FORBES had planned to visit the Army and Navy Club, in which he held a membership, but now he preferred to lunch alone—yet not alone, for he was entertaining a guest.

The head waiter could not see her when Forbes presented himself at the door of the Knickerbocker cafÉ. And when he pulled out the little table to admit Forbes to a seat on the long wall-divan that encircles the room, the head waiter thought that only Forbes squeezed through and sat down. The procession of servitors brought one plate, one napkin, silver for one, ice and water for one, brown bread and toast for one; and the waiter heard but one portion ordered from the hors d'oeuvres variÉs, from the plat du jour in the roulante, and from the patisseries.

But Forbes had a guest. She sat on the seat beside him and nibbled fascinatingly at the banquet he ordered for her.

The vivacious throng that crowds this corner room at noon paid Forbes little attention. Many would have paid him more had they understood that the ghost of Persis Cabot was nestling at his elbow, and conspiring with him to devise a still newer thing than the dancing tea or the tango luncheon—a before-breakfast one-step. In fancy he was now thridding the maze between the tables with her.

But he paid for only one luncheon. The bill, however, shocked him into a realization that he could not long afford such fodder as he had been buying for himself. He decided to get his savings deposited somewhere before they had slipped through his fingers.

On his way to New York he had asked advice on the important question of a bank, and had been recommended to an institution of fabulous strength. It did not pay interest on its deposits, but neither did it quiver when panics rocked the country and shook down other walls.

When Forbes computed the annual interest on his savings, the sum was almost negligible. But the thought of losing the principal in a bank-wreck was appalling. He chose safety for the hundred per cent. rather than a risky interest of four. Especially as he had heard that Wall Street was in the depths of the blues, and New York in a doldrums of uncertainty.

To Forbes, indeed, nearly everybody looked as if he had just got money from home and expected more, and the talk of hard times was ludicrous in view of these opulent mobs and these shop-windows like glimpses of Golconda. But perhaps this was but the last flare of a sunset before nightfall.

In any case, he was likely to have his funds tempted away from him, and he must hasten to push them into a stronghold. He found at the bank that there was a minimum below which an account was not welcome. His painful self-denials had enabled him just to clear that minimum with no more interval than a skilful hurdler leaves as he grazes the bar.

He felt poorer than ever for this reminder of his penury, and he almost slunk from the bank. Just outside he stumbled upon Ten Eyck, who greeted him with a surprised:

"Do you bank here?"

"I was just opening an account," Forbes answered.

"Pardon my not lifting my hat before," said Ten Eyck. "I didn't know your middle name was Croesus."

Forbes could only shrug his shoulders with deprecation. He had no desire to pose as a man of means, and yet he had too much pride to publish his mediocrity.

"I'll call for you at four, Mr. Rothschild," said Ten Eyck. "Got a date at Sherry's here. Good-by!"

The afternoon promised to be unconscionably long in reaching four o'clock, and Forbes set out for another saunter down the Avenue. There was a mysterious change. It might have been that the sky had turned gray, or that the best people were not yet abroad; but the women were no longer so beautiful. He kept comparing them with one that he had learned to know since yesterday afternoon's pageant had dazzled him. Already there was a kind of fidelity to her in this unconscious disparagement of the rest of womankind.

He did not explain it so easily to himself, nor did he understand why the shop-windows had become immediately so interesting. Yesterday a spadeful of diamonds dumped upon a velvet cloth was only a spadeful of diamonds to him, and it was nothing more. It stirred in him no more desire of possession than the Metropolitan Art Gallery or the Subway. He would have been glad to own either, but the lack gave him no concern.

This afternoon, however, he kept saying: "What would she think if I gave her that crown of rubies and emeralds? Does she like sapphires, I wonder? If only I had the right to take her in there and buy her a dozen of those hats? If that astounding gown were hung upon her shoulders instead of on that wax smirker, would it be worthy of her?"

He found himself standing in front of jewelers' windows, and trying to read the prices on the little tags. He had already selected one ring as an engagement ring, when he managed by much craning to make out the price. He fell back as if a fist had reached through the glass to smite him. If he could have drawn out his bank-account twice he could not have paid for it.

He gave up looking at diamonds and solaced himself by the thought that before he bankrupted the United States Army with buying her an engagement ring, he had better get her in love with him a little.

This train of thought impelled him to pause now before the windows of haberdashers. Without being at all a fop, he had a soldier's love of splendor, and he saw nothing effeminate in the bolts of rainbow clippings which men were invited to use for shirts. He looked amorously at great squares of silk meant to be knotted into neck-scarves, of which all but a narrow inch or two would be concealed. And he saw socks that were as scandalously brilliant as spun turquoises or knitted opals.

These little splashes of color were all that the sober male of the present time permits himself to display. They were all the more enviable for that. From one window a hand seemed to reach out, not to smite, but to seize him by his overworked scarf and hale him within. He departed five dollars the poorer and one piece of silk the richer, and hurried back to his room ashamed of his vanity.

On his way thither he remembered that he was still an officer in the regular establishment, and the first thing he did on his return to his room was to compose a formal report of his arrival in New York City. He sent it to the post at Governor's Island, so that in case a war broke out unexpectedly, an anxious nation might know where to find him.

The only war on the horizon, however, was the civil conflict inside his own heart. His patriotism was undergoing a severe wrench. He was expected to maintain the dignity of the government on a salary that a cabaret performer would count beneath contempt. And for this he was to give up his liberty, his independence, and his time. For this he was to teach nincompoops to raise a gun from the ground to their round shoulders, and to keep from falling over their own feet; for this he was to plow through wildernesses, give himself to volleys of bullets or mosquitoes to riddle, or worse yet, to live in the environs of a great city where beauty and wealth stirred a caldron of joy from which he must keep aloof.

But that was for next week. For a few days more he was exempt; he was a free man. And she wanted to dance with him again! She would not even wait for night to fall. She would dance with him in the daylight—with tea as an excuse!

He began feverishly to robe himself for this festival. Luckily for him and his sort, men's fashions are a republic, and Forbes' well-shaped, though last year's, black morning coat, the pin his mother gave him years ago skewering the scarf he had just bought, his waistcoat with the little white edging, his heavily ironed striped trousers, and his last night's top-hat freshly pressed, clothed him as smartly as the richest fop in town. It is different with women; but a male bookkeeper can dress nearly as well, if not so variously, as a plutocrat.

Forbes had devoted such passionate attention to the proper knotting of that square of silk, that he was hardly ready when the room telephone announced that Mr. Ten Eyck was calling for Mr. Forbes.

But his pains had been so well spent that Ten Eyck, meeting him in the lobby, lifted his hat with mock servility again, and murmured:

"Oh, you millionaire! Will you deign to have a drink with a hick like me?"

Forbes pleasantly requested him not to be a damned fool, but the flattery was irresistible.

They went to the bar-room, where, under the felicitous longitude of Maxfield Parrish's fresco of "King Cole," they fortified themselves with gin rickeys, and set forth for the short walk down Broadway and across to Bustanoby's.

They had been rejected here the night before, but Ten Eyck, at Persis' request, had engaged a table by telephone.

"It's Persis' own party," he explained; "but I have sad news for you: Little Willie isn't invited. He's being punished for being so naughty last night."

"He acted as if he owned Miss Cabot," said Forbes.

"He usually does."

"But he doesn't, does he?—doesn't own her, I mean?" Forbes demanded, with an anxiety that did not escape Ten Eyck, who answered:

"Opinions differ. He'll probably get her some day, unless her old man has a change of luck."

"Her old man?"

"Yes. Papa Cabot has always lived up to every cent he could make or inherit; but he's getting mushy and losing his grip. The draught in Wall Street is too strong for him. Persis will hold on as long as she can, but Little Willie is waiting right under the peach-tree with his basket, ready for the first high wind."

"She couldn't marry him."

"Oh, couldn't she? And why not?"

"She can't love a—a—him?"

"He is an awful pill, but he's well coated. His father left him a pile of sugar a mile high, and his mother will leave him another."

"But what has that to do with love?"

"Who said anything about love? This is the era of the modern business woman."

Forbes said nothing, but looked a rebuke that led Ten Eyck to remind him:

"Remember you promised not to marry her yourself. Of course, you may be a bloated coupon-cutter, but Willie has his cut by machinery. If you put anything less than a million in the bank to-day, you'd better not take Persis too seriously. Girls like Persis are jack-pots in a big game. In fact, if you haven't got a pair of millions for openers, don't sit in. You haven't a chance."

"I don't believe you," Forbes thought, but did not say.

They reached the restaurant, and, finding that Persis had not arrived, stood on the sidewalk waiting for her. Many people were coming up in taxicabs, or private cars, or on foot. They were all in a hurry to be dancing.

"It's a healthier sport than sitting round watching somebody else play baseball—or Ibsen," Ten Eyck observed, answering an imaginary critic; and then he exclaimed:

"Here she is!" as a landaulet with the top lowered sped down the street. The traffic rules compelled it to go beyond and come up with the curb on its right. As it passed Forbes caught a glimpse of three hats. One of them was a man's derby, one of them had a sheaf of goura, one of them was a straw flower-pot with a white feather like a question-mark stuck in it. His heart buzzed with reminiscent anxiety. He turned quickly and noted the number of the car, "48150, N. Y. 1913." The woman he had followed up the Avenue was one of those two.

The chauffeur turned sharply, stopped, backed, and brought the landaulet around with the awkwardness of an alligator. A footman opened the door to Bob Fielding, Winifred Mather, and Persis Cabot.

The answer to the query-plume was Persis. Forbes saw a kind of mystic significance in it.

Winifred, as she put out her hand to him, turned to Persis:

"You didn't tell me our li'l snojer man was coming."

"I wasn't sure we could get him," said Persis, and gave Forbes her hand, her smile, and a cordial word. "Terribly nice of you to come."

He seized her hand to wring it with ardor, but its pressure was so lax that he refrained. His eyes, however, were so fervid that she looked away. For lack of support his hopes dropped like a flying-machine that meets a "hole in the air."