"All right. I'll buy you two hundred and fifty shares and if I see a half-crown rise I'll sell them at once."

Philip quickly reckoned out how much that would amount to, and his mouth watered; thirty pounds would be a godsend just then, and he thought the fates owed him something. He told Mildred what he had done when he saw her at breakfast next morning. She thought him very silly.

"I never knew anyone who made money on the Stock Exchange," she said. "That's what Emil always said, you can't expect to make money on the Stock Exchange, he said."

Philip bought an evening paper on his way home and turned at once to the money columns. He knew nothing about these things and had difficulty in finding the stock which Macalister had spoken of. He saw they had advanced a quarter. His heart leaped, and then he felt sick with apprehension in case Macalister had forgotten or for some reason had not bought. Macalister had promised to telegraph. Philip could not wait to take a tram home. He jumped into a cab. It was an unwonted extravagance.

"Is there a telegram for me?" he said, as he burst in.

"No," said Mildred.

His face fell, and in bitter disappointment he sank heavily into a chair.

"Then he didn't buy them for me after all. Curse him," he added violently. "What cruel luck! And I've been thinking all day of what I'd do with the money."

"Why, what were you going to do?" she asked.

"What's the good of thinking about that now? Oh, I wanted the money so badly."

She gave a laugh and handed him a telegram.

"I was only having a joke with you. I opened it."

He tore it out of her hands. Macalister had bought him two hundred and fifty shares and sold them at the half-crown profit he had suggested. The commission note was to follow next day. For one moment Philip was furious with Mildred for her cruel jest, but then he could only think of his joy.

"It makes such a difference to me," he cried. "I'll stand you a new dress if you like."

"I want it badly enough," she answered.

"I'll tell you what I'm going to do. I'm going to be operated upon at the end of July."

"Why, have you got something the matter with you?" she interrupted.

It struck her that an illness she did not know might explain what had so much puzzled her. He flushed, for he hated to refer to his deformity.

"No, but they think they can do something to my foot. I couldn't spare the time before, but now it doesn't matter so much. I shall start my dressing in October instead of next month. I shall only be in hospital a few weeks and then we can go away to the seaside for the rest of the Summer. It'll do us all good, you and the baby and me."

"Oh, let's go to Brighton, Philip, I like Brighton, you get such a nice class of people there." Philip had vaguely thought of some little fishing village in Cornwall, but as she spoke it occurred to him that Mildred would be bored to death there.

"I don't mind where we go as long as I get the sea."