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looked up.

He saw a brown-faced man, with laughing grey eyes, a tall man in a long overcoat, carrying a grey silk hat in his hand.

"Pardon me, my jolly old intruder," said Bones with dignity, "this is a private——" Then his jaw dropped and he leant on the desk for support. "Not my—— Good heavens!" he squeaked, and then leapt across the room, carrying with him the flex of his table lamp, which fell crashing to the floor.

"Ham, you poisonous old reptile!" He seized the other's hand in his bony paw, prancing up and down, muttering incoherently.

"Sit down, my jolly old Captain. Let me take your overcoat. Well! Well! Well! Give me your hat, dear old thing—dear old Captain, I mean. This is simply wonderful! This is one of the most amazin' experiences I've ever had, my dear old sportsman and officer. How long have you been home? How did you leave the Territory? Good heavens! We must have a bottle on this!"

"Sit down, you noisy devil," said Hamilton, pushing his erstwhile subordinate into a chair, and pulling up another to face him.

"So this is your boudoir!" He glanced round admiringly. "It looks rather like the waiting-room of a couturière."

"My dear old thing," said the shocked Bones, "I beg you, if you please, remember, remember——" He lowered his voice, and the last word was in a hoarse whisper, accompanied by many winks, nods, and pointings at and to a door which led from the inner office apparently to the outer. "There's a person, dear old man of the world—a young person—well brought up——"

"What the——" began Hamilton.

"Don't be peeved!" Bones's knowledge of French was of the haziest. "Remember, dear old thing," he said solemnly, wagging his inky forefinger, "as an employer of labour, I must protect the young an' innocent, my jolly old skipper."

Hamilton looked round for a missile, and could find nothing better than a crystal paper-weight, which looked too valuable to risk.

"'Couturière,'" he said acidly, "is French for 'dressmaker.'"

"French," said Bones, "is a language which I have always carefully avoided. I will say no more—you mean well, Ham."

Thereafter followed a volley of inquiries, punctuated at intervals by genial ceremony, for Bones would rise from his chair, walk solemnly round the desk, and as solemnly shake hands with his former superior.

"Now, Bones," said Hamilton at last, "will you tell me what you are doing?"

Bones shrugged his shoulders.

"Business," he said briefly. "A deal now and again, dear old officer.
Make a thousand or so one week, lose a hundred or so the next."

"But what are you doing?" persisted Hamilton.

Again Bones shrugged, but with more emphasis.

"I suppose," he confessed, with a show of self-deprecation which his smugness belied, "I suppose I am one of those jolly old spiders who sit in the centre of my web, or one of those perfectly dinky little tigers who sit in my jolly old lair, waiting for victims.

"Of course, it's cruel sport"—he shrugged again, toying with his ivory paper-knife—"but one must live. In the City one preys upon other ones."

"Do the other ones do any preying at all?" asked Hamilton.

Up went Bones's eyebrows.

"They try," he said tersely, and with compressed lips. "Last week a fellow tried to sell me his gramophone, but I had a look at it. As I suspected, it had no needle. A gramophone without a needle," said Bones, "as you probably know, my dear old musical one, is wholly useless."

"But you can buy them at a bob a box," said Hamilton.

Bones's face fell.

"Can you really?" he demanded. "You are not pulling my leg, or anything? That's what the other fellow said. I do a little gambling," Bones went on, "not on the Stock Exchange or on the race-course, you understand, but in Exchanges."

"Money Exchanges?"

Bones bowed his head.

"For example," he said, "to-day a pound is worth thirty-two francs, to-morrow it is worth thirty-four francs. To-day a pound is worth four dollars seventy-seven——"

"As a matter of fact, it is three dollars ninety-seven," interrupted
Hamilton.

"Ninety-seven or seventy-seven," said Bones irritably, "what is four shillings to men like you or me, Hamilton? We can well afford it."

"My dear chap," said Hamilton, pardonably annoyed, "there is a difference of four shillings between your estimate and the rate."

"What is four shillings to you or me?" asked Bones again, shaking his head solemnly. "My dear old Ham, don't be mean."

There was a discreet tap on the door, and Bones rose with every evidence of agitation.

"Don't stir, dear old thing," he pleaded in a husky whisper. "Pretend not to notice, dear old Ham. Don't be nervous—wonderful young lady——"

Then, clearing his throat noisily, "Come in!" he roared in the tone that a hungry lion might have applied to one of the early Christian martyrs who was knocking by mistake on the door of his den.

In spite of all injunctions, Hamilton did look, and he did stare, and he did take a great deal of notice, for the girl who came in was well worth looking at. He judged her to be about the age of twenty-one. "Pretty" would be too feeble a word to employ in describing her. The russet-brown hair, dressed low over her forehead, emphasized the loveliness of eyes set wide apart and holding in their clear depths all the magic and mystery of womanhood.

She was dressed neatly. He observed, too, that she had an open book under her arm and a pencil in her hand, and it dawned upon him slowly that this radiant creature was—Bones's secretary!

Bones's secretary!

He stared at Bones, and that young man, very red in the face, avoided his eye.

Bones was standing by the desk, in the attitude of an after-dinner speaker who was stuck for the right word. In moments of extreme agitation Bones's voice became either a growl or a squeak—the bottom register was now in exercise.

"Did—did you want me, young miss?" he demanded gruffly.

The girl at the door hesitated.

"I'm sorry—I didn't know you were engaged. I wanted to see you about the Abyssinian——"

"Come in, come in, certainly," said Bones more gruffly than ever. "A new complication, young miss?"

She laid a paper on the desk, taking no more notice of Hamilton than if he were an ornament on the chimney-piece.

"The first instalment of the purchase price is due to-day," she said.

"Is it?" said Bones, with his extravagant surprise. "Are you certain, young miss? This day of all days—and it's a Thursday, too," he added unnecessarily.

The girl smiled and curled her lip, but only for a second.

"Well, well," said Bones, "it's a matter of serious importance. The cheque, jolly old young miss, we will sign it and you will send it off. Make it out for the full amount——"

"For the three thousand pounds?" said the girl.

"For the three thousand pounds," repeated Bones soberly. He put in his monocle and glared at her. "For the three thousand pounds," he repeated.

She stood waiting, and Bones stood waiting, he in some embarrassment as to the method by which the interview might be terminated and his secretary dismissed without any wound to her feelings.

"Don't you think to-morrow would do for the cheque?" she asked.

"Certainly, certainly," said Bones. "Why not? To-morrow's Friday, ain't it?"

She inclined her head and walked out of the room, and Bones cleared his throat once more.

"Bones——"

The young man turned to meet Hamilton's accusing eye.

"Bones," said Hamilton gently, "who is the lady?"

"Who is the lady?" repeated Bones, with a cough. "The lady is my secretary, dear old inquisitor."

"So I gather," said Hamilton.

"She is my secretary," repeated Bones. "An extremely sensible young woman, extremely sensible."

"Don't be silly," said Hamilton. "Plenty of people are sensible. When you talk about sensible young women, you mean plain young women."

"That's true," said Bones; "I never thought of that. What a naughty old mind you have, Ham."

He seemed inclined to change the subject.

"And now, dear old son," said Bones, with a brisk return to his what-can-I-do-for-you air, "to business! You've come, dear old thing, to consult me."

"You're surprisingly right," said Hamilton.

"Well," said Bones, trying three drawers of his desk before he could find one that opened, "have a cigar, and let us talk."

Hamilton took the proffered weed and eyed it suspiciously.

"Is this one that was given to you, or one that you bought?" he demanded.

"That, my jolly old officer," said Bones, "is part of a job lot that I bought pretty cheap. I've got a rare nose for a bargain——"

"Have you a rare nose for a cigar, that's the point?" asked Hamilton, as he cut off the end and lit it gingerly.

"Would I give you a bad cigar?" asked the indignant Bones. "A gallant old returned warrior, comrade of my youth, and all that sort of thing! My dear old Ham!"

"I'll tell you in a minute," said Hamilton, and took two draws.

Bones, who was no cigar smoker, watched the proceedings anxiously.
Hamilton put the cigar down very gently on the corner of the desk.

"Do you mind if I finish this when nobody's looking?" he asked.

"Isn't it all right?" asked Bones. "Gracious heavens! I paid fifty shillings a hundred for those! Don't say I've been done."

"I don't see how you could be done at that price," said Hamilton, and brushed the cigar gently into the fireplace. "Yes, I have come to consult you, Bones," he went on. "Do you remember some eight months ago I wrote to you telling you that I had been offered shares in a motor-car company?"

Bones had a dim recollection that something of the sort had occurred, and nodded gravely.

"It seemed a pretty good offer to me," said Hamilton reflectively. "You remember I told you there was a managership attached to the holding of the shares?"

Bones shifted uneasily in his chair, sensing a reproach.

"My dear old fellow——" he began feebly.

"Wait a bit," said Hamilton. "I wrote to you and asked you your advice. You wrote back, telling me to have nothing whatever to do with the Plover Light Car Company."

"Did I?" said Bones. "Well, my impression was that I advised you to get into it as quickly as you possibly could. Have you my letter, dear old thing?"

"I haven't," said Hamilton.

"Ah," said Bones triumphantly, "there you are! You jolly old rascal, you are accusing me of putting you off——"

"Will you wait, you talkative devil?" said Hamilton. "I pointed out to you that the prospects were very alluring. The Company was floated with a small capital——"

Again Bones interrupted, and this time by rising and walking solemnly round the table to shake hands with him.

"Hamilton, dear old skipper," he pleaded. "I was a very busy man at that time. I admit I made a mistake, and possibly diddled you out of a fortune. But my intention was to write to you and tell you to get into it, and how I ever came to tell you not to get into it—well, my poor old speculator, I haven't the slightest idea!"

"The Company——" began Hamilton.

"I know, I know," said Bones, shaking his head sadly and fixing his monocle—a proceeding rendered all the more difficult by the fact that his hand never quite overtook his face. "It was an error on my part, dear old thing. I know the Company well. Makes a huge profit! You can see the car all over the town. I think the jolly old Partridge——"

"Plover," said Hamilton.

"Plover, I mean. They've got another kind of car called the Partridge," explained Bones. "Why, it's one of the best in the market. I thought of buying one myself. And to think that I put you off that Company! Tut, tut! Anyway, dear old man," he said, brightening up, "most of the good fish is in the sea, and it only goes bad when it comes out of the sea. Have you ever noticed that, my dear old naturalist?"

"Wait a

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