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of rubies relieved against contrasting velvet, the intense blue rays of sapphires kindled into light by surrounding diamonds: all these precious tints enhanced and deepened by the varied art of their setting. The glow of the stones warmed Lily’s veins like wine. More completely than any other expression of wealth they symbolized the life she longed to lead, the life of fastidious aloofness and refinement in which every detail should have the finish of a jewel, and the whole form a harmonious setting to her own jewel-like rareness.

“Oh, Lily, do look at this diamond pendant⁠—it’s as big as a dinner-plate! Who can have given it?” Miss Farish bent short-sightedly over the accompanying card. “ ‘Mr. Simon Rosedale.’ What, that horrid man? Oh, yes⁠—I remember he’s a friend of Jack’s, and I suppose cousin Grace had to ask him here today; but she must rather hate having to let Gwen accept such a present from him.”

Lily smiled. She doubted Mrs. Van Osburgh’s reluctance, but was aware of Miss Farish’s habit of ascribing her own delicacies of feeling to the persons least likely to be encumbered by them.

“Well, if Gwen doesn’t care to be seen wearing it she can always exchange it for something else,” she remarked.

“Ah, here is something so much prettier,” Miss Farish continued. “Do look at this exquisite white sapphire. I’m sure the person who chose it must have taken particular pains. What is the name? Percy Gryce? Ah, then I’m not surprised!” She smiled significantly as she replaced the card. “Of course you’ve heard that he’s perfectly devoted to Evie Van Osburgh? Cousin Grace is so pleased about it⁠—it’s quite a romance! He met her first at the George Dorsets’, only about six weeks ago, and it’s just the nicest possible marriage for dear Evie. Oh, I don’t mean the money⁠—of course she has plenty of her own⁠—but she’s such a quiet stay-at-home kind of girl, and it seems he has just the same tastes; so they are exactly suited to each other.”

Lily stood staring vacantly at the white sapphire on its velvet bed. Evie Van Osburgh and Percy Gryce? The names rang derisively through her brain. Evie Van Osburgh? The youngest, dumpiest, dullest of the four dull and dumpy daughters whom Mrs. Van Osburgh, with unsurpassed astuteness, had “placed” one by one in enviable niches of existence! Ah, lucky girls who grow up in the shelter of a mother’s love⁠—a mother who knows how to contrive opportunities without conceding favours, how to take advantage of propinquity without allowing appetite to be dulled by habit! The cleverest girl may miscalculate where her own interests are concerned, may yield too much at one moment and withdraw too far at the next: it takes a mother’s unerring vigilance and foresight to land her daughters safely in the arms of wealth and suitability.

Lily’s passing lightheartedness sank beneath a renewed sense of failure. Life was too stupid, too blundering! Why should Percy Gryce’s millions be joined to another great fortune, why should this clumsy girl be put in possession of powers she would never know how to use?

She was roused from these speculations by a familiar touch on her arm, and turning saw Gus Trenor beside her. She felt a thrill of vexation: what right had he to touch her? Luckily Gerty Farish had wandered off to the next table, and they were alone.

Trenor, looking stouter than ever in his tight frock-coat, and unbecomingly flushed by the bridal libations, gazed at her with undisguised approval.

“By Jove, Lily, you do look a stunner!” He had slipped insensibly into the use of her Christian name, and she had never found the right moment to correct him. Besides, in her set all the men and women called each other by their Christian names; it was only on Trenor’s lips that the familiar address had an unpleasant significance.

“Well,” he continued, still jovially impervious to her annoyance, “have you made up your mind which of these little trinkets you mean to duplicate at Tiffany’s tomorrow? I’ve got a cheque for you in my pocket that will go a long way in that line!”

Lily gave him a startled look: his voice was louder than usual, and the room was beginning to fill with people. But as her glance assured her that they were still beyond earshot a sense of pleasure replaced her apprehension.

“Another dividend?” she asked, smiling and drawing near him in the desire not to be overheard.

“Well, not exactly: I sold out on the rise and I’ve pulled off four thou’ for you. Not so bad for a beginner, eh? I suppose you’ll begin to think you’re a pretty knowing speculator. And perhaps you won’t think poor old Gus such an awful ass as some people do.”

“I think you the kindest of friends; but I can’t thank you properly now.”

She let her eyes shine into his with a look that made up for the handclasp he would have claimed if they had been alone⁠—and how glad she was that they were not! The news filled her with the glow produced by a sudden cessation of physical pain. The world was not so stupid and blundering after all: now and then a stroke of luck came to the unluckiest. At the thought her spirits began to rise: it was characteristic of her that one trifling piece of good fortune should give wings to all her hopes. Instantly came the reflection that Percy Gryce was not irretrievably lost; and she smiled to think of the excitement of recapturing him from Evie Van Osburgh. What chance could such a simpleton have against her if she chose to exert herself? She glanced about, hoping to catch a glimpse of Gryce; but her eyes lit instead on the glossy countenance of Mr. Rosedale, who was slipping through the crowd with an air half obsequious, half obtrusive, as though, the moment his presence was recognized, it would swell to the dimensions of the room.

Not wishing to be the means of effecting this enlargement, Lily quickly transferred her glance

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