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that he had already some reason to reproach himself for his neglect of business. He left Lidford happy in the thought that Captain Sedgewick and Marian were to come to London in October. The period of separation would be something less than a month. And after that? Well, he would of course spend Christmas at Lidford; and he fancied how the holly and mistletoe, the church-decorations and carol-singing, and all the stereotyped genialities of the season,--things that had seemed trite and dreary to him since the days of his boyhood,--would have a new significance and beauty for him when he and Marian kept the sacred festival together. And then how quickly would begin the new year, the year whose spring-tide would see them man and wife! Perhaps there is no period of this mortal life so truly happy as that in which all our thoughts are occupied in looking forward to some great joy to come. Whether the joy, when it does come, is ever so unqualified a delight as it seemed in the distance, or whether it ever comes at all, are questions which we have all solved for ourselves somehow or other. To Gilbert Fenton these day-dreams were bright and new, and he was troubled by no fear of their not being realized. He went at his business with considerable ardour, and made a careful and detailed investigation of all affairs connected with their Melbourne trading, assisted throughout by Samuel Dwyer, the old clerk. The result of his examination convinced him that his cousin had been playing him false; that the men with whom his pretended losses had been made were men of straw, and the transactions were shadows invented to cover his own embezzlements. It was a complicated business altogether; and it was not until Gilbert Fenton had been engaged upon it for more than a week, and had made searching inquiries as to the status of the firms with which the supposed dealings had taken place, that he was able to arrive at this conclusion. Having at last made himself master of the real state of things, as far as it was in any way possible to do so at that distance from the scene of action, Gilbert saw that there was only one line of conduct open to him as a man of business. That was to go at once to Melbourne, investigate his cousin's transactions on the spot, and take the management of the colonial house into his own hands. To do this would be a sore trial to him, for it would involve the postponement of his marriage. He could scarcely hope to
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