There can be no doubt that deceit has been used towards you in getting your money, and that Mr Rubb has laid himself open to proceedings which, if taken against him, would be absolutely ruinous to him. But I fear they would be also ruinous to your brother. It is my painful duty to tell you that your money so advanced is on a most precarious footing. The firm, in addition to their present liabilities, are not worth half the money; or, I fear I may say, any part of it. I presume there is a working profit, as two families live upon the business. Whether, if you were to come upon them as a creditor, you could get your money out of their assets, I cannot say; but you, perhaps, will not feel yourself disposed to resort to such a measure. I have considered it my duty to tell you all the facts, and though your distinct authority to us to advance the money absolves us from responsibility, I must regret that we did not make further inquiries before we allowed so large a sum of money to pass out of our hands.

I am, dear Madam,

Your faithful servant,

Jonathan Slow.

Mr Rubb’s promised visit was to take place in eight or ten days from the date on which this letter was received. Miss Mackenzie’s ears, as I have said, tingled as she read it. In the first place, it gave her a terrible picture of the precarious state of her brother’s business. What would he do,—he with his wife, and all his children, if things were in such a state as Mr Slow described them? And yet a month or two ago he was giving champagne and iced puddings for dinner! And then what words that discreet old gentleman, Mr Slow, had spoken about Mr Rubb, and what things he had hinted over and above what he had spoken! Was it not manifest that he conceived Mr Rubb to have been guilty of direct fraud?

Miss Mackenzie at once made up her mind that her money was gone! But, in truth, this did not much annoy her. She had declared to herself once before that if anything was wrong about the money she would regard it as a present made to her brother; and when so thinking of it, she had, undoubtedly, felt that it was, not improbably, lost to her. It was something over a hundred a year to be deducted from her computed income, but she would still be able to live at the Paragon quite as well as she had intended, and be able also to educate Susanna. Indeed, she could do this easily and still save money, and, therefore, as regarded the probable loss, why need she be unhappy?

Before the morning was over she had succeeded in white-washing Mr Rubb in her own mind. It is, I think, certainly the fact that women are less pervious to ideas of honesty than men are. They are less shocked by dishonesty when they find it, and are less clear in their intellect as to that which constitutes honesty. Where is the woman who thinks it wrong to smuggle? What lady’s conscience ever pricked her in that she omitted the armorial bearings on her silver forks from her tax papers? What wife ever ceased to respect her husband because he dealt dishonestly in business? Whereas, let him not go to church, let him drink too much wine, let him go astray in his conversation, and her wrath arises against these faults. But this lack of feminine accuracy in the matter of honesty tends rather to charity in their judgment of others, than to deeds of fraud on the part of women themselves.