oing to do it.--Come along to the
Milan, later on, and lunch. Lady Amesbury and Sarah Baldwin and a few
others are coming."

"Lady Dredlinton, by any chance?" Kendrick asked.

"Lady Dredlinton, certainly."

"I'll turn up soon after one. And, Wingate."

"Well?"

"Don't think I'm a croaker, but I know Peter Phipps. There isn't a man on
this earth I'd fear more as an enemy. He's unscrupulous, untrustworthy,
and an unflinching hater. You and he are hard up against one another, I
know, and I suppose you realise that your growing friendship with
Josephine Dredlinton is simply hell for him."

"I imagine you know that his attentions to her have been entirely
unwelcome," Wingate said calmly.

"I will answer for it that she has never encouraged him for a moment,"
Kendrick assented, "yet Phipps is one of those men who never take 'no'
for an answer, who simply don't know what it is to despair of a thing.
I've been watching that menage for the last twelve months, and I've
watched Peter Phipps fighting his grim battle. I think I was one of the
party when he first met her. Since then, though the fellow has any amount
of tact, his pursuit of her must have been a persecution. He put
Dredlinton on the Board of the B. & I., solely to buy his way into the
household. He sent him home one day in a new car--a present to his wife.
She has never ridden in it and she made her husband return it."

"I know," Wingate muttered. "I've heard a little of this, and seen it,
too."

"Well, there you are," Kendrick concluded. "You know Phipps. You know
what it must seem like to him to have another man step in, just as he may
have been flattering himself that he was gaining ground. He hated you
before. He'd give his soul, if he had one to break you now."

"He'll do what he can, Ken," said Wingate, with a smile, as he left the
office, "but you may take it that the odds are a trifle on us.--Not later
than one-thirty, then."

"There is no doubt," he remarked a moment later, as he stepped into his
car, where Josephine was waiting for him, "that we are at war."

She laughed quietly. The excitement of those last few minutes in the
offices of the British and Imperial Granaries had acted like a stimulant.
She had lost entirely her tense and depressed air. The colour of her eyes
was newly discovered in the light that played there.

"You couldn't have fired the first shot in more dramatic fashion," she
declared. "Even Mr. Phipps lost his nerve for a m