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nd that everything was all right. And, greatest argument of all, he had no other place to go to, and L150 a year was a salary not to be thrown away when put into one's hands. Still, he felt a trifle uncomfortable about the necessity of going to Liverpool and breaking up the old home. Of course, he could not help himself, and Horace had no right to insinuate otherwise. All the same, it was a pity, and if there had not been the compensating certainty of being able to send up regular contributions to the family purse, which would help his mother to not a few comforts hitherto denied, he would have been more troubled still about it. "What will you do about the L50?" said Horace next day, forcing himself to appear interested in what he inwardly disapproved. "Oh," said Reginald, "I'd intended to ask Richmond to lend it me. It's not exactly a loan either; it would be the same as his investing in the company in my name. The money would be safe, and he'd get his interest into the bargain. But of course I can't go to him now." "No; and I don't know whom else you could ask," said Horace. "They might let me put in a pound a week out of my salary," said Reginald. "That would still leave me two pounds a week, and of that I could send home at least twenty-five shillings." Horace mused. "It seems to me rather queer to expect you to put the money in," said he. "It may be queer, but it's their rule, Mr Medlock says." "And whatever does the Corporation do? It's precious hazy to my mind." "I can't tell you anything about it now," said Reginald; "the concern is only just started, and I have promised to treat all Mr Medlock told me as confidential. But I'm quite satisfied in my mind, and you may be too, Horace." Horace did not feel encouraged to pursue the discussion after this, and went off alone to work in low spirits, and feeling unusually dismal. "By the way," said Reginald, as he started, "bring young Gedge home with you. I meant to see him last night, but forgot." Reginald spent the day uneasily for himself and his mother in trying to feel absolutely satisfied with the decision he had come to, and in speculating on his future work. Towards afternoon, weary of being all day in the house, he went out for a stroll. It was a beautiful day, and the prospect of a walk in the park by daylight was a tempting one. As he was passing down Piccadilly, he became aware of some one approaching him whom he kn
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