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 just about to come out, and we must watch the papers."

"There was a remark he made," observed Stephens. "He said it would be of just as much interest, perhaps of far more, to our Colonial papers as to the English."

"Yes—he said that," agreed Fosdick. "He knew, you see, that we were just about setting off home."

"He didn't ask you to his house?" inquired Mr. Pawle.

"That was mentioned, but we couldn't fix dates," replied Fosdick. "However, we told him we were both coming over again on business, next year, and we'd come and see him then."

Mr. Pawle spread out his hands with a gesture of helplessness.

"We're as wise as ever," he exclaimed.

"No," said Fosdick emphatically, "wiser! The man had a secret, affecting powerful interests. Many a man's been put away for having a secret."

Mr. Pawle put his finger-tips together and looked thoughtfully at his elder visitor.

"Well, there's a good deal in that," he said at last. "Now, while you're here, perhaps you can tell me something else about Ashton. How long have you known him?"

"Ever since we were lads," answered Fosdick readily. "He was a grown man, then, though. Stephens and I are about forty—Ashton was sixty."

"You've always known of him as a townsman of Melbourne?"

"That's so. We were taken out there when we