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ALL STREET, the next day, had more reassuring reports of Beaufort's situation. They were not definite, but they were hopeful. It was generally understood that he could call on powerful influences in case of emergency, and that he had done so with success; and that evening, when Mrs. Beaufort appeared at the Opera wearing her old smile and a new emerald necklace, society drew a breath of relief.

New York was inexorable in its condemnation of business irregularities. So far there had been no exception to its tacit rule that those who broke the law of probity must pay; and every one was aware that even Beaufort and Beaufort's wife would be offered up unflinchingly to this principle. But to be obliged to offer them up would be not only painful but inconvenient. The disappearance of the Beauforts would leave a considerable void in their compact little circle; and those who were too ignorant or too careless to shudder at the moral catastrophe bewailed in advance the loss of the best ball-room in New York.

Archer had definitely made up his mind to go to Washington. He was waiting only for the opening of the law-suit of which he had spoken to May, so that its date might coincide with that of his visit; but on the following Tuesday he learned from Mr. Letterblair that the case might be postponed for several weeks. Nevertheless, he went home that afternoon determined in any