veritable triumph. Self-confidence was a quality which Honora admired. He
was undaunted by Mrs. Holt, and advised Mrs. Robert, if she had any
pin-money, to buy New York Central; and he predicted an era of prosperity
which would be unexampled in the annals of the country. Among other
powers, he quoted the father of Honora's schoolmate, Mr. James Wing, as
authority for this prophecy. He sat next to Susan, who maintained her
usual maidenly silence, but Honora, from time to time, and as though by
accident, caught his eye. Even Mr. Holt, when not munching his dried
bread, was tempted to make some inquiries about the market.

"So far as I am concerned," Mrs. Holt announced suddenly, "nothing can
convince me that it is not gambling."

"My dear Elvira!" protested Mr. Holt.

"I can't help it," said that lady, stoutly; "I'm old-fashioned, I
suppose. But it seems to me like legalized gambling."

Mr. Spence took this somewhat severe arraignment of his career in
admirable good nature. And if these be such a thing as an implied wink,
Honora received one as he proceeded to explain what he was pleased to
call the bona-fide nature of the transactions of Dallam and Spence.

A discussion ensued in which, to her surprise, even the ordinarily
taciturn Joshua took a part, and maintained that the buying and selling
of blooded stock was equally gambling. To this his father laughingly
agreed. The Vicomte, who sat on Mrs. Holt's right, and who apparently was
determined not to suffer a total eclipse without a struggle, gallantly
and unexpectedly came to his hostess' rescue, though she treated him as a
doubtful ally. This was because he declared with engaging frankness that