tter of routine.
Will you take time to think about it?"

The figures which Warburton had before him were decidedly stimulating;
they made a very pleasant contrast to the balance-sheets with which he
had recently had to deal. He knew roughly what sum was at his disposal
for investment; the winding-up of the business here could be completed
at any moment, and involved no risk of surprises. But a thought had
occurred to him which kept him silently reflecting for some minutes.

"I suppose," he said presently, "this affair has about as little risk
as anything one could put money in?"

"I should say," Godfrey answered, with his man-of-business air, "that
the element of risk is non-existent. What can be more solid than jam?
There's competition to be sure; but Applegarth is already a good name
throughout England, and in the West they swear by it. At Bristol,
Exeter, Dorchester--all over there--Applegarth holds the field. Very
seriously speaking, I see in this proposal nothing but sure and
increasing gain."

"You know as well as I do," Will resumed, "how I stand. I have no
resources of my own beyond what you are aware of. But I've been
thinking--"

He broke off, stared at the window, drummed on the arm of his chair,
Sherwood waiting with a patient smile.

"It's my mother and sister I have in mind," Will resumed. "That
property of theirs; it brings them about a hundred and fifty pounds a
year in cash, and three times that in worry. At any moment they might
sell. A man at St. Neots offers four thousand pounds; I suspect more
might be got if Turnbull, their lawyer, took the matter in hand.
Suppose I advise them to sell and put the money in Applegarth?"

"By Jove!" cried Sherwood. "How could they do better? Splendid idea!"

"Yes--if all goes well. Bear in mind, on the other hand, that if they
lost this money, they would have nothing to live upon, or as good as
nothing. They draw some fifty pounds a year from another source, and
they have their own house--that's all. Ought I to take this
responsibility?"

"I don't hesitate to guarantee," said Sherwood, with glowing gravity,
"that in two years' time their four thousand pounds shall produce three
times what it does now. Only think, my dear fellow! Jam--think what it
means!"

For ten minutes Godfrey rhapsodised on the theme. Warburton was moved
by his eloquence.

"I shall run down to St. Neots," said Will at length.

"Do. And then we'll both of us go down to Bristol. I'm