. Three thousand acres, and a good head of game. More can be had by arrangement, and we'll arrange it. Presentation to living. We'll make Bunting a parson, and present him to it. Oh, it's the very thing. I haven't told you half. Come and have a look at it."

      George Grafton spread out papers and photographs on a table. His daughter, Caroline, roused herself from her book and her easy chair in front of the fire to come and look at them. He put his arm around her slim waist and gave her a kiss, which she returned with a smile. "Darling old George," she said, settling his tie more to her liking, "I sometimes wish you weren't quite so young. You let yourself in for so many disappointments."

      George Grafton did look rather younger than his fifty years, in spite of his grey hair. He had a fresh complexion and a pair of dark, amused, alert eyes. His figure was that of a young man, and his daughter had only settled his tie out of affection, for it and the rest of his clothes were perfect, with that perfection which comes from Bond Street and Savile Row, the expenditure of considerable sums of money, and exact knowledge and taste in such matters. He was, in fact, as agreeable to the eye as any man of his age could be, unless you were to demand evidences of unusual intellectual power, which he hadn't got, and did very well without.

      As for his eldest daughter Caroline, her appeal to the eye needed no qualification whatever, for she had, in addition to her attractions of feature and colouring, that adorable gift of youth, which, in the case of some fortunate beings, seems to emanate grace. It was so with her. At the age of twenty there might have been some doubt as to whether she could be called beautiful or only very pretty, and the doubt would not be resolved for some few years to come. She had delicate, regular features, sweet eyes, a kind smiling mouth, a peach-like soft-tinted skin, nut-coloured hair with a wave in it, a slender column of a neck, with deliciously modulated curves of breast and shoulders. She looked thorough-bred, was fine at the extremities, clean-boned and long in the flank, and moved with natural grace and freedom. Half of these qualities belonged to her youth, which was so living and palpitating in her as to be a quality of beauty in itself.

      She was charmingly dressed, and her clothes, like her father's, meant money, as well as perfect taste; or perhaps, rather, taste perfectly aware of the needs and fashions of the moment. They were both of them people of the sort whom wealth adorns, who are physically perfected and mentally expanded by it: whom it is a pleasure to think of as rich. The room in which we first meet them gave the same sense of satisfaction as their clothes and general air of prosperity, and expressed them in the same way. It was a large room, half library, half morning-room. There was a dark carpet, deep chairs and sofas covered with bright chintzes, many books, pictures, flowers, some ornaments of beauty and value, but few that were not also for use, all the expensive accessories of the mechanism of life in silver, tortoise-shell, morocco. It was as quiet and homelike as if it had been in the heart of the country, though it was actually in the heart of London. A great fire of logs leapt and glowed in the open hearth, the numerous electric globes were reduced in their main effect to a warm glow, though they gave their light just at the points at which it was wanted. It was a delightful room for ease of mind and ease of body—or for family life, which was a state of being enjoyed and appreciated by the fortunate family which inhabited it.

      There were five of them, without counting the Dragon, who yet counted for a great deal. George Grafton was a banker, by inheritance and to some extent by acquirement. His business cares sat lightly on him, and interfered in no way with his pleasures. But he liked his work, as he liked most of the things that he did, and was clever at it. He spent a good many days in the year shooting and playing golf, and went away for long holidays, generally with his family. But his enjoyments were enhanced by not being made the business of his life, and his business was almost an enjoyment in itself. It was certainly an interest, and one that he would not have been without.

      He had married young, and his wife had died at the birth of his only son, fifteen years before. He had missed her greatly, which had prevented him from marrying again when his children were all small; and now they were grown up, or growing up, their companionship was enough for him. But he still missed her, and her memory was kept alive among his children, only the eldest of whom, however, had any clear recollection of her.

      Beatrix, the second girl, was eighteen, Barbara, the third, sixteen. Young George, commonly known as Bunting in this family of nicknames, was fourteen. He was now enjoying himself excessively at Eton, would presently enjoy himself equally at Cambridge, and in due time would be introduced to his life work at the bank, under circumstances which would enable him to enjoy himself just as much as ever, and with hardly less time at his disposal than the fortunate young men among his contemporaries whose opportunities for so doing came from wealth inherited and not acquired. Or if he chose to take up a profession, which in his case could only be that of arms, he might do so, with his future comfort assured, the only difference being that he could not expect to be quite so rich.

      This is business on the higher scale as it is understood and for the most part practised in England, that country where life is more than money, and money, although it is a large factor in gaining prizes sought for, is not the only one. It may be necessary to 'go right through the mill' for those who have to make their own way entirely, though it is difficult to see how the purposes of high finance can be better served by some one who knows how to sweep out an office floor than by some one who has left that duty to a charwoman. The mysteries of a copying-press are not beyond the power of a person of ordinary intelligence to learn in a few minutes, and sticking stamps on letters is an art which has been mastered by most people in early youth. If it has not, it may be safely left to subordinates. George Grafton was as well dressed as any man in London, but he had probably never brushed or folded his own clothes. Nor had he served behind the counter of his own bank, nor often filled up with his own hand the numerous documents which he so effectively signed.

      It is to be supposed that the pure mechanism of business, which is not, after all, more difficult to master than the mechanism of Latin prose, is not the only thing sought to be learnt in this vaunted going through of the mill. But it is doubtful whether the young Englishman who is introduced for the first time into a family business at the age of twenty-two or three, and has had the ordinary experience of public school and university life, is not at least as capable of judging and dealing with men as his less fortunate fellow who has spent his youth and early manhood doing the work of a clerk. His opportunities, at least, have been wider of knowing them, and he has had his training in obedience and discipline, and, if he has made use of his opportunities, in responsibility. At any rate, many of the old-established firms of world-wide reputation in the City of London are directed by men who have had the ordinary education of the English leisured classes, and may be said to belong to the leisured classes themselves, inasmuch as their work is not allowed to absorb all their energies, and they live much the same lives as their neighbours who are not engaged in business. George Grafton was one of them, and Bunting would be another when his time came.

      The Dragon was Miss Waterhouse, who had come to the house in Cadogan Place to teach Caroline fifteen years before, and had remained there ever since. She was the mildest, softest-hearted, most devoted and affectionate creature that was ever put into a position of authority; and the least authoritative. Yet her word 'went' through all the household.

      "It is a jolly house, you know, dear," said Caroline, after she had fully examined pictures and papers. "I'm not sure that it isn't the very one, at last. But are you sure you can afford it, darling? It seems a great deal of money."

      "It's rather cheap, really. They've stuck on a lot for the furniture and things. But they say that it's not nearly what they're worth. They'll sell the place without them if I like, and have a sale of them. They say they'd fetch much more than they're asking me."

      "Well, then, why don't they do it?"

      "Oh, I don't know. But we could go and have a look and see what they are worth—to us, I mean. After all, we should buy just that sort of thing, and it would take us a lot of time and trouble. We should probably have to pay more in the long run, too."

      "I had

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