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ths ago that he and Ryley stood level in the hazard of gaining the inheritance, but the history of the legacy, revealed after the funeral, aroused his disgusted imagination, as it had not been roused before. He was beaten; and, more important, he knew it now; he had the incensed, futile, malevolent, devil-may-care feeling of being beaten. He bitterly invited Fate not to stop at half-measures but to come on and do her worst. And Fate, with that mysterious responsiveness which often distinguishes her movements, came on. 'Of course! I might have expected it!' John exclaimed savagely, two days later, when he received a circular to the effect that a small and desperate minority of shareholders were trying to put the famous brewery company into liquidation under the supervision of the Court. The shares fell another five in twenty-four hours. The Bursley Conservative Club knew positively the same night that John had 'got out' at a ruinous loss, and this episode seemed to give vigorous life to certain rumours, hitherto faint, that John and his uncle had violently quarrelled at his aunt's funeral, and that when Meshach died Fred Ryley would be found to be the heir. Other rumours, that Ethel Stanway and Fred Ryley were about to be secretly married, that Dain would have been the owner of Prince but for the difference between guineas and pounds, and that the real object of Arthur Twemlow's presence in the Five Towns was to buy up the concern of Twemlow & Stanway, were received with reserve, though not entirely discredited. The town, however, was more titillated than perturbed, for every one said that old Meshach, for the sake of the family's good name, would never under any circumstances permit a catastrophe to occur. The town saw little of Meshach now--he had almost ceased to figure in the streets; it knew, however, the Myatt pride in the Myatt respectability. * * * * * Leonora sympathised with John, but her sympathy, weakened by his surliness, was also limited by her ignorance of his real plight, and by the secret preoccupation of her own existence. From the evening of the funeral the desire to see Arthur again, to study his features, to hear his voice, definitely took the uppermost place in her mind. She thought of him always, and she ceased to pretend to herself that this was not so. She continually expected him to call, or to meet some one who had met him, or to receive a letter from him. Sh
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