that you're so fond of your old home—so anxious to regain it at any cost. It's quite touching, Mr. Woods.'

She raised her eyes toward his. I dare say she was suffering as much as he. But women consider it a point of honour to smile when they stab; Margaret smiled with an innocence that would have seemed overdone in an angel.

Then, in an instant, she had the grace to be abjectly ashamed of herself. Billy's face had gone white. His mouth was set, mask-like, and his breathing was a little perfunctory. It stung her, though, that he was not angry. He was sorry.

'I—I see,' he said, very carefully. 'You think I—want the money. Yes—I see.'

'And why not?' she queried, pleasantly. 'Dear me, money's a very sensible thing to want, I'm sure. It makes a great difference, you know.'

He looked down into her face for a moment. One might have sworn this detected fortune-hunter pitied her.

'Yes,' he assented, slowly, 'it makes a difference—not a difference for the better, I'm afraid, Peggy.'

Ensued a silence.

Then Margaret tossed her head. She was fast losing her composure. 

She would have given the world to retract what she had said, and accordingly she resolved to brazen it out.

'You needn't look at me as if I were a convicted criminal,' she said, sharply. 'I won't marry you, and there's an end of it.'

'It isn't that I'm thinking of,' said Mr. Woods, with a grave smile. 

'You see, it takes me a little time to realise your honest opinion of me. I believe I understand now. You think me a very hopeless cad—that's about your real opinion, isn't it, Peggy? I didn't know that, you see. I thought you knew me better than that. You did once, Peggy—once, a long time ago, and—and I hoped you hadn't quite forgotten that time.'

The allusion was ill chosen.

'Oh, oh, oh!' she cried, gasping. 'You to remind me of that time!—you of all men. Haven't you a vestige of shame? Haven't you a rag of honour left? Oh, I didn't know there were such men in the world! And to think—to think—' Margaret's glorious voice broke, and she wrung her hands helplessly.

Then, after a little, she raised her eyes to his, and spoke without a trace of emotion. 'To think,' she said, and her voice was toneless now, 'to think that I loved you! It's that that hurts, you know. For I loved you very dearly, Billy Woods—yes, I think I loved you quite as much as any woman can ever love a man. You were the first, you see, and girls—girls are very foolish about such things. I thought you were brave, and strong, and clean, and honest, and beautiful, and dear—oh, quite the best and dearest man in the world, I thought you, Billy Woods! That—that was queer, wasn't it?' she asked, with a listless little shiver. 'Yes, it was very queer. You didn't think of me in quite that way, did you? No, you—you thought I was well enough to amuse you for a while. I was well enough for a summer flirtation, wasn't I, Billy? But marriage—ah, no, you never thought of marriage then. You ran away when Uncle Fred suggested that. You refused point-blank—refused in this very room—didn't you, Billy? Ah, that—that hurt,' Margaret ended, with a faint smile. 'Yes, it—hurt.'

Billy Woods raised a protesting hand, as though to speak, but afterward he drew a deep, tremulous breath and bit his lip and was silent.

She had spoken very quietly, very simply, very like a tired child; now her voice lifted. 'But you've hurt me more to-night,' she said, equably—'to-night, when you've come cringing back to me—to me, whom you'd have none of when I was poor. I'm rich now, though. That makes a difference, doesn't it, Billy? You're willing to whistle back the girl's love you flung away once—yes, quite willing. But can't you understand how much it must hurt me to think I ever loved you?' 

Margaret asked, very gently.

She wanted him to understand. She wanted him to be ashamed. She prayed God that he might be just a little, little bit ashamed, so that she might be able to forgive him.

But he stood silent, bending puzzled brows toward her.

'Can't you understand, Billy?' she pleaded, softly. 'I can't help seeing what a cur you are. I must hate you, Billy—of course, I must,' she insisted, very gently, as though arguing the matter with herself; then suddenly she sobbed and wrung her hands in anguish. 'Oh, I can't, I can't!' she wailed. 'God help me, I can't hate you, even though I know you for what you are!'

His arms lifted a little; and in a flash Margaret knew that what she most wanted in all the world was to have them close about her, and then to lay her head upon his shoulder and cry contentedly.

Oh, she did want to forgive him! If he had lost all sense of shame, why could he not lie to her? Surely, he could at least lie? And, oh, how gladly she would believe!—only the tiniest, the flimsiest fiction, her eyes craved of him.

But he merely said 'I see—I see,' very slowly, and then smiled. 'We'll put the money aside just now,' he said. 'Perhaps, after a little, we—we'll came back to that. I think you've forgotten, though, that when—when Uncle Fred and I had our difference you had just thrown me over—had just ordered me never to speak to you again? I couldn't very well ask you to marry me, could I, under those circumstances?'

'I spoke in a moment of irritation,' a very dignified Margaret pointed out; 'you would have paid no attention whatever to it if you had really—cared.'

Billy laughed, rather sadly. 'Oh, I cared right enough,' he said. 'I still care. The question is—do you?'

'No,' said Margaret, with decision, 'I don't—not in the least.'

'Peggy,' Mr. Woods commanded, 'look at me!'

'You have had your answer, I think,' Miss Hugonin indifferently observed.

Billy caught her chin in his hand and turned her face to his. 'Peggy, do you—care?' he asked, softly.

And Margaret looked into his honest-seeming eyes and, in a panic, knew that her traitor lips were forming 'yes.'

'That would be rather unfortunate, wouldn't it?' she asked, with a smile. 'You see, it was only an hour ago I promised to marry Mr. Kennaston.'

'Kennaston!' Billy gasped. 'You—you don't mean that you care for him, Peggy?'

'I really can't see why it should concern you,' said Margaret, sweetly, 'but since you ask—I do. You couldn't expect me to remain inconsolable forever, you know.'

Then the room blurred before her eyes. She stood rigid, defiant. 

She was dimly aware that Billy was speaking, speaking from a great distance, it seemed, and then after a century or two his face came back to her out of the whirl of things. And, though she did not know it, they were smiling bravely at one another.

'—and so,' Mr. Woods was stating, 'I've been an even greater ass than usual, and I hope you'll be very, very happy.'

 

'Thank you,' she returned, mechanically, 'I—I hope so.'

After an interval, 'Good-night, Peggy,' said Mr. Woods.

'Oh—? Good-night,' said she, with a start.

He turned to go. Then, 'By Jove!' said he, grimly, 'I've been so busy making an ass of myself I'd forgotten all about more—more important things.'

Mr. Woods picked up the keys and, going to the desk, unlocked the centre compartment with a jerk. Afterward he gave a sharp exclamation. 

He had found a paper in the secret drawer at the back which appeared to startle him.

Billy unfolded it slowly, with a puzzled look growing in his countenance. Then for a moment Margaret's golden head drew close to his yellow curls and they read it through together. And in the most melodramatic and improbable fashion in the world they found it to be the last will and testament of Frederick R. Woods.

'But—but I don't understand,' was Miss Hugonin's awed comment. 'It's exactly like the other will, only—why, it's dated the seventeenth of June, the day before he died! And it's witnessed by Hodges and Burton—the butler and

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