been to the best public school and the most fashionable college, and had acquired a manner blended of the guardsman, the country squire and the man of affairs. Young Mr Michael talked hunting to me and the prospects of the National, touched upon spring salmon and his last year's experience in Scotland, and told an excellent story which he had heard that afternoon in White's; but he also said some shrewd things about politics, and when I asked him a question about certain rumours in the City I got a crisp and well-informed reply. The Cortals were assuredly a competent family, though I decided that there was most quality in the girl. There had been something Napoleonic in that graceful profile which I had studied during dinner.

Afterwards in the drawing-room I saw Verona and Reggie in a corner.

They were smiling on each other like old friends, and she was saying something to him with an affectionate, almost maternal air. I had decided that she would make an excellent wife for an ambitious politician, but now I began to wonder if she were not the wife for Reggie. Far more suitable than Pamela Brune, whose rarity and subtlety required a different kind of mate. Reggie needed somebody to form him and run him, somebody who would put order into the attractive chaos of his life.

Those firm white hands of hers might do much with such plastic stuff.

That dinner was followed by many meetings between the two. Verona dined with him in his little house, they went to the play together, she mounted him with her own pack, the Myvern, and they had several days with the Bicester. The first dinner in Eaton Square was soon succeeded by another, this time a family party—the four Cortals, a maiden aunt, a married uncle and several cousins. Reggie was the only stranger, and he was there as an adopted member of the clan, Verona's chosen friend. Not a suitor but a friend. There was as yet no suggestion of love-making. It was one of these newfangled, cold-blooded companionships between the sexes.

But at this dinner it was apparent that the Cortal family had taken up Reggie seriously. He had already expounded his bookselling ambitions to Verona, as the kind of activity which made an appropriate background for the life he desired, and she had approved. Now it appeared that the whole family knew of it, and were acutely interested. There was a good opportunity, said the uncle—his name was Shenstone, and he was a member of a shipping firm which had done well during the War—for men like Reggie, who had the entry to many corners of English society, to establish himself as an honest broker between those who had, and wished to sell, and those who had not, and wished to buy. At present, he said, both sides went to the big dealers, and there was no human touch, but the human touch was needed in what should be more than a matter of cold business.

'Take pictures,' said Mr Shenstone, who was a connoisseur. 'I see very little fun in picking up what I want at a big sale at Christie's. What I like is to run something to earth in some odd corner of England, and get it by friendly negotiation. When I look at it on my walls, I remember the story behind it as well as its artistic merits. It stands for an episode in my life, like a stag's head which recalls a good stalk. I must say I am always grateful to anyone who puts me in the way of this sporting interest in collecting.'

The others agreed. Mr Algernon, the elder brother, expanded the theme. 'Reggie,' he declared (they had very soon got on to Christian name terms), 'can be the link between supply and demand, and a bene-factor to both sides. He might be a sort of English Rosenbach. In every shire there are families who just manage to keep going. They have family possessions which they are far too proud to send to a sale, except in the very last resort. But very often they would gladly sell a picture or a book privately, if they knew how to do it, and such a sale might make all the difference to their comfort.'

The maiden aunt assented, and told how a family of her acquaintance in Shropshire had been saved from penury by a discovery in a garret, through the medium of a visiting Cambridge don, of three Shakespeare quartos. One of the cousins recounted a similar event in Westmorland.

'Money is tight, no doubt,' continued Mr Algernon, 'but there's more of it about than people imagine. Fortunes are made on a falling as well as on a rising market. And people who have it do not know how to invest it. Industrials are too precarious, Government stocks have lost caste, and, since every part of the globe is under the weather, there is not the old attraction about foreign securities. I believe that there will be a growing tendency for people who have an ample margin of income to do what the Germans did when the mark was tumbling, and buy objects of art.

But it must be something which is going to increase in value. Now, the fashion in pictures fluctuates, but not in books. There are only, say, twenty copies of an old book known to exist, and the numbers cannot be added to. An association book—say one which Walter Scott presented to Wordsworth with an autograph inscription—can never be duplicated.

These things are better than bank-notes—they are solid bullion. The Americans have recognised this. A new millionaire in the States, as soon as he has made his pile, starts to found a library, though he may be scarcely literate. He knows what is certain to appreciate. He remembers the Huth and the Britwell sales.'

'And think of the charm of the business!' said Verona. 'You are dealing in spiritual as well as in commercial values. And the cleanness of it!'

'But it needs careful handling,' said Mr Shenstone. 'You cannot depend upon yourself, Mr Daker. You must get a staff together, and lay down your lines carefully, for what you want is an intelligence department and a scientifically arranged clearinghouse. You have to organise the buying side, and know just where to lay your hands on what you want. And you have to organise your customers—to get into touch with the people on both sides of the Atlantic who are hungering for your services. Your watchword must be organisation.'

'Rationalisation,' said Mr Michael with a pleasant smile. 'You must be in the fashion, my dear Reggie.'

Reggie was flattered that his ideas should be taken so seriously by such a company, for he had the reverence for the businessman which is often an obsession with the unbusinesslike. He was excited, too. He saw himself becoming a figure, a power, a man of wealth, all that he had ruled out as beyond his compass—and this without sacrifice of the things he loved … But, as he caught Verona's beaming eyes, he had far down in his heart a little spasm of fear. For he seemed to see in them a hint of fetters.

5

Chapter

The transformation of Reggie into a businessman was begun at once, and it was Verona who took charge of it. Politics at the moment were exciting, and in order to attend critical divisions I had to dine more than I liked at the House. The result was a number of improvised dinner-parties there, and at one of them I found Verona. No doubt Reggie had talked to her about me, so she treated me as if I were his elder brother. I thought her attractive, but I am bound to say a little formidable also, for I have rarely met any woman who knew her own mind so clearly.

The first thing to do was to get Reggie to organise his life. 'You cannot achieve anything,' she said sagely, 'unless you make a plan.' It was idle to think of running a business from the house in Brompton, so she had induced him to take an office—a pleasant little set of rooms which were fortunately vacant in the Adelphi neighbourhood. She had got him a secretary, a girl who had been at college with her, and she had started a system of card indexes, on which she dwelt lovingly. There was one for books, another for possible buyers, and a third for his acquaintances. She made a great point about codifying, so to speak, Reggie's immense acquaintance, for it was his chief asset in the business. Properly managed, it should give him access to quarters into which no dealer could penetrate. She nodded her head, and emphasised her points by tapping her right-hand fingers on her left-hand palm, exactly like a pretty schoolmis-tress. And several times she said 'we,' not 'he,' when she mentioned the undertaking.

She thought that he had better limit its scope. Incunabula and missals and such- like might be put aside as too ambitious. He should specialise on his old love, the seventeenth century, with excursions into the eighteenth and early nineteenth. There was already a vigorous interest in the Augustans, and she predicted a revival in the post-Romantics and the Victorians. Above all, he should specialise in 'association books' and manuscripts, which were the kind of thing to which he was likely to have access. More was needed than an intelligence bureau: they wanted a research department to verify provenances. There would have to be a good deal of work in the Museum, and for this she could enrol several young women who had been with her at Oxford. She was compiling a list of experts in special branches, university dons and so forth, to whom they could turn in special cases for advice … Also they must make friends with the dealers, for it was no use antagonising the professionals; they could work in with them up to a point, and put little things in their way. Reggie knew a good many, and they were having some carefully selected luncheon-parties to extend his acquaintance. As for buyers, her brothers could help, for, being in the City, they knew where money was.

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