A hundred and fifty years ago or thereabouts a certain Jacques Sarradet had migrated from his native Lyons and opened a perfumer's shop in Cheapside. The shop was there still, and still a Sarradet kept it, and still it was much esteemed and frequented by City men, who bought presents or executed commissions for their wives and daughters there. To folk of fashion the Bond Street branch was better known, but which was the more profitable only the master knew. Together, at all events, they were very profitable, and the present Mr. Clement Sarradet was a warm man—warmer than he let the world know, or even his own family, so far as he could keep the knowledge from them. He had preserved his French frugality, and, although his house in Regent's Park was comfortably and hospitably conducted, the style in which he lived was a good deal less sumptuous than English notions would have considered his income to warrant. He had preserved too, in spite of mixed marriages in the family history, something of his French air, of the appearance of a prosperous bon bourgeois, with his short thick-set figure, his round paunch, his stiff upstanding white hair (he had married late in life and was now over sixty), his black brows and moustache, and his cheeks where blue and red seemed, after a tussle, to have blended harmoniously into a subdued purple.

Something French, though differently French, survived also in his cherished daughter Marie, writer of the note already set forth, and mistress of the house in Regent's Park since her mother's death five years ago. Here it was manner rather than looks (she was a brunette, but not markedly); she had a vivacity, a provocativeness, a coquetry, which in less favoured races often marks a frivolous or unstable character, but in the French finds no difficulty in blending with and adorning solid good sense, sturdy business-like qualities, and even sometimes a certain toughness of tissue more certainly valuable than attractive.

The evening party to which Arthur Lisle had been bidden was drawing to its close. They had played cards; they had had some music; they had ended up with a couple of "topping" comic songs from Joe Halliday, and they were still laughing over these as they munched sandwiches and sipped, according to sex, lemonade or whisky-and-soda. Mr. Sarradet watched them benevolently, thinking them a very pleasant set of young people, and admiring the way in which his daughter exercised a pretty dominion over this little band of chosen friends. The two girls, Mildred Quain and Amabel Osling, openly acknowledged her leadership; the men deferred to her, not only as the hostess (a position which she generally occupied), but as the centre of attraction and the deviser of pleasures, the organiser of visits to theatres and concerts, and of their lawn-tennis at the Acton ground in the spring and summer. But there was a touch of shrewd anxiety in his watching. Young men were wont to aspire to more than friendship where they found metal attractive to their eyes. Mr. Sarradet was ambitious for his daughter.

"Next Monday, then, we'll all meet at His Majesty's," Marie announced—or commanded. She turned to Joe Halliday. "You get the tickets. And anybody who likes can come back here to supper afterwards."

"Splendid, dear!" said Amabel Osling, a dark girl with large eyes and a rather intense manner; she wore what might be described as an art-frock.

"An evening out, an evening out!" chanted Joe Halliday, a big young fellow with a shock of light brown hair and a manner of exuberant good-nature and heartiness.

"I'm afraid I can't come," said Arthur Lisle apologetically.

"Why not, Mr. Lisle?" Marie's voice sounded certainly disappointed, perhaps rather resentful.

"I'm dining out."

Sidney Barslow looked at him with a smile, in which Arthur detected an ironical flavour. Between these two members of the circle there was, in truth, no love lost. Barslow resented in Arthur a superiority of breeding which all his own vanity could not enable him to ignore. Arthur found this handsome fellow, with his carefully sleek hair, his bold challenging eyes, his lady-killerish airs, in the end a 'bounder' with only a veneer of elegance; all the same he wished he had half Barslow's easy assurance and self-confidence.

"Oh, Learned Counsel is dining out?" In the Sarradet circle, being of the Bar was felt to be enough of a distinction to warrant a little chaff. "May one ask who with? The Lord Chancellor perhaps?"

They all laughed. "Presently, presently!" said Joe, patting Arthur's head. "The lad will make his way in society."

"Don't be an ass, Joe." But Arthur liked Joe as much as he disliked Barslow, and his protest was quite free from annoyance.

"Don't you want to tell us who it is, Mr. Lisle?" asked Amabel.

"Well, I don't suppose you'll be any the wiser; it's the man whose chambers I share—Norton Ward."

Now, as it chanced, Mildred Quain's uncle lived in the suburban constituency which Norton Ward was 'nursing' and was of the same political colour as the prospective candidate. Mildred had heard the candidate speak at the opening of a bazaar—and had seen the Honourable Mrs. Norton Ward perform the ceremony.

"You are among the swells, Mr. Lisle!" said Mildred, and proceeded to describe the extreme political and social eminence of the Norton Wards. Arthur, who had gratefully accepted his invitation as a human kindness, was amused at finding it regarded as a promotion, as a cause for congratulation and envy; he grew afraid that his mention of it might be taken for a boast.

"I think it was pure charity on Norton Ward's part," he laughed. "I expect he thought I was lonely."

"I dare say. He couldn't be expected to know about the likes of us," said Barslow.

"Oh, shut up, Sidney!" cried Joe Halliday. "Can't Arthur go out to dinner without your permission?"

A sudden flush spread over Barslow's face; he glared angrily at Joe. Mr. Sarradet had taken up the evening paper, and noticed nothing; but all the rest were conscious that a storm threatened the serenity of the gathering. On a trivial occasion latent jealousies had leapt to light.

Marie looked round her company with a smile which included all and betrayed no partisanship. "We'll choose another night for His Majesty's," she said. "That's quite simple. Then we can all go. And now shall we have one more song before we break up? One more from you, Joe!" As they moved towards the piano, she contrived to touch the irate Mr. Barslow lightly on the arm, to give him an arch glance, and to murmur—very low—the word "Silly!" Mr. Barslow's brow cleared wonderfully.

She wanted no quarrel and was confident of her ability to prevent one. If one came, she would have to be arbiter; she would have to take sides, and that must almost certainly mean the loss of one of her friends—either Sidney Barslow or Arthur Lisle. She did not want to lose either, for each had an attraction for her—an attraction not of mere solid friendship such as bound her to Joe Halliday, but an appeal of man to woman. Barslow's boldness, his challenge, his powerful virility drew one side of her nature with a strong magnet; to what was 'second-class' and tawdry in him she was not, by birth or breeding, very sensitive herself. On the other hand she knew that Arthur Lisle was, and admired him because he was. Nay, in a sense she was afraid of him because he was; if she did or said anything in his eyes amiss—if she shewed too much favour to Sidney Barslow, for instance—he might feel about her much as he did about the man himself. She knew all about Barslow, and all about what Barslow felt for and about herself; it was very familiar, one might say inherited, ground. With regard to Arthur Lisle all this was different; he was still, in spite of their apparent intimacy, terra incognita. Though he constantly frequented the house, though from a chance acquaintance of her brother's he had grown into a familiar friend, though they were fast comrades, even though she knew that he admired her, there was so much about him which she vaguely divined to be there, but could not value or analyse—notions, instincts, spots of sensitiveness, to which she remained really a stranger. How strong were they, what was their verdict on her, what their influence on him? Would a tide of admiration or passion sweep them all away? Or would they make such a tide impossible, or, even if it came, dam its course with impalpable insurmountable obstacles? In fine, would he, in spite of any feeling for her that he might have, hold her "out of the question"?

He was the last to leave that night—as he often was, for the solitude of his lodgings had no attraction for him—and she went with him to the door. The stars shone now over Regent's Park, and they lingered a moment in astronomical conversation. Then she gave him her hand, saying:

"I'm so sorry about Monday. But you must tell me all about your party afterwards!"

"I don't suppose there'll be anything to tell. Well, Mildred Quain may be interested, because of her uncle!"

"I shall be interested too—though not because of my uncle," she said with a laugh and a fleet upward glance at him. "I consider I've introduced you to London society, and I take a maternal interest in you, Mr. Lisle."

"Why do you say 'Mr. Lisle' to me? You always say 'Joe' and 'Sidney' to the others."

"So I do. I don't know!"

"Well, then, don't do it," laughed Arthur. "It makes me jealous, you know."

She looked at him for a moment, not now in provocation, rather in thought, perhaps in puzzle. "It needn't do that, anyhow," at last she said.

"Is it then a mark of respect?" he asked banteringly, finding pleasure in the perplexed little frown which persisted on her pretty face.

"Well, I speak of you as I feel about you, and I can't say any more," she answered, half laughing, but protesting too that this sort of inquisition was unfair.

"You shall do as you like then! What you do is always right." He spoke affectionately and held out his hand to her again.

She did not give him hers. She drew back a little, blushing. "Ah, if you really thought that!" After a pause, she said rather sharply, "Why don't you like Sidney Barslow?"

"I don't exactly dislike him, but sometimes he——" He waved his arm, wanting a word.

"Grates?" she suggested briefly.

"Thank you," said Arthur with a laugh. "Just every now and then, perhaps!"

She stood there a moment longer with an expression on her face which was new to him there; she looked as if she wanted to say something or ask him something, but did not dare. Though her lips smiled, there was appeal, almost timidity, in her eyes. But she turned away with no more than "Well, good-night."

Scores of times in the last year-and-a-half, since he had come to know her, he had called her "a good sort" for all the kindness and friendship she had shewn him; he had conceived for her, and her clever capable ways, an amused admiration. After these feelings there had grown up in him, by familiarity, a sort of mental friendship for her face and figure too. He never reckoned her beautiful or even very pretty, but she had a piquancy of face and a grace of figure which had gradually become very pleasant to him. That she was physically attractive had been an after-thought, but, when once it had come, it stayed. To-night he was particularly conscious of it, perhaps because of the air of timidity or self-distrust which softened her, and, softening her, flattered in him the latent masculine pride.

Though not entirely, he had been to a large extent free from boyish flirtations and philandering. The necessity of hard work, shyness and fastidiousness, bodily temperament, had all combined to keep him out of such things. One passion of a glorious Oxford summer term he had counted the real thing and remembered even now with a tender exultation; for the girl's heart had been touched, though not to the point of defying either prudence or propriety—even had he ventured to urge such courses. Save for this episode, now remote since such age quickly, he was in essence a stranger in the field of love. He did not recognise nor analyse the curious little stir which was in him as he walked home that night—the feeling of a new gaiety, a new joyfulness, a sense of something triumphant and as it were liberated and given wings. He did not even get so far as to associate it explicitly and consciously with Marie Sarradet, though he did know that never had she seemed a dearer friend or a more winning girl than she had that night. He stood by the brink of the spring of love, but had not yet drunk of it nor recognised the hand that had led him there.

The girl had gone back to her father and mixed him his 'night-cap' of hot toddy, as her custom was. While he sipped it, she stood beside him, looking down into the fire, still and meditative. Presently she became aware of his bright beady eyes set on her with a glance half-apprehensive, half-amused; she interpreted it easily.

"A long time saying good-night, was I, Pops? And you think I've been flirting? Well, I haven't, and I couldn't have if I'd wanted to. Mr. Lisle never flirts. Joe pretends to sometimes, and Sidney—does. But Mr. Lisle—never!"

"That needn't mean that a man has no serious intentions," Mr. Sarradet opined.

She smiled. "With the English I think it does. We're not quite English, even after all this time, are we? At least you and I aren't; Raymond is, I think."

"Raymond's a goose, English or not," said the father impatiently. "He's in debt again, and I have to pay! I won't leave my business to a spendthrift."

"Oh, he'll get over it. He is silly but—only twenty-two. Pops!"

"And at twenty you've as shrewd a head as I know on your shoulders! Get over it he must or——!" An indignant gulp of his 'night-cap' ended the sentence.

"If you let him go in for something that he liked better than the business——" she began.

"What business has he not to like the business! It's kept us in comfort for a hundred and fifty years. Isn't it good enough for him? It's been good enough for me and my forefathers. We've known what we were; we've never pretended to be anything else. We're honest merchants—shop-keepers. That's what we are."

"Have patience, dear, I'll talk to him," she promised gently, and soothed the old fellow, whose bark was worse than his bite.

"Well, he'll come to me for a cheque once too often, that's all," he grumbled, as he kissed his daughter and took himself off to bed.

"Honest merchants—shop-keepers. That's what we are." The words echoed through Marie Sarradet's head. It was easy to smile at them, both at their pride and at their humility, easy to call ideas of that kind quite out of date. But what if they did represent a truth, irrelevant perhaps nowadays for public or political purposes, but having its relevance and importance in personal relations, in its influence on mind and feeling? This was the direction her thoughts took, though she found no words, and only dim ideas by which to grope. Presently the ideas grew concrete in the word which she had herself suggested to Arthur Lisle and he had accepted with alacrity. Sidney Barslow 'grated' on Arthur. It was not impossible to see why, though even this she acknowledged grudgingly and with a sense of treachery—she herself found so much to like in Sidney! Exactly! There she seemed to lay her finger on the spot. If she liked Sidney, and Sidney grated on Arthur Lisle so badly—the question which she had not dared to ask at the door rose to her lips again—"Do I grate?" And was that why Arthur Lisle never flirted? Never with her, at least—for that was all she could really know on the subject.