Reginald could not stand the smile which accompanied this observation, and said, somewhat hotly,--

"Look here, Mr Richmond, if you will say what you've got to say without laughing and speaking disrespectfully of my father, we shall be glad."

"Certainly, Master Cruden," said the lawyer, a trifle disconcerted by this unexpected interruption. Then turning to the widow he continued,--

"The fact is, madam, the late Mr Cruden was, I fear, under the impression that he was considerably better off than he was."

Mr Richmond paused as if for a reply, but as no one spoke he continued,--

"I am sorry to say this appears to have been the case to a much larger extent than even I imagined. Your late husband, Mrs Cruden, I believe spent largely on his estate here, and unfortunately kept no accounts. I have frequently entreated him to reckon over his expenditure, but he always replied that it was considerably under his income, and that there was no need, as long as that was the case, to trouble himself about it."

A nervous movement among his listeners was the only reply the lawyer received to this last announcement, or to the smile which accompanied it.

"Mr Cruden _may_ have been correct in his conjecture, madam, although I fear the contrary."

"If my father said a thing," blurted out Reginald at this point, "I see no reason for doubting his word."

"None in the least, my dear Master Cruden; but unfortunately your father did not know either what his income was or what his expenditure was."

"Do _you_ know what they were?" said Reginald, not heeding the deprecating touch of his mother's hand on his.

"As far as I understand the state of your father's affairs," said Mr Richmond, undisturbed by the rude tone of his inquisitor, "his income was entirely derived from interest in the stock of two American railways, in which he placed implicit confidence, and in one or the other of which he insisted on investing all capital which came to his hand. The total income from these two sources would in my opinion just about cover Mr Cruden's various expenses of all kinds."

There was something like a sigh of relief from the listeners as Mr Richmond reached this point. But it died away as he proceeded.

"In his choice of an investment for his capital Mr Cruden consulted no one, I believe, beyond himself. For some time it seemed a fortunate investment, and the shares rose in value, but latterly they took a turn for the worse, and early this year I am sorry to say one of the railways suspended payment altogether, and Mr Cruden lost a considerable portion of his fortune thereby."

"I heard my husband say some months ago that he had made some slight loss in the City," said Mrs Cruden, "but I imagined from the light manner in which he treated it that it was quite trifling, and would be quickly repaired."

"He did hope that would be the case. Although all his friends urged him to sell out at once, he insisted on holding on, in the hope of the railway recovering itself."

"And has it recovered?" asked Mrs Cruden, with a tremble in her voice.

"I regret to say it has not, Mrs Cruden. On the contrary, it was declared bankrupt a few days ago, and what is still more deplorable, it has involved in its own ruin the other railway in which the remainder of your husband's property was invested, so that all the shares which stand in his name in both concerns are now worth no more than the paper they are printed on."

Mr Richmond came to the point at last with startling abruptness, so much so that for a moment or two his listeners sat almost petrified by the bad news, and unable to say a word. The lawyer finished what he had to say without waiting.

"Your husband heard this lamentable news, Mrs Cruden, on the occasion of his last visit to the City. The only call he made that day was at his banker's, where he was told all, and there is no reason to doubt that the shock produced the stroke from which he died."

"Mr Richmond," said Mrs Cruden, after a while, like one in a dream, "can this be true? What _does_ it all mean?"

"Alas! madam," said the lawyer, "it would be no kindness on my part to deny the truth of what I have told you. It means that unless you or your late husband are possessed of some means of income of which I know nothing, your circ.u.mstances are reduced to a very low point."

"But there must be some mistake," said Horace. "_Both_ railways can't have gone wrong; we shall surely save something?"

"I wish I could hold out any hope. I have all the doc.u.ments at my office, and shall be only too glad, Mrs Cruden, to accompany you to the bank for your own satisfaction."

Mrs Cruden shuddered and struggled bravely to keep down the rising tears. A long pause ensued, every moment of which made the terrible truth clearer to all three of the hearers, and closed every loophole of hope.

"What can be done?" said Horace at last.

"Happily there is Garden Vale," said Reginald, and there was a choking in the throat of the heir as he spoke; "we shall have to sell it."

"The contents of it, you will, Master Cruden," said the lawyer; "the estate itself is held on lease."

"Well, the contents of it," said Reginald, bitterly; "you are not going to make out they don't belong to us?"

"Certainly not," said Mr Richmond, on whom the taunt was quite lost; "unless, as I trust is not the case, your father died in debt."

"Do you mean to say," said Horace, slowly, like one waking from a dream, "do you mean to say we are ruined, Mr Richmond?"

"I fear it is so," said the lawyer, "unless Mr Cruden was possessed of some means of income with which I was not acquainted. I regret very much, Mrs Cruden, having to be the bearer of such bad news, and I can only say the respect I had for your late husband will make any a.s.sistance I can offer you, by way of advice or otherwise, a pleasure."

And Mr Richmond bowed himself out of the room with a smile.

It was a relief to be left alone, and Mrs Cruden, despite her weakness and misery, struggled hard for the sake of her boys to put a brave face on their trouble.

"Reg, dear," said she to her eldest son, who had fairly broken down, and with his head on his hand was giving vent to his misery, "try to bear it. After all, we are left to one another, and--"

The poor mother could not finish her sentence, but bent down and kissed the wet cheek of the boy.

"Of course it means," said Horace, after a pause, "we shall have to give up Garden Vale, and leave Wilderham too. And Reg was sure of a scholarship next term. I say, mother, what _are_ we to do?"

"We are all strong enough to do something, dear boy," said Mrs Cruden.

"I'll take care _you_ don't have to do anything, mother," said Reginald, looking up. "I'll work my fingers to the bones before you have to come down to that." He spoke with clenched teeth, half savagely.

"Even if we can sell all the furniture," continued Horace, taking a practical view of the situation, "it wouldn't give us much to live on."

"Shut up, Horace!" said Reginald. "What's the use of making the worst of everything? Hasn't mother had quite enough to bear already?"

Horace subsided, and the three sat there in silence until the daylight faded and the footman brought in the lights and announced that coffee was ready in the drawing-room.

There was something like a shock about this interruption. What had they to do with men-servants and coffee in the drawing-room, they who an hour or two ago had supposed themselves wealthy, but now knew that they were little better than beggars?

"We shall not want coffee," said Mrs Cruden, answering for all three.

Then when the footman had withdrawn, she said,--

"Boys, I must go to bed. G.o.d bless you, and give us all brave hearts, for we shall need them!"

The funeral took place next day. Happily it was of a simple character, and only a few friends were invited, so that it was not thought necessary to alter the arrangements in consequence of Mr Richmond's announcement of the evening before. But even the slight expense involved in this melancholy ceremony grated painfully on the minds of the boys, who forgot even their dead father in the sense that they were riding in carriages for which they could not pay, and offering their guests refreshments which were not theirs to give. The little cemetery was crowded with friends and acquaintances of the dead--country gentry most of them, who sought to show their respect for their late neighbour by falling into the long funeral procession and joining the throng at the graveside.

It was a severe ordeal for the two boys to find themselves the centres of observation, and to feel that more than half the interest exhibited in them was on account of their supposed inheritance.

One bluff squire came up after the funeral and patted Reginald on the back.

"Never mind, my boy," said he; "I was left without a father at your age.

You'll soon get over it, and your mother will have plenty of friends.

Glad to see you up at the Hall any day, and your brother too. You must join our hunt next winter, and keep up the family name. G.o.d bless you!"