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 His young lordship slipped down upon the hearth-rug, and sat there with the picture still in his hand. He seemed to be reflecting seriously, before he answered.

"I did think perhaps I might go into business with Mr. Hobbs," he said; "but I should like to be a President."

"We'll send you to the House of Lords instead," said his grandfather.

"Well," remarked Lord Fauntleroy, "if I couldn't be a President, and if that is a good business, I shouldn't mind. The grocery business is dull sometimes."

Perhaps he was weighing the matter in his mind, for he sat very quiet after this, and looked at the fire for some time.

The Earl did not speak again. He leaned back in his chair and watched him. A great many strange new thoughts passed through the old nobleman's mind. Dougal had stretched himself out and gone to sleep with his head on his huge paws. There was a long silence.

In about half an hour's time Mr. Havisham was ushered in. The great room was very still when he entered. The Earl was still leaning back in his chair. He moved as Mr. Havisham approached, and held up his hand in a gesture of warning — it seemed as if he had scarcely intended to make the gesture — as if it were almost involuntary. Dougal was still asleep, and close beside the great dog, sleeping also, with his curly head upon his arm, lay little Lord Fauntleroy.