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s card and frowned while he waited in the glass-roofed patio. Time was valuable and he hoped Mrs. Seaton would not be long. On the whole, he did not think he was going to be shabby, but perhaps shabbiness was justified. Ellen had not forgotten she had thought him her lover, and although it was long since she would not forget. She hated his wife and had tried to injure him. Cartwright imagined she would try again, and so long as she kept her shares her antagonism was dangerous. She entered the patio with two young tourists, whom she sent off, and beckoned Cartwright to a bench behind a palm. The sun that pierced the glass roof was strong and he reflected with dry amusement that Ellen looked better by electric light in the evening. Although she smiled, her glance was keen and not friendly. "I arrived some days since and met Barbara in the street, but she has not been to see me yet," she said. "However, now you have come I ought to be satisfied! Since you were able to get away from the office, I expect shipping is languid." Cartwright thought she meant to be nasty. For one thing, Barbara had not gone to see her and perhaps had not urged her calling at the hotel. Ellen did not like the girl, but she wanted to know people and Mrs. Cartwright had stopped at Las Palmas for some time. As a rule, Clara's friends were good. This, however, was not important. He must buy Ellen's shares before _Arcturus_ arrived and the news of her salvage got about. "Oh, well," he said, "although I think I see signs of improvement, things are not very promising yet." "If you are not hopeful, the outlook must be black," Mrs. Seaton remarked meaningly. "Perhaps I ought to sympathize, but the effort's too much. My investments have all gone wrong and my luck at the Grand National was remarkably bad. In fact, if nobody will buy my shares in your line, I may be forced to agree with the people who want to wind up the company." Cartwright thought his luck was good. Ellen was extravagant and a gambler. No doubt, she needed money, but he knew she was willing to hurt him and could do so. All the same, if she could force him to buy the shares she thought worth nothing, her greed would conquer her spitefulness. Well, he was going to indulge her. "If you did join my antagonists, I might pull through, but I'll admit it would be awkward," he replied. "In order to avoid the fight, I'll buy your shares for ten shillings." Mrs. Seaton hesitated. She
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