The stockbroker was a reader of men rather than books; and it is a notable thing what superiority in all worldly wisdom is possessed by men who eschew books. He was able to translate the meaning of George's smile—a smile of mingled triumph and malice.

"The fellow has got a good thing," he thought to himself, "and Hawkehurst is in it. It must be a deuced good thing too, or he wouldn't refuse my offer of money." Mr. Sheldon was the last man in the world to reveal any mortification which he might experience from his brother's conduct.

"Well, you're quite right to stick to your chance, George," he said, with agreeable frankness. "You've waited long enough for it. As for me, I've got my fingers in a good many pies just at present; so perhaps I had better keep them out of yours, whatever plums there may be to be picked out of it by an enterprising Jack Horner. Pick out your plums for yourself, old fellow, and I'll be one of the first to call you a good boy for your pains."

With this Mr. Sheldon slapped his brother's shoulder and departed.

"I think I've had the best of Master Phil for once," muttered George; and then he thrust his sinewy hands into the depths of his trousers-pocket, and indulged in a silent laugh, which displayed his strong square white teeth to perfection. "I flatter myself I took a rise out of Phil to-day," he muttered.

The sense of a malicious triumph over a social enemy is a very delightful kind of thing,—so delightful that a man is apt to ignore the possible cost of the enjoyment. It is like the pleasure of kicking a man who is down—very delicious in its way; only one never knows how soon the man may be up again.

George Sheldon, who was tolerably skilled in the science of human nature, should have known that "taking a rise" out of his brother was likely to be a rather costly operation. Philip was not the safest man to deal with at any time; but he was most dangerous when he was "jolly."

BOOK THE FOURTH - VALENTINE HAWKEHURST'S RECORD

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Chapter I - The Oldest Inhabitant

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Black Swan Inn, Ullerton, October 2nd.