“Mamma’s asleep, quite worn out, poor dear, so we can talk in here without troubling her,” said Fanny, receiving her friend so quietly that Polly was amazed.

“Let me come too, I won’t make any fuss; it’s so dreadful to be shut out everywhere, and have people crying and talking, and locked up, and I not know what it means,” said Maud, beseechingly.

“You do know now; I’ve told her, Polly,” said Fan, as they sat down together, and Maud perched herself on the bed, so that she might retire among the pillows if her feelings were too much for her.

“I’m glad you take it so well, dear; I was afraid it might upset you,” said Polly, seeing now that in spite of her quiet manner, Fan’s eyes had an excited look, and her cheeks a feverish colour.

“I shall groan and moan by and by, I dare say, but at first it sort of dazed me, and now it begins to excite me. I ought to be full of sorrow for poor papa, and I am truly sorry, but, wicked as it may seem, it’s a fact, Polly, that I’m half glad it’s happened, for it takes me out of myself, and gives me something to do.”

Fanny’s eyes fell and her colour rose as she spoke, but Polly understood why she wanted to forget herself, and put her arm round her with a more tender sympathy than Fanny guessed.

“Perhaps things are not as bad as they seem. I don’t know much about such matters, but I’ve seen people who have failed, and they seemed just as comfortable as before,” said Polly.

“It won’t be so with us, for papa means to give up everything, and not have a word said against him. Mamma’s little property is settled upon her, and hasn’t been risked. That touched her so much! She dreads poverty even more than I do, but she begged him to take it if it would help him. That pleased him, but he said nothing would induce him to do it, for it wouldn’t help much, and was hardly enough to keep her comfortable.”

“Do you know what he means to do?” asked Polly, anxiously.

“He said his plans were not made, but he meant to go into the little house that belonged to grandma as soon as he could, for it wasn’t honest for a bankrupt to keep up an establishment like this.”

“I shan’t mind that at all, I like the little house ’cause it’s got a garden, and there’s a cunning room with a three-cornered closet in it that I always wanted. If that’s all, I don’t think bankrupting is so very bad,” said Maud, taking a cheerful view of things.

“Ah, just wait till the carriage goes and the nice clothes and the servants, and we have to scratch along as we can. You’ll change your mind then, poor child,” said Fanny, whose ideas of failure were decidedly tragical.

“Will they take all my things away?” cried Maud in dismay.

“I dare say; I don’t know what we are allowed to keep; but not much, I fancy,” and Fan looked as if strung up to sacrifice everything she possessed.

“They shan’t have my new ear-rings,—I’ll hide’ em,— and my best dress, and my gold smelling-bottle. Oh, oh, oh! I think it’s mean to take a little girl’s things away!” And Maud dived among the pillows to smother a wail of anguish at the prospect of being bereft of her treasures.

Polly soon lured her out again by assurances that she wouldn’t be utterly despoiled, and promises to try and soften the hard hearts of her father’s creditors if the ear-rings and the smelling-bottle were attacked.

“I wonder if we shall be able to keep one servant, just till we learn how to do the work,” said Fanny, looking at her white hands, with a sigh.