Le Breton; you haven't got any permanent appointment here yourself,
have you?'

'Oh no,' Ernest answered: 'no appointment of any sort at all, Miss
Oswald. I'm loitering up casually on the look-out for a fellowship.
I've been in for two or three already, but haven't got them.'

'Why didn't you?' asked Edie, with a look of candid surprise.

'I suppose I wasn't clever enough,' Ernest answered simply. 'Not
so clever, I mean, as the men who actually got them.'

'Oh, but you MUST be,' Edie replied confidently; 'and a great deal
cleverer, too, I'm sure. I know you must, because Harry told me
you were one of the very cleverest men in the whole 'Varsity. And
besides, I see you are, myself. And Harry says most of the men who
get fellowships are really great donkeys.'

'Harry must have been talking in one of those cynical moods he
told us about,' said Ernest, laughing. 'At any rate, the examiners
didn't feel satisfied with my papers, and I've never got a fellowship
yet. Perhaps they thought my political economy just a trifle too
advanced for them.'

'You may depend upon it, that's it,' said Edie, jumping at the
conclusion with the easy omniscience of a girl of nineteen. 'Next
time, make your political economy a little more moderate, you
know, without any sacrifice of principle, just to suit them. What
fellowship are you going in for now?'