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shrugged her shoulders and rose.

      "Well," she said, "I mustn't monopolize you any longer, or I shall be in disgrace."

      She walked away with a little nod, leaving behind her a faint but uncomfortable impression. Virginia, an hour or so later, thought it best to tell her uncle of this meeting. They were standing together in one of the reception rooms, waiting for some guests who were coming to dine, and were alone except for a couple of footmen, who were lighting a huge candelabrum of wax candles.

      "Uncle," Virginia said, "I met Stella this afternoon, and she came and spoke to me."

      He looked at her without change of countenance.

      "Well?" he said.

      "I thought I ought to tell you," Virginia continued. "I was not sure how you felt about it."

      "I have no objection," he said, resting his hand for a moment upon her shoulder, "to your talking to her whenever you may happen to meet. Only remember one thing! She must not enter this house. You must never ask her here. You must never suffer her to come. You understand that?"

      "I understand," Virginia answered.

      "And this man Vine, Mr. Norris Vine, have you met him?" he asked.

      Virginia shook her head.

      "No!" she said, "I have never seen him since that night at the restaurant."

      "The same thing," Phineas Duge said, "applies to him. Neither of them must cross the threshold of this house. It is a hard thing to say of one's own daughter, but those two are in league against me, if their combination is worth speaking of seriously."

      Virginia looked hopelessly puzzled. Phineas Duge hesitated for a moment, and then continued—

      "There are phases of our life here," he said, "which you could not hope to understand, even if you had been born in this city. But you can perhaps understand as much as this. In the higher regions of finance there is very much scheming and diplomacy required. One carries always secrets which must not be known, and one does things which it is necessary to conceal for the good of others, as well as for one's own benefit. I have been for some years engaged in operations whose success depends entirely upon the secrecy with which they are conducted. Naturally, there is an opposing side, there always must be. There are buyers and sellers. If one succeeds, the other must fail, so you can understand that one has enemies always."

      "It sounds," she murmured, "almost romantic, like diplomacy or politics."

      He smiled.

      "The secret history of the lives and operations of some of us, who have made names in this country during the last few years," he said, "would make the modern romance seem stale. Even odd scraps of news or surmises are fought for by the Press. The journalists know well enough where to come for their sensation. Our guests at last, I believe. Don't forget what I have been saying to you, Virginia."

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      A MEETING OF GIANTS

      Phineas Duge, if his manners preserved still that sense of restraint which seemed part of the man himself, still made an excellent host. He sat at the head of his table, a distinguished, almost handsome personality, his grey hair accurately parted, every detail of his toilette in exact accordance with the fashions of the moment, his eyes everywhere, his tongue seldom silent.

      Virginia watched him more than once from her seat, in half-unwilling admiration. She was ashamed to admit that her personal enthusiasm for him had in any way abated, and yet she was becoming conscious of that absolute lack of any real cordiality, of any evidence of affection in his demeanour towards her and every one else with whom he was brought into contact. She knew very well what the world's account of him was, for in the old days they had read sketches of his career up in the little farmhouse amongst the mountains. They had read of his indomitable will, of his absolute heartlessness, the stern, persistent individuality which climbs and climbs, heedless of those who must fall by the way. Perhaps he was really like this. Perhaps her first impressions had been wrong. Then, with a sudden wave of shame, she remembered the joyous, affectionate letters which every post brought her from the home, which notwithstanding all her sufferings, she had loved so dearly. She looked down at the pearls which hung from her neck. She saw herself in her spotless muslin gown. She felt the touch of laces and silk, all the nameless effect of this environment of luxury thrilled in her blood. It was better, she decided, that she did not think of the future at all. It was better that she should nurse the gratitude which she most assuredly felt.

      The dinner-party that night consisted of men only, and although the conversation was fairly general, even Virginia had a suspicion that these men had not been brought together absolutely as ordinary guests for social purposes. Lightly though they all talked, there was something in the background. More than once the voices were lowered, allusions were made which she failed to understand, and half-doubting glances were thrown in her direction. One of these her uncle appeared to notice, and, leaning a little forward in his chair, he said a few words to the man at his side in such a way that they were obviously intended for the information of all.

      "My niece," he said, "is going to take the part which I had once hoped my daughter might fill. If the occasion arises, you can speak of any matter of business in which we may be interested, before her. It is necessary," he continued, after a slight pause, "that there should be some one in my household who is above suspicion, I might almost say, above temptation. My niece will hold that post."

      Then they all looked at her, and Virginia was a little frightened. It did not seem to her necessary, however, to say anything. Two of the men she met for the first time, but all were known to her by sight. There was Stephen Weiss, the head of a great trust, long, lean, with inscrutable face, and eyes hidden behind thick spectacles; Higgins, who virtually controlled a great railway system; Littleson and Bardsley, millionaires both, and politicians. It was a gathering of men of almost limitless power; men who, according to some of the papers, lived with their hands upon their country's throat. Littleson leaned over and spoke to her not unkindly.

      "I am sure," he said, "that your uncle has made a wise choice. There are some secrets too great to be in one man's charge alone, and besides—"

      Phineas Duge lifted his hand.

      "Never mind the rest," he said. "I have not explained those circumstances as yet to my niece. If you are quite ready, we will take our coffee in the library." He turned to Virginia, who had risen at once to leave them. "In an hour and a half exactly, Virginia," he said, "come into the library. Not before."

      She glanced at her watch and made a note of the hour. Then she wandered off to one of the smaller drawing-rooms, and, to relieve a certain strain of which she was somehow conscious, she played the piano softly. In the middle of a nocturne of Chopin's the door was opened, and a young man was shown into the room.

      "I beg your pardon," he said, "you are Miss Longworth?"

      She rose at once from the piano seat. He was not dressed for the evening, and he carried a felt hat in his hand. Nevertheless his bearing was pleasant enough, and he seemed to her a gentleman.

      "I am Miss Longworth," she answered. "You want to see my uncle, I suppose? They have made a mistake in showing you in here."

      "Not at all," he answered, with an ingratiating smile. "I know that your uncle is very busy, so I took the liberty of asking to see you. It is such a simple matter I required, that it was not worth while interrupting him. My name is Carr, and I am on the World. There was just an ordinary question or two I was going to put to your uncle, but you can answer them just as well if you will."

      "You mean you are a reporter?" she asked.

      "That's it," he assented. "Odd sort of life in a way, because it sends us round seeking sometimes for the most trivial information. For instance,

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