old, hastily.

Mr. Stobell pondered again and, slightly raising one hand, indicated that
he was in the throes of another idea and did not wish to be disturbed.

"You said it would be experience for Edward to be left alone," he said,
accusingly.

"I did," was the reply.

"You ought to pay more, too, then," declared the contractor, "because
it's serving of your ends as well."

"We can't split straws," exclaimed Tredgold, impatiently. "If the
captain consents we three will find the money and divide our portion,
whatever it is, equally."

Mr. Chalk, who had been in the clouds during this discussion, came back
to earth again. "If he consents," he said, sadly; "but he won't."

"Well, he can only, refuse," said Mr. Tredgold; "and, anyway, we'll have
the first refusal. Things like that soon get about. What do you say to
a stroll? I can think better while I'm walking."

His friends assenting, they put on their hats and sallied forth. That
they should stroll in the direction of Dialstone Lane surprised neither
of them. Mr. Tredgold leading, they went round by the church, and that
gentleman paused so long to admire the architecture that Mr. Stobell got
restless.

"You've seen it before, Tredgold," he said, shortly.

"It's a fine old building," said the other. "Binchester ought to be
proud of it. Why, here we are at Captain Bowers's!"

"The house has been next to the church for a couple o' hundred years,"
retorted his friend.

"Let's go in," said Mr. Tredgold. "Strike while the iron's hot. At any
rate," he concluded, as Mr. Chalk voiced feeble objections, "we can see
how the land lies."

He knocked at the door and then, stepping aside, left Mr. Chalk to lead
the way in. Captain Bowers, who was sitting with Prudence, looked up at
their entrance, and putting down his newspaper extended a hearty welcome.

"Chalk didn't like to pass without looking in," said Mr. Tredgold, "and I
haven't seen you for some time. You know Stobell?"

The captain nodded, and Mr. Chalk, pale with excitement, accepted his
accustomed pipe from the hands of Miss Drewitt and sat nervously awaiting
events. Mr. Tasker set out the whisky, and, Miss Drewitt avowing a
fondness for smoke in other people, a comfortable haze soon filled the
room. Mr. Tredgold, with a significant glance at Mr. Chalk, said that it
reminded him of a sea-fog.

It only reminded Mr. Chalk, however, of a smoky chimney from which he had
once suffered, and he a