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ally under the same roof. If he had been living with them his presence would have been a matter of course, and less constant companionship and diversion would probably have been considered necessary for him than they were when he dropped in at odd times. The advancing season and the grey dark mornings made the early rides impossible. Rachel in her secret soul did not regret them. Sir William had taken the habit of looking in at Cosmo Place on his way to Pall Mall and further eastward, and it always gave Rachel a pang of remorse if she found that by an unlucky chance she had been out of the way when he came. He would also sometimes come in on his way back, as has been said, in the obvious expectation of having a game of chess, of which Rendel, if he were at home, had not the heart to disappoint him. In these days there was not much occupation for him in the City. The excitement of starting and floating the "Equator" Company and the allotting of the shares to the eager band of subscribers had been accomplished some time since. The "Equator's" hour, however, had not come yet. The outlook in the City was not encouraging for those who knew how to read the weather chart of the coming days. The heart of the country was still beating fast and tumultuously after the emotions of the past two years; it needed a period of assured quiet to regain its normal condition. In the meantime the storm seemed to be subsiding. The great railway laying its iron grip on the heart of Africa was advancing steadily from the north as well as from the south: it was nearing the Equator. The country, its imagination profoundly stirred by the enterprise, watched it in suspense. But until the meeting of the two giant highways was effected, everything depended upon an equable balance of forces, of which a touch might destroy the equilibrium. German possessions and German forces lay perilously near the meeting of the two lines. At any moment a spark from some other part of the world might be wafted to Africa and set the fierce flame of war ablaze in the centre of the continent. The General Election was coming within measurable distance; the Liberal Peace Crusade was strenuously canvassing the country in favour of coming to a definite understanding with certain foreign powers. At the house in Cosmo Place it was no longer always possible, as on that first evening, to avoid the subject of politics. "I must say," said Rendel one night with enthusiasm--St
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