ty. Five
minutes before he might have given it another name there is no use in
saying that the recital of Honora's biography had not made a difference
with Mr. Howard Pence, and that he was not a little mortified at his
mistake. What he had supposed her to be must remain a matter of
conjecture. He was, however, by no means aware how thoroughly this
unknown and inexperienced young woman had read his thoughts in her
regard. And if the truth be told, he was on the whole relieved that she
was nobody. He was just an ordinary man, provided with no sixth sense or
premonitory small voice to warn him that masculine creatures are often in
real danger at the moment when they feel most secure.

It is certain that his manner changed, and during the rest of the walk
she listened demurely when he talked about Wall Street, with casual
references to the powers that be. It was evident that Mr. Howard Spence
was one who had his fingers on the pulse of affairs. Ambition leaped in
him.

They reached the house in advance of Mrs. Holt and the Vicomte, and
Honora went to her room.

At dinner, save for a little matter of a casual remark when Mr. Holt had
assumed the curved attitude in which he asked grace, Mr. Spence had a
veritable triumph. Self-confidence was a quality which Honora admired. He
was undaunted by Mrs. Holt, and advised Mrs. Robert, if she had any
pin-money, to buy New York Central; and he predicted an era of prosperity
which would be unexampled in the annals of the country. Among other
powers, he quoted the father of Honora's schoolmate, Mr. James Wing, as
authority for this prophecy. He sat next to Susan, who maintained her
usual maidenly silence, but Honora, from time to time, and as though by
accident, caught his eye. Even Mr. Holt, when not munching his dried
bread, was tempted to make some inquiries about the market.

"So far as I am concerned," Mrs. Holt announced suddenly, "nothing can
convince me that it is not gambling."

"My dear Elvira!" protested Mr. Holt.

"I can't help it," said that lady, stoutly; "I'm old-fashioned, I
suppose. But it seems to me like legalized gambling."

Mr. Spence took this somewhat severe arraignment of his career in
admirable good nature. And if these be such a thing as an implied wink,
Honora received one as he proceeded to explain what he was pleased to
call the bona-fide nature of the transactions of Dallam and Spence.

A discussion ensued in which, to her surprise, even the ordin