The handsome town house of Howard Jeffries, the well-known banker, on Riverside Drive, was one of the most striking among the many imposing millionaire homes that line the city's splendid water front. Houses there were in the immediate proximity which were more showy and had cost more money, but none as completely satisfying from the art lover's standpoint. It was the home of a man who studied and loved the beautiful for its own sake and not because he wanted to astonish people with what miracles his money could work. Occupying a large plot on slightly elevated ground, the house commanded a fine view of the broad Hudson. Directly opposite, across the river, busy with steam and sailing craft, smiled the green slopes of New Jersey; in the purplish north frowned the jagged cliffs of the precipitous Palisades.

The elder Jeffries, aristocratic descendant of an old Knickerbocker family, was proud of his home and had spent large sums of money in beautifying it. Built in colonial style of pure white marble with long French windows and lofty columns supporting a flat, rounded roof, surrounded by broad lawns, wide-spreading shade trees and splashing fountains, it was a conspicuous landmark for miles. The interior was full of architectural beauty. The stately entrance hall, hung with ancestral portraits, was of noble proportions and a superb staircase, decorated with statuary led off to tastefully decorated reception rooms above. To-night the house was brilliantly illuminated and there was considerable activity at the front entrance, where a footman in smart livery stood opening the doors of the carriages as they drove up in quick succession.

Mrs. Jeffries' musicales were always largely attended because she knew the secret of making them interesting. Her husband's wealth and her fine house enabled her to entertain on a liberal scale, and she was a tactful and diplomatic hostess as well. She not only cultivated the right kind of people who were congenial to each other, but she always managed to have some guest of special distinction whom every one was eager to meet. Her own wide acquaintance among the prominent operatic artists and her husband's influential position in the world of finance made this policy an easy way of furthering her social ambitions. She would always invite some one whom she could present as the lion of the evening. One week it would be a tenor from the opera house, another time a famous violinist. In this way she managed to create a little artistic salon on the lines of the famous political salons in which the brilliant women of the eighteenth century moulded public opinion in France.

Alicia knew she was clever and as she stood admiring herself in front of a full length mirror while awaiting the arrival of her guests she congratulated herself that she had made a success of her life. She had won those things which most women hold dear—wealth and social position. She had married a man she did not love, it was true, but other women had done that before her. If she had not brought her husband love she at least was not a wife he need be ashamed of. In her Paquin gown of gold cloth with sweeping train and a jeweled tiara in her hair, she considered herself handsome enough to grace any man's home. It was indeed a beauty which she saw in the mirror—the face of a woman not yet thirty with the features regular and refined. The eyes were large and dark and the mouth and nose delicately moulded. The face seemed academically perfect, all but the expression. She had a cold, calculating look, and a cynic might have charged her with being heartless, of stopping at nothing to gain her own ends.

To-night Alicia had every reason to feel jubilant. She had secured a social lion that all New York would talk about—no less a person than Dr. Bernstein, the celebrated psychologist, the originator of the theory of scientific psychology. Everything seemed to go the way she wished; her musicales were the talk of the town; her husband had just presented her with the jeweled tiara which now graced her head; there seemed to be nothing in the world that she could not enjoy.

Yet she was not happy, and as she gazed at the face reflected before her in the glass she wondered if the world guessed how unhappy she was. She knew that by her own indiscretion she was in danger of losing all she had won, her position in society, her place in the affections of her husband, everything.

When she married Mr. Jeffries it was with deliberate calculation. She did not love him, but, being ambitious, she did not hesitate to deceive him. He was rich, he could give her that prominent position in society for which she yearned. The fact that she was already engaged to a man for whom she did care did not deter her for a moment from her set purpose. She had met Robert Underwood years before. He was then a college boy, tall, handsome, clever. She fell in love with him and they became engaged. As she grew more sophisticated she saw the folly of their youthful infatuation. Underwood was without fortune, his future uncertain. What position could she possibly have as his wife? While in this uncertain state of mind she met Mr. Jeffries, then a widower, at a reception. The banker was attracted to her and being a business man he did things quickly. He proposed and was accepted, all in the brief time of—five minutes. Robert Underwood and the romance of her girlhood were sacrificed without question when it came to reaching a prompt decision. She wrote Underwood a brief letter of farewell, telling him that the action she had taken was really for the best interests of them both. Underwood made no reply and for months did not attempt to go near her. Then he met her in public. There was a reconciliation. He exerted the old spell—on the married woman. Cold and indifferent to her husband, Alicia found it amusing to have her old lover paying her court and the danger of discovery only gave the intrigue additional zest and charm. She did not lead Underwood to believe that he could induce her to forget her duty to Mr. Jeffries, but she was foolish enough to encourage a dangerous intimacy. She thought she was strong enough to be able to call a halt whenever she would be so disposed, but as is often the case she overestimated her powers. The intimacy grew. Underwood became bolder, claiming and obtaining special privileges. He soon realized that he had the upper hand and he traded on it. Under her patronage he was invited everywhere. He practically lived on her friends. He borrowed their money and cheated them at cards. His real character was soon known to all, but no one dared expose him for fear of offending the influential Mrs. Jeffries. Realizing this, Underwood continued his depredations until he became a sort of social highwayman. He had no legitimate source of income, but he took a suite of apartments at the expensive Astruria and on credit furnished them so gorgeously that they became the talk of the town. The magazines and newspapers devoted columns to the magnificence of their furnishings and the art treasures they contained. Art dealers all over the country offered him liberal commissions if he would dispose of expensive objets d'art to his friends. He entered in business relation with several firms and soon his rooms became a veritable bazaar for art curios of all kinds. Mrs. Jeffries' friends paid exorbitant prices for some of the stuff and Underwood pocketed the money, forgetting to account to the owners for the sums they brought. The dealers demanded restitution or a settlement and Underwood, dreading exposure, had to hustle around to raise enough money to make up the deficiency in order to avoid prosecution. In this way he lived from day to day borrowing from Peter to settle with Paul, and on one or two occasions he had not been ashamed to borrow from Mrs. Jeffries herself.

Alicia lent the money more because she feared ridicule than from any real desire to oblige Underwood. She had long since become disgusted with him. The man's real character was now plainly revealed to her. He was an adventurer, little better than a common crook. She congratulated herself on her narrow escape. Suppose she had married him—the horror of it! Yet the next instant she was filled with consternation. She had allowed him to become so intimate that it was difficult to break off with him all at once. She realized that with a man of that character the inevitable must come. There would be a disgraceful scandal. She would be mixed up in it, her husband's eyes would be opened to her folly, it might ruin her entire life. She must end it now—once for all. She had already given him to understand that their intimacy must cease. Now he must stop his visits to her house and desist from trapping her friends into his many schemes. She had written him that morning forbidding him to come to the house this evening. She was done with him forever.

These thoughts were responsible for the frown on the beautiful Mrs. Jeffries' bejeweled brow that particular Saturday evening. Alicia gave a sigh and was drawing on her long kid gloves before the glass, when suddenly a maid entered and tendered her mistress a note. Alicia knew the handwriting only too well. She tore the letter open and read:

Dear Mrs. Jeffries: I received your letter telling me that my presence at your house to-night would be distasteful to you. As you can imagine, it was a great shock. Don't you understand the harm this will do me? Everybody will notice my absence. They will jump to the conclusion that there has been a rupture, and my credit will suffer immediately with your friends. I cannot afford to let this happen now. My affairs are in such condition that it will be fatal to me. I need your support and friendship more than ever. I have noticed for some time that your manner to me has changed. Perhaps you have believed some of the stories my enemies have circulated about me. For the sake of our old friendship, Alicia, don't desert me now. Remember what I once was to you and let me come to your reception to-night. There's a reason why I must be seen in your house.

Yours devotedly,

Robert Underwood.