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As he came out of Moffatt's office at the conclusion of this visit Ralph met Mr. Spragg descending from his eyrie. He stopped short with a backward glance at Moffatt's door. "Hallo what were you doing in there with those cut-throats?" Ralph judged discretion to be essential. "Oh, just a little business for the firm." Mr.

"Of course there is," she said gaily. She led the way back into the gallery, half hoping the dealer would allege a pressing reason for departure. She was excited and amused at Moffatt's unexpected appearance, but humiliated that he should suspect her of being in financial straits. She never wanted to see Moffatt except when she was happy and triumphant.

"THIS man...THIS man..." he couldn't get beyond the thought: whichever way he turned his haggard thought, there was Moffatt bodily blocking the perspective...Ralph's eyes roamed toward the crystal toy that stood on the desk beside Moffatt's hand. Faugh! That such a hand should have touched it! Suddenly he heard himself speaking. "Before my marriage did you know they hadn't told me?"

The difficulty of finding another opening made him fear a break; and his thoughts turned hopefully to Elmer Moffatt's hint of a "deal." The success of the negotiation might bring advantages beyond the immediate pecuniary profit; and that, at the present juncture, was important enough in itself.

The next morning, he and Clare travelled up to town together, and at the station he put her in the motor which was to take her to Long Island, and hastened down to Moffatt's office.

She herself was astonished at the white heat of anger which possessed her as she listened to Mrs Moffatt's questionings. "Picked him up," indeed! What insolence; what vulgarity! What an indignity to speak of him in such words. Her indignation seemed almost as much on Guest's account as her own.

"I'm not in the least interested in Miss Moffatt's affairs." "But you ought to be, for they concern Julie," cried the Duchess. "Can't you imagine what kind of things people are saying?

Moffatt's voice had recovered its usual cordial note, and the warmth of his welcome dispelled Ralph's last apprehension. "Why, yes, everything's going along first-rate. They thought they'd hung us up last week but they haven't. There may be another week's delay; but we ought to be opening a bottle of wine on it by the Fourth."

It had occurred to her that the simplest way of explaining Moffatt was to tell Ralph that she had unexpectedly discovered an old Apex acquaintance in the protagonist of the great Ararat Trust fight. Moffatt's defeat had not wholly divested him of interest.

Only once before had she failed to gain her end with him and there was a peculiar irony in the fact that Moffatt's intrusion should have brought before her the providential result of her previous failure. Not that she confessed to any real resemblance between the two situations. In the present case she knew well enough what she wanted, and how to get it.