they follow a vicious circle bisecting the semi-fashionable world,
and the--other. Shall we say that the expression, unenviable
notoriety, summarises the reputation you have acquired?"

"Exactly," he said; "both kinds of vice, Colonel Arran--respectable
and disreputable."

"Oh! And am I correct in concluding that, at this hour, you stand
there a financially ruined man--at twenty-four years of age----"

"I do stand here; but I'm going to sit down."

He did so, dropped both elbows on the cloth, and balancing his chin
on the knuckles of his clasped hands, examined the older man with
insolent, unchanging gaze.

"Go on," he said coolly, "what else do you conclude me to be?"

"What else is there to say to you, Berkley? You have evidently
seen my attorneys."

"I have; the fat shyster and the bow-legged one." He reached over,
poured himself a glass of brandy from a decanter, then, with an
unpleasant laugh, set it aside untasted.

"I beg your pardon. I've had a hard day of it. I'm not myself,"
he said with an insolent shrug of excuse. "At eleven o'clock this
morning Illinois Central had fallen three more points, and I had no
further interest in the market. Then one of your brokers--" He
leaned farther forward on the table and stared brightly at the