Arthur Lisle sat in his chambers with a copy of the current number of the Law Reports (K.B.D.) before him and with utter discouragement in his heart. This mood was apt to seize him in the mornings, after the nights of gaiety which (obeying Mr. Justice Lance's advice) he eagerly sought. To-day it was intensified by the fact that Bernadette had gone to Paris for a fortnight. She bade him an affectionate, almost a tender, farewell, but she went, and was obviously glad to go. Though he asked nothing from her except to let herself be adored with a dog-like adoration, a shamefaced wonder that she should be so glad to go hid in his heart; mightn't she feel the loss of the adoration just a little more? However there it was. And he had nothing to do. Also he was hard up. The men he met at his parties had things to do and were doing them—interesting things that they could talk to women about, things they were actually doing, not mere hopes and dreams (such as had, not so long ago, been good enough to talk to Marie Sarradet about). They were making their marks, or, at least, some money. Talking of money, it was annoying, indeed humiliating, not being able to ask Bernadette to lunch at the resorts and in the style to which she was accustomed. He had done this once, and the same afternoon had suddenly been confronted with an appalling shininess in the back of his dress-coat; the price of the lunch would pretty well have paid for a new coat. But there—if you gave parties you could not have new coats; and what was the good of new coats unless you could give parties? A vicious circle!

Stagnation! That was what his life was—absolute stagnation. No avenues opened, there were no prospects. Stagnation and Vacancy—that's what it was!

A strange contrast is this to the young man at the evening party? Nay, no contrast at all, but just the other side of him, the complement of the mood which had pictured Potentates and thrilled over the Reigning Beauty. The more ardently youth gives one hand to hope, the more fiercely despair clutches the other.

Suddenly—even as Martin Luther flung his inkpot at Satan—Arthur Lisle with an oath seized the Law Reports (K.B.D.) and hurled them violently from him—across the room, with all his force, at this Demon of Stagnation and towards the door which happened to be opposite. They struck—not the door—but the waistcoat of Henry who at that moment opened it. Henry jumped in amazement.

"Beg your pardon, Henry. It slipped from my hand," said Arthur, grinning in ill-tempered mirth.

"Well, I thought no other gentleman was with you," remarked Henry, whose ideas of why one should throw books about were obviously limited. "A Mr. Halliday is here, sir, and wants to know if you'll see him."

"Of course I will. Show him in directly." As Henry went out, Arthur ejaculated the word "Good!"

Anybody would have been welcome—even Luther's Antagonist himself, perhaps—to Arthur in that black mood of his. Joe Halliday was a godsend. He carried cheerfulness with him—not of the order commended by moralists and bred by patience out of trouble, but rather a spontaneous hilarity of mind, thanks to which he derided the chances of life, and paddled his canoe with a laugh through the rapids of fortune. Joe had no settled means and he scorned any settled occupation. He preferred to juggle with half a dozen projects, keeping all of them in the air at once. He had something to sell and something to buy, something to find or something to get rid of; something had just been invented, or was just going to be; somebody needed money or somebody had it to invest. And all the Somebodies and Somethings were supposed to pay a toll to Joe for interesting himself in the matter. Generally they did; when they failed to, he paddled gaily on to another venture—Cantabat vacuus. But on the whole he was successful. The profits, the commissions, the "turns" came rolling in—and were rolled out again with a festive and joyous prodigality that took no thought for a morrow which, under the guidance of an acute and sanguine intelligence, should not have the smallest difficulty in providing for itself.

He bustled in and threw his hat on Arthur's table. "Morning, old chap. Sorry to interrupt! I expect you're awfully busy? Yes, I see! I see! Look at the briefs! Mr. Arthur Lisle—with you the Right Hon. Sir Richard Finlayson, k.c., m.p.—300 guineas! Whew! Mr. Arthur Lisle—With you——" He fingered the imaginary briefs, rolling his eyes at Arthur, and scratching his big hooked nose with the other hand.

"Go to the devil, Joe," said Arthur, smiling, suddenly able to smile, at the Demon of Stagnation as represented by his empty table. "Have a cigarette?"

"The subject of my call demands a pipe," and he proceeded to light one. "Have you got any money, Arthur?"

"I think you're roughly acquainted with the extent of my princely income."

"Income isn't money. Capital is. Turn your income into capital, and you've got money!"

"It sounds delightfully simple, and must work well—for a time, Joe."

"I've got a real good thing. No difficulty, no risk—well, none to speak of. I thought you might like to consider it. I'm letting my friends have the first chance."

"What is it? Gold, rubber, or a new fastener for umbrellas?" Arthur was not a stranger to Joe's variegated ventures.

"It's a deal safer than any of those. Did you ever see Help Me Out Quickly?"

"Yes. I saw it at Worcester once. Quite funny!"

"Well, a fellow who put five hundred into Help Me Out Quickly drew seventeen thousand in eighteen months and is living on it still. Arthur, I've found a farce compared to which Help Me Out Quickly is like the Dead March in Saul played by the vicar's wife on a harmonium."

"And you want money to produce it?"

"That's the idea. Two thousand or, if possible, two thousand five hundred. We could get the Burlington in the autumn—first-rate theatre. Lots of fun, and mints of money! The thing only wants seeing, doesn't it?"

"What's the use of talking to me, Joe? I haven't got——"

"We're all of us going in—quite a family affair! Raymond's in it, and old Pa Sarradet has put a bit in for Marie. And Mildred's governor has come in; and Amabel has begged a pony of her governor, and put it in—just for a lark, you know. I'm in—shirt, and boots, and all. We're all in—well, except Sidney. That chap's got no spunk."

The inference about Arthur, if he did not "come in," was sadly obvious to himself, though Joe had not in the least meant to convey it. But that did not much affect him. The idea itself filled him with a sudden, a delicious, tingle of excitement. Lots of fun and mints of money! Could there be a programme more attractive? Vacancy and Stagnation could not live in the presence of that.

"Just for curiosity—how much more do you want, to make it up?" asked Arthur.

"A thousand." Joe laughed. "Oh, I'm not asking you to put down all that. Just what you like. Only the more that goes in, the more comes out." He laughed again joyfully; his prophetic eyes were already beholding the stream of gold; he seemed to dip that beak of his in it and to drink deep.

Arthur knew what his income was only too well—also what was his present balance at the bank. But, of course, his balance at the bank (twenty-six pounds odd) had nothing to do with the matter. His mind ran back to Help Me Out Quickly. How Mother, and Anna, and he had laughed over it at Worcester! One or two of the "gags" in it were household words among them at Malvern to this day. Now Joe's farce was much, much funnier than Help Me Out Quickly.

"I know just the girl for it too," said Joe. "Quite young, awfully pretty, and a discovery of my own."

"Who is she?"

Joe looked apologetic. "Awfully sorry, old fellow, but the fact is we're keeping that to ourselves for the present. Of course, if you came in, it'd be different."

The Law Reports still lay on the floor; Joe Halliday sat on the table—Sacred Love and Profane, Stern Duty and Alluring Venture.

"I'm putting up five hundred. Be a sport, and cover it!" said Joe.

Something in Arthur Lisle leapt to a tremendous decision—a wild throw with Fortune. "You can put me down for the thousand you want, Joe," he said in quite a calm voice.

"Christopher!" Joe ejaculated in amazed admiration. Then a scruple, a twinge of remorse, seized him for a moment. "That's pretty steep, old chap—and nothing's an absolute cert!" Temperament triumphed. "Though if there's one on God's earth we've got it!"

"In for a penny, in for a pound! Nothing venture, nothing have!" cried Arthur, feeling wonderfully gleeful.

"But, I say, wouldn't you like to read it first?" Conscience's expiring spark!

"I'd sooner trust your opinion than my own. I may read it later on, but I'll put down my money first."

"Well, I call you a sport!" Joe was moved and put out his hand. "Well, here's luck to us!"

Arthur had plunged into deep water, but it did not feel cold. He suffered no reaction of fear or remorse. He was buoyant of spirit. Life was alive again.

"Of course I shall have to sell out. I haven't the cash by me," he said, smiling at the idea. The cash by him indeed! The cash that ought to keep him, if need be, for six or seven years, pretty near a quarter of all he had in the world, representing the like important fraction of his already inadequate income. Why, now the income would be hopelessly inadequate! His mind was moving quickly. What's the use of trying to live on an inadequate income? While Joe was yet in the room, Arthur formed another resolution—to realise and spend, besides Joe's thousand (as his thoughts called it), another five hundred pounds of his money. "By the time that's gone," said the rapidly moving mind, "either I shall have made something or I shall have to chuck this—and thank heaven for it!"

But all this while, notwithstanding his seething thoughts, he seemed very calm, gently inhaling his cigarette smoke. Joe thought him the finest variety of "sport"—the deadly cool plunger. But he also thought that his friend must be at least a little better off than he had hitherto supposed—not that he himself, having the same means as Arthur, would not have risked as much and more without a qualm. But that was his temper and way of living; he had never credited Arthur with any such characteristics. However his admiration remained substantially unchanged; many fellows with tons of money had no spunk.

"May I tell them in Regent's Park?" he asked. "It'll make 'em all sit up."

"Tell them I'm in with you, but not for how much."

"I shall let 'em know you've done it handsome."

"If you like!" laughed Arthur. "How are they? I haven't seen them just lately."

"They're all right. You have been a bit of an absentee, haven't you?"

"Yes, I must go one day soon. I say, Joe, who are your stockbrokers?"

Joe supplied him with the name of his firm, and then began to go. But what with his admiration of Arthur, and his enthusiasm for the farce, and the beauty and talent of the girl he had discovered, it was, or seemed, quite a long time before he could be got out of the room. Arthur wanted him to go, and listened to all his transports with superficial attention; his real mind was elsewhere. At last Joe did go—triumphant to the end, already fingering thousands just as, on his entrance, he had so facetiously fingered Arthur's imaginary briefs. Arthur was left alone with the Law Reports—still on the floor where they had fallen in rebound from Henry's waistcoat. Let them lie! If they had not received notice to quit, they had at least been put very much on their good behaviour. "Prove you're of some use, or out you go!"—Arthur had delivered to them his ultimatum.

So much, then, for his Stern Mistress the Law—for her who arrogated the right to exact so much and in return gave nothing, who claimed all his days only to consume them in weary waiting, who ate up so much of his means with her inexorable expenses. She had tried to appease him by dangling before his eyes the uncertain distant prospect that in the space of years—some great, almost impossible, number of years—he would be prosperous—that he would be even as Norton Ward was, with briefs rolling in, "silk" in view, perhaps a candidature. It seemed all very remote to Arthur's new impatience. He set his mistress a time-limit. If within the time that it took him to spend that five hundred pounds—he did not decide definitely how long it would be—she did something to redeem her promises, well and good, he would be prepared to give her a further trial. If not, he would be take himself, with his diminished income, to fresh woods and pastures new, lying over the Back of Beyond in some region unexplored and therefore presumed to be fertile and attractive. He would indeed have no choice about the matter, since the diminished income would no longer meet her exactions, and yet enable him to live. A break with the Stern, and hitherto ungrateful, Mistress would be a matter of compulsion. He was very glad of it.

What of that other—the Mistress of his Fancy, delicate sumptuous Cousin Bernadette? Vaguely, yet with a true instinct, he felt that she was at the back of this mood of his and the impulses it inspired. She was the ultimate cause, Joe Halliday's sanguine suggestions but the occasion. Had he not outbid Joe's daring with a greater of his own? She it was who had stirred him to discontent, be it divine or a work of the Devil's; she it was who braved him to his ventures. She showed him the kingdoms of the world and the glory of them—or, at least, very tempting glimpses thereof; would she not herself be his guide through them, conferring on them thereby a greater glory? In return he was ready enough to fall down and worship, asking for himself nothing but leave to kneel in the precincts of the shrine, not touching so much as the hem of her garment.

In response to her beauty, her splendour, the treasure of her comradeship, he offered a devotion as humble and unselfish as it was ardent. But he burned to have an offering to lay at her feet—a venture achieved, the guerdon of a tournament. The smaller vanities worked with these high-flying sentiments. For her sake he would be comely and well-equipped, point-de-vice in his accoutrements; not a poor relation, client, or parasite, but a man of the world—a man of her world—on equal terms with others in it, however immeasurably below herself. If she thought him worthy of her favour, others must think him worthy too; to which end he must cut a proper figure. And that speedily; for a horrible little fiend, a little fiend clever at pricking young men's vanity to the quick, had whispered in his ear that, if he went shabby and betrayed a lack of ready cash, Cousin Bernadette might smile—or be ashamed. Adoration must not have her soaring wings clipped by a vile Economy.

All these things had been surging in him—confusedly but to the point of despair—when he threw the Law Reports across the room and hit Henry in the waistcoat; he had seemed caught hopelessly in his vicious circle, victim beyond help to the Demon of Stagnation. Not so strange, then, his leap for life and freedom, not so mad could seem the risks he took. Joe Halliday had come at a moment divinely happy for his purpose, and had found an audacity greater than his own, the audacity of desperation. Arthur himself wondered not at all at what he had done. But he admired himself for having done it, and was deliciously excited.

Before he left the Temple—and he left that day for good at one o'clock, being by no means in the mood to resume the Law Reports—he wrote two letters. One was to the firm whose name Joe had given him; it requested them to dispose of so much of his patrimony as would produce the sum of fifteen hundred pounds. The other was to his mother. Since it contained some observations on his position and prospects, an extract from it may usefully be quoted:—

"Since I last wrote, I have been considering what is the wisest thing to do with regard to the Bar. No work has appeared yet. Of course it's early days and I am not going to be discouraged too easily. The trouble is that my necessary expenses are heavier than I anticipated; chambers, clerk, circuit, etc., eat into my income sadly, and even with the strictest economy it will, I'm afraid, be necessary to encroach on my capital. I have always been prepared to do this to some extent, regarding it as bread cast upon the waters, but it clearly would not be wise to carry the process too far. I must not exhaust my present resources unless my prospects clearly warrant it. Of course I shall come to no hasty decision; we can talk it all over when I'm with you in the summer. But unless some prospects do appear within a reasonable time, I should be disposed to turn to something else while I still have enough capital to secure an opening." ... "You were quite right, dear Mother, about my calling on the Godfrey Lisles, and I was quite wrong—as usual! I'm ever so glad I've made friends with them at last. They are both delightful people, and they've got a charming house. I've been to several parties there, and have met people who ask me to other houses, so I'm getting quite gay. Cousin Godfrey is quiet and reserved, but very kind. Cousin Bernadette is really awfully pretty and jolly, and always seems glad to see me. She says she's going to launch me in society! I don't object, only, again, it all costs money. Well, I think it's worth a little, don't you?"

And there was a postscript: "Don't worry over what I've said about money. I'm all right for the present, and—between ourselves—I've already something in view—apart from the Bar—which is quite promising."

"What a wise, prudent, thoughtful boy it is!" said the proud mother.