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other. It's off-colour, and you know that as well as I.'

"'Won't you bid for it, then?' said one of them.

"'I'll bid seventy pounds,' I said, 'but not a penny more.'

"You should have heard the howl they all set up. 'It's worth five hundred,' the fellow cried.

"'All right,' I said, 'keep it and sell it for that; good day,' and I went off. The stone was sent after me that evening with a request for my cheque, and I sold it for a hundred two days afterwards.[1] You see old Van Harmer's training has come in very handy. I just tell you this little anecdote to let you see that though I'm new in the work I'm not to be done. Nothing in the papers here from Russia. I am ready, come when it may. What would you do if there should be any hitch and the affair did not come off? Would you cut and run, or would you stand by your colours and pay a shilling or so in the pound? The more I think of it the more I curse your insanity in getting us into such a mess. Good-bye."

"He is right. It was insanity," said the old merchant leaning his head upon his hands. "It seems unkind of the lad to say so when he is so far away, but he was always plain and blunt. 'If the affair did not come off'--he must have some doubts about the matter, else he would not even suppose such a thing. God knows what I should do then. There are other ways--other ways." He passed his hand over his eyes as he spoke, as though to shut out some ugly vision. Such a wan, strange expression played over his grim features that he was hardly to be recognized as the revered elder of the Trinitarian Chapel or the esteemed man of business of Fenchurch Street.

He was lost in thought for some little time, and then, rising, he touched the bell upon the table. Gilray trotted in upon the signal so rapidly and noiselessly, that he might have been one of those convenient genii in the Eastern fables, only that the little clerk's appearance, from the tips of his ink-stained fingers to the toes of his seedy boots, was so hopelessly prosaic that it was impossible to picture him as anything but what he was.

"Ah, Gilray!" the merchant began, "is Mr. Dimsdale in the office?"

"Yes, sir."

"That's all right. He seems to be very regular in his attendance."

"Very, sir."

"And seems to take to the business very well."

"Uncommonly quick, sir, to be sure," said the head clerk. "What with work among the ships, and work in the office, he's at it late and early."

"That is very right," said the old man, playing with the letter weights. "Application in youth, Gilray, leads to leisure in old age. Is the _Maid of Athens_ unloading?"

"Mr. Dimsdale has been down to her this morning, sir. They're getting the things out fast. He wants to call attention to the state of the vessel, Mr. Girdlestone. He says that it's making water even in dock, and that some of the hands say that they won't go back in her."

"Tut! tut!" John Girdlestone said peevishly. "What are the Government inspectors for? There is no use paying them if we are to inspect ourselves. If they insist upon any alterations they shall be made."

"They were there, sir, at the same time as Mr. Dimsdale," said Gilray, diffidently.

"Well, what then?" asked his employer.

"He says, sir, that the inspectors went down to the cabin and had some champagne with Captain Spender. They then professed themselves to be very well satisfied with the state of the vessel and came away."

"There you are!" the senior partner cried triumphantly. "Of course these men can see at a glance how things stand, and if things had really been wrong they would have called attention to it. Let us have no more of these false alarms. You must say a few words on the point to Mr. Dimsdale, as coming from yourself, not from me. Tell him to be more careful before he jumps to conclusions."

"I will, sir."

"And bring me ledger No. 33."

Gilray stretched up his arm and took down a fat little ledger from a high shelf, which he laid respectfully before his employer. Then, seeing that he was no longer wanted, he withdrew.

Ledger No. 33 was secured by a clasp and lock--the latter a patent one which defied all tamperers. John Girdlestone took a small key from his pocket and opened it with a quick snap. A precious volume this, for it was the merchant's private book, which alone contained a true record of the financial state of the firm, all others being made merely for show. Without it he would have been unable to keep his son in the dark for so many months until bitter necessity at last compelled him to show his hand.

He turned the pages over slowly and sadly. Here was a record of the sums sunk in the Lake Tanganyika Gold Company, which was to have paid 33 per cent., and which fell to pieces in the second month of its existence. Here was the money advanced to Durer, Hallett, & Co., on the strength of securities which proved to be the flimsiest of insecurities when tested. Further on was the account of the dealings of the firm with the Levant Petroleum Company, the treasurer of which had levanted with the greater part of the capital. Here, too, was a memorandum of the sums sunk upon the _Evening Star_ and the _Providence_, whose unfortunate collision had well-nigh proved the death blow of the firm. It was melancholy reading, and perhaps the last page was the most melancholy of all. On it the old man had drawn up in a condensed form an exact account of the present condition of the firm's finances. Here it is exactly word for word as he had written it down himself.

GIRDLESTONE & CO. October 1876

Debit. Credit.

Pounds Sterling
Pounds Sterling Debts incurred previous to
| Ezra, in Africa, holds disclosure to Ezra
34000 | this money with which 15000 pounds raised at six
| to speculate. 35000 months, and 20000 pounds
| Balance in bank, at nine months
35000 | including what remains Interest on said money at
| of Dimsdale's premium. 8400 5 per cent. 1125 | Profit on the cargo of Working expenses of the
| _Maid of Athens_, now firm during the next six
| in port. 2000 months, including cost of
| Profit on the cargoes ships, at 150 pounds per
| of _Black Eagle_,_Swan_ week 3900 | and _Panther_, calculated Private expenses at
| at the same rate. 6000 Ecclestone Square, say
1000 | Deficit 26425 Expenses of Langworthy
| in Russia, and of my dear
| son in Africa, say
600 | Insurances 1200 | Total
76825 | Total 76825
| All this money must be found within
|The possibility of the sinking nine months at the outside.
|of a ship must not be
|overlooked--that would bring in
|from 12000 to 20000 pounds.

"Come, it's not so very bad after all," the merchant muttered, after he had gone over these figures very slowly and carefully. He leaned back in his chair and looked up at the ceiling with a much more cheerful expression upon his face. "At the worst it is less than thirty thousand pounds. Why, many firms would think little of it. The fact is, that I have so long been accustomed to big balances on the right side that it seems to be a very dreadful thing now that it lies the other way. A dozen things may happen to set all right. I must not forget, however," he continued, with a darker look, "that I have dipped into my credit so freely that I could not borrow any more without exciting suspicion and having the whole swarm down on us. After all, our hopes lie in the diamonds. Ezra cannot fail. He must succeed. Who can prevent him?"

"Major Tobias Clutterbuck," cried the sharp, creaky voice of Gilray as if in answer to the question, and the little clerk, who had knocked once or twice unnoticed, opened the door and ushered in the old Campaigner.

[1] It may be well to remark, that this and succeeding incidents occurred in the old Crown Colony days, before the diamond legislation was as strict as it has since become.


CHAPTER XVIII.

MAJOR TOBIAS CLUTTERBUCK COMES IN FOR A THOUSAND POUNDS.

John Girdlestone had frequently heard his son speak of the major in the days when they had been intimate, and had always attributed some of the young man's more obvious vices to the effects of this ungodly companionship. He had also heard from Ezra a mangled version of the interview and quarrel in the private room of Nelson's Restaurant. Hence, as may be imagined, his feelings towards his visitor were far from friendly, and he greeted him as he entered with the coldest of possible bows. The major, however, was by no
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