"St. Louis. I was brought to this country before I was two years old, from France. Mrs. Holt brought me. And I have never been out of St. Louis since, except to go to Sutcliffe. There you have my history. Mrs. Holt would probably have told it to you, if I hadn't."

"And Mrs. Holt brought you to this country?"

Honora explained, not without a certain enjoyment.

"And how do you happen to be here?" she demanded. "Are you a member of—of the menagerie?"

He had the habit of throwing back his head when he laughed. This, of course, was a thing to laugh over, and now he deemed it audacity. 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 Spence, 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."