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past, and that really, for once in a way, they ought to be prepared to sacrifice a temporary advantage for the sake of future prosperity. The thought of those regular high dividends gave rise to no gratitude in shareholding hearts; it seemed merely to render them the more furious. The baser passions had been let loose in the Cannon Street Hotel. The directors had possibly been expecting the baser passions, for a posse of policemen was handy at the door, and one shareholder, to save him from having the blood of Marquises on his soul, was ejected. Ultimately, according to the picturesque phrases of the Financial Times report, the meeting broke up in confusion.

"How much have you got in Cohoon's?" Priam asked Alice, after they had looked through the report together.

"All I have is in Cohoon's," said she, "except this house. Father left it like that. He always said there was nothing like a brewery. I've heard him say many and many a time a brewery was better than consols. I think there's 200 L5 shares. Yes, that's it. But of course they're worth much more than that. They're worth about L12 each. All I know is they bring me in L150 a year as regular as the clock. What's that there, after 'broke up in confusion'?"

She pointed with her finger to a paragraph, and he read in a low voice the fluctuations of Cohoon's Ordinary Shares during the afternoon. They had finished at L6 5s. Mrs. Henry Leek had lost over L1,000 in about half-a-day.

"They've always brought me in L150 a year," she insisted, as though she had been saying: "It's always been Christmas Day on the 25th of December, and of course it will be the same this year."

"It doesn't look as if they'd bring you in anything this time," said he.

"Oh, but Henry!" she protested.

Beer had failed! That was the truth of it. Beer had failed. Who would have guessed that beer could fail in England? The wisest, the most prudent men in Lombard Street had put their trust in beer, as the last grand bulwark of the nation; and even beer had failed. The foundations of England's greatness were, if not gone, going. Insufficient to argue bad management, indiscreet purchases of licences at inflated prices! In the excellent old days a brewery would stand an indefinite amount of bad management! Times were changed. The British workman, caught in a wave of temperance, could no longer be relied upon to drink! It was the crown of his sins against society. Trade unions were nothing to this latest caprice of his, which spread desolation in a thousand genteel homes. Alice wondered what her father would have said, had he lived. On the whole, she was glad that he did not happen to be alive. The shock to him would have been too rude. The floor seemed to be giving way under Alice, melting into a sort of bog that would swallow up her and her husband. For years, without any precise information, but merely by instinct, she had felt that England, beneath the surface, was not quite the island it had been--and here was the awful proof.

She gazed at her husband, as a wife ought to gaze at her husband in a crisis. His thoughts were much vaguer than hers, his thoughts about money being always extremely vague.

"Suppose you went up to the City and saw Mr. What's-his-name?" she suggested, meaning the signatory of the letter.

"Me!"

It was a cry of the soul aghast, a cry drawn out of him sharply, by a most genuine cruel alarm. Him to go up to the City to interview a solicitor! Why, the poor dear woman must be demented! He could not have done it for a million pounds. The thought of it made him sick, raising the whole of his lunch to his throat, as by some sinister magic.

She saw and translated the look on his face. It was a look of horror. And at once she made excuses for him to herself. At once she said to herself that it was no use pretending that her Henry was like other men. He was not. He was a dreamer. He was, at times, amazingly peculiar. But he was her Henry. In any other man than her Henry a hesitation to take charge of his wife's financial affairs would have been ridiculous; it would have been effeminate. But Henry was Henry. She was gradually learning that truth. He was adorable; but he was Henry. With magnificent strength of mind she collected herself.

"No," she said cheerfully. "As they're my shares, perhaps I'd better go. Unless we both go!" She encountered his eye again, and added quietly: "No, I'll go alone."

He sighed his relief. He could not help sighing his relief.

And, after meticulously washing-up and straightening, she departed, and Priam remained solitary with his ideas about married life and the fiscal question.

Alice was assuredly the very mirror of discretion. Never, since that unanswered query as to savings at the Grand Babylon, had she subjected him to any inquisition concerning money. Never had she talked of her own means, save in casual phrase now and then to assure him that there was enough. She had indeed refused banknotes diffidently offered to her by him, telling him to keep them by him till need of them arose. Never had she discoursed of her own past life, nor led him on to discourse of his. She was one of those women for whom neither the past nor the future seems to exist--they are always so occupied with the important present. He and she had both of them relied on their judgment of character as regarded each other's worthiness and trustworthiness. And he was the last man in the world to be a chancellor of the exchequer. To him, money was a quite uninteresting token that had to pass through your hands. He had always had enough of it. He had always had too much of it. Even at Putney he had had too much of it. The better part of Henry Leek's two hundred pounds remained in his pockets, and under his own will he had his pound a week, of which he never spent more than a few shillings. His distractions were tobacco (which cost him about twopence a day), walking about and enjoying colour effects and the oddities of the streets (which cost him nearly nought), and reading: there were three shops of Putney where all that is greatest in literature could be bought for fourpence-halfpenny a volume. Do what he could, he could not read away more than ninepence a week. He was positively accumulating money. You may say that he ought to have compelled Alice to accept money. The idea never occurred to him. In his scheme of things money had not been a matter of sufficient urgency to necessitate an argument with one's wife. She was always welcome to all that he had.

And now suddenly, money acquired urgency in his eyes. It was most disturbing. He was not frightened: he was merely disturbed. If he had ever known the sensation of wanting money and not being able to obtain it, he would probably have been frightened. But this sensation was unfamiliar to him. Not once in his whole career had he hesitated to change gold from fear that the end of gold was at hand.

All kinds of problems crowded round him.

He went out for a stroll to escape the problems. But they accompanied him. He walked through exactly the same streets as had delighted him in the morning. And they had ceased to delight him. This surely could not be ideal Putney that he was in! It must be some other place of the same name. The mismanagement of a brewery a hundred and fifty miles from London; the failure of the British working-man to drink his customary pints in several scattered scores of public-houses, had most unaccountably knocked the bottom out of the Putney system of practical philosophy. Putney posters were now merely disgusting, Putney trade gross and futile, the tobacconist a narrow-minded and stupid bourgeois; and so on.

Alice and he met on their doorstep, each in the act of pulling out a latchkey.

"Oh!" she said, when they were inside, "it's done for! There's no mistake--it's done for! We shan't get a penny this year, not one penny! And he doesn't think there'll be anything next year either! And the shares'll go down yet, he says. I never heard of such a thing in all my life! Did you?"

He admitted sympathetically that he had not.

After she had been upstairs and come down again her mood suddenly changed. "Well," she smiled, "whether we get anything or not, it's tea-time. So we'll have tea. I've no patience with worrying. I said I should make pastry after tea, and I will too. See if I don't!"

The tea was perhaps slightly more elaborate than usual.

After tea he heard her singing in the kitchen. And he was moved to go and look at her. There she was, with her sleeves turned back, and a large pinafore apron over her rich bosom, kneading flour. He would have liked to approach her and kiss her. But he never could accomplish feats of that kind at unusual moments.

"Oh!" she laughed. "You can look! I'm not worrying. I've no patience with worrying."

Later in the afternoon he went out; rather like a person who has reasons for leaving inconspicuously. He had made a great, a critical resolve. He passed furtively down Werter Road into the High Street, and then stood a moment outside Stawley's stationery shop, which is also a library, an emporium of leather-bags, and an artists'-colourman's. He entered Stawley's blushing, trembling--he a man of fifty who could not see his own toes--and asked for certain tubes of colour. An energetic young lady who seemed to know all about the graphic arts endeavoured to sell to him a magnificent and complicated box of paints, which opened out into an easel and a stool, and contained a palette of a shape preferred by the late Edwin Long, R.A., a selection of colours which had been approved by the late Lord Leighton, P.R.A., and a patent drying-oil which (she said) had been used by Whistler. Priam Farll got away from the shop without this apparatus for the confection of masterpieces, but he did not get away without a sketching-box which he had had no intention of buying. The young lady was too energetic for him. He was afraid of being too curt with her lest she should turn on him and tell him that pretence was useless--she knew he was Priam Farll. He felt guilty, and he felt that he looked guilty. As he hurried along the High Street towards the river with the paint-box it appeared to him that policemen observed him inimically and cocked their helmets at him, as who should say: "See here; this won't do. You're supposed to be in Westminster Abbey. You'll be locked up if you're too brazen."

The tide was out. He sneaked down to the gravelly shore a little above the steamer pier, and hid himself between the piles, glancing around him in a scared fashion. He might have been about to commit a crime. Then he opened the sketch-box, and oiled the palette, and tried the elasticity of the brushes on his hand. And he made a sketch of the scene before him. He did it very quickly--in less than half-an-hour. He had made thousands of such colour 'notes' in his life, and he would never part with any of them. He had always hated to part with
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