"No," said Frank.

"Not?... To London, perhaps?"

"Well, not exactly," said Frank; "at least, not just yet."

Mr. Mackintosh blotted the book carefully, and extracted the _exeat_.
He pushed it gently towards Frank.

"About that auction!" he said, smiling indulgently; "I did want to have
a word with you about that. It was very unusual; and I wondered.... But
I am happy to think that there was no disturbance.... But can you tell
me exactly why you chose that form of ... of ..."

"I wanted to make as much money as ever I could," said Frank.

"Indeed!... Yes.... And ... and you were successful?"

"I cleared all my debts, anyhow," said Frank serenely. "I thought that
very important."

Mr. Mackintosh smiled again. Certainly this young man was very well
behaved and deferential.

"Well, that's satisfactory. And you are going to read at the Bar now? If
you will let me say so, Mr. Guiseley, even at this late hour, I must say
that I think that a Third Class might have been bettered. But no doubt
your tutor has said all that?"