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Rh ceipted, there was not an unpaid account among them. He opened the cheque-book, and saw that, the very night before, a cheque of ten thousand dollars from Mrs. Peniston's executors had been entered in it. The legacy, then, had been paid sooner than Gerty had led him to expect. But, turning another page or two, he discovered with astonishment that, in spite of this recent accession of funds, the balance had already declined to a few dollars. A rapid glance at the stubs of the last cheques, all of which bore the date of the previous day, showed that between four or five hundred dollars of the legacy had been spent in the settlement of bills, while the remaining thousands were comprehended in one cheque, made out. at the same time, to Charles Augustus Trenor.

Selden laid the book aside, and sank into the chair beside the desk. He leaned his elbows on it, and hid his face in his hands. The bitter waters of life surged high about him, their sterile taste was on his lips. Did the cheque to Trenor explain the mystery or deepen it? At first his mind refused to act—he felt only the taint of such a transaction between a man like Trenor and a girl like Lily Bart. Then, gradually, his troubled vision cleared, old hints and rumours came back to him, and out of the very insinuations he had feared to probe, he constructed an explanation of the mystery. It was true, then, that she had taken money from Trenor; but true also, as the contents of the little desk declared, that the Rh