"Perhaps you'll be interested to learn," said Lord Yalding, putting his hands in his pockets and staring down at Jimmy, "that Mr.

Jefferson D. Conway was so pleased with your ghost that he got me out of bed at six o clock this morning to talk about it."

"Oh, ripping!" said Jimmy. "What did he say?"

"He said, as far as I can remember," said Lord Yalding, still in the same strange voice "he said: "My lord, your ancestral pile is Al. It is, in fact, The Limit. Its luxury is palatial, its grounds are nothing short of Edenesque. No expense has been spared, I should surmise.

Your ancestors were whole-hoggers. They have done the thing as it should be done every detail attended to. I like your tapestry, and I like your oak, and I like your secret stairs. But I think your ancestors should have left well enough alone, and stopped at that."

So I said they had, as far as I knew, and he shook his head and said:

"No, Sir. Your ancestors take the air of a night with their heads under their arms. A ghost that sighed or glided or rustled I could have stood, and thanked you for it, and considered it in the rent.

But a ghost that bullets go through while it stands grinning with a bare neck and its head loose under its own arm and little boys screaming and fainting in their beds no! What I say is, If this is a British hereditary high-toned family ghost, excuse me!" And he went off by the early train.

"I say," the stricken Jimmy remarked, "I am sorry, and I don't think we did faint, really I don't but we thought it would be just what you wanted. And perhaps someone else will take the house."

"I don't know anyone else rich enough," said Lord Yalding. "Mr.

Conway came the day before he said he would, or you'd never have got hold of him. And I don't know how you did it, and I don't want to know. It was a rather silly trick."

There was a gloomy pause. The rain beat against the long windows.

"I say" Jimmy looked up at Lord Yalding with the light of a new idea in his round face "I say, if you're hard up, why don't you sell your jewels?"

"I haven't any jewels, you meddlesome young duffer," said Lord Yalding quite crossly; and taking his hands out of his pockets, he began to walk away.

"I mean the ones in the panelled room with the stars in the ceiling," Jimmy insisted, following him.

"There aren't any," said Lord Yalding shortly; "and if this is some more ring-nonsense I advise you to be careful, young man. I've had about as much as I care for."

"It's not ring-nonsense, said Jimmy: "there are shelves and shelves of beautiful family jewels. You can sell them and ,"

"Oh, no!" cried Mademoiselle, appearing like an oleograph of a d.u.c.h.ess in the door of the picture-gallery; "don't sell the family jewels "

"There aren't any, my lady," said Lord Yalding, going towards her.

"I thought you were never coming."

"Oh, aren't there!" said Mabel, who had followed Mademoiselle.

"You just come and see,"

"Let us see what they will to show us," cried Mademoiselle, for Lord Yalding did not move; "it should at least be amusing."

"It is," said Jimmy.

So they went, Mabel and Jimmy leading, while Mademoiselle and Lord Yalding followed, hand in hand.

"It's much safer to walk hand in hand," said Lord Yalding; "with these children at large one never knows what may happen next."

It would be interesting, no doubt, to describe the feelings of Lord Yalding as he followed Mabel and Jimmy through his ancestral halls, but I have no means of knowing at all what he felt. Yet one must suppose that he felt something: bewilderment, perhaps, mixed with a faint wonder, and a desire to pinch himself to see if he were dreaming. Or he may have pondered the rival questions, "Am I mad? Are they mad?" without being at all able to decide which he ought to try to answer, let alone deciding what, in either case, the answer ought to be. You see, the children did seem to believe in the odd stories they told and the wish had come true, and the ghost had appeared. He must have thought but all this is vain; I don't really know what he thought any more than you do.

Nor can I give you any clew to the thoughts and feelings of Mademoiselle. I only know that she was very happy, but anyone would have known that if they had seen her face. Perhaps this is as good a moment as any to explain that when her guardian had put her in a convent so that she should not sacrifice her fortune by marrying a poor lord, her guardian had secured that fortune (to himself) by going off with it to South America. Then, having no money left, Mademoiselle

had to work for it. So she went out as governess, and took the situation she did take because it was near Lord Yalding's home.

She wanted to see him, even though she thought he had forsaken her and did not love her any more. And now she had seen him. I dare say she thought about some of these things as she went along through his house, her hand held in his. But of course I can't be sure.

Jimmy's thoughts, of course, I can read like any old book. He thought, "Now he'll have to believe me." That Lord Yalding should believe him had become, quite unreasonably, the most important thing in the world to Jimmy. He wished that Gerald and Kathleen were there to share his triumph, but they were helping Mabel's aunt to cover the grand furniture up, and so were out of what followed. Not that they missed much, for when Mabel proudly said, "Now you'll see, and the others came close round her in the little panelled room, there was a pause, and then nothing happened at all!

"There's a secret spring here somewhere," said Mabel, fumbling with fingers that had suddenly grown hot and damp.

"Where?" said Lord Yalding.

"Here," said Mabel impatiently, "only I can't find it."

And she couldn't. She found the spring of the secret panel under the window all right, but that seemed to everyone dull compared with the jewels that everyone had pictured and two at least had seen. But the spring that made the oak panelling slide away and displayed jewels plainly to any eye worth a king's ransom this could not be found. More, it was simply not there. There could be no doubt of that. Every inch of the panelling was felt by careful fingers. The earnest protests of Mabel and Jimmy died away presently in a silence made painful by the hotness of one's ears, the discomfort of not liking to meet anyone's eyes, and the resentful feeling that the spring was not behaving in at all a sportsmanlike way, and that, in a word, this was not cricket.

"You see!" said Lord Yalding severely. "Now you've had your joke, if you call it a joke, and I've had enough of the whole silly business. Give me the ring it's mine, I suppose, since you say you found it somewhere here and don't let's hear another word about all this rubbish of magic and enchantment."

"Gerald's got the ring," said Mabel miserably.

"Then go and fetch him," said Lord Yalding "both of you."

The melancholy pair retired, and Lord Yalding spent the time of their absence in explaining to Mademoiselle how very unimportant jewels were compared with other things.

The four children came back together.

"We've had enough of this ring business," said Lord Yalding. "Give it to me and we'll say no more about it."

"I I can't get it off," said Gerald. "It it always did have a will of its own."

"I'll soon get it off," said Lord Yalding. But he didn't. "We'll try soap," he said firmly. Four out of his five hearers knew just exactly how much use soap would be.

"They won't believe about the jewels," wailed Mabel, suddenly dissolved in tears, "and I can't find the spring. I've felt all over we all have it was just here, and "

Her fingers felt it as she spoke; and as she ceased to speak the carved panels slid away, and the blue velvet shelves laden with jewels were disclosed to the unbelieving eyes of Lord Yalding and the lady who was to be his wife.

"Jove!" said Lord Yalding.

"Misericorde!" said the lady.

"But why now?" gasped Mabel. "Why not before?"

"I expect it's magic," said Gerald. "There's no real spring here, and it couldn't act because the ring wasn't here. You know Phoebus told us the ring was the heart of all the magic."

"Shut it up and take the ring away and see.

They did, and Gerald was (as usual, he himself pointed out) proved to be right. When the ring was away there was no spring; when the ring was in the room there (as Mabel urged) was the spring all right enough.

"So you see," said Mabel to Lord Yalding.

"I see that the spring's very artfully concealed," said that dense peer. "I think it was very clever indeed of you to find it. And if those jewels are real ,"

"Of course they're real," said Mabel indignantly.