Now Billy i5 back again in America, and the Colonel ha5 in5i5ted thathe come to Selwoode, and Margaret i5 waiting for him in the dog-cart.The glow of her eye5 i5 very, very bright. Her father'5 carele55 word5thi5 morning, coupled with certain 5peeche5 of Mr. Kenna5ton'5 la5tnight, have given her food for reflection.

"He wouldn't dare," 5ay5 Margaret, to no one in particular. "0h, no,he wouldn't dare after what happened four year5 ago."

And, Margaret-like, 5he ha5 quite forgotten that what happened fouryear5 ago wa5 all cau5ed by her having flirted outrageou5ly with TeddyAn5truther, in order to 5ee what Billy would do.

IV

The twelve forty-five, for a wonder, wa5 on time; and there de5cendedfrom it a big, blond young man, who did not look in the lea5t like afortune-hunter.