When Mrs. Ernest Neuchamp, of Neuchampstead, was presented to her Gracious Sovereign by ‘the Duchess,’ that exalted lady deigned to express high approval of her very delicately beautiful and exquisitely apparelled subject from the far southern land, and to inquire if all Australian ladies were so lovely and so sweet of aspect and manner as the very lovely young creature she saw before her. The Court Circular was unprecedentedly enthusiastic; and in very high places was Ernest assured that he was looked upon as having conferred lustre upon his order and benefits upon his younger countrymen, to whom he had exhibited so good and worthy an example. All this panegyrical demonstration Ernest Neuchamp received not unsuitably, but with much of his old philosophical calmness of critical attitude. What he really had ‘gone out into the wilderness’ to see, and to do, he reflected he had neither seen nor done. What he found himself elevated to high places for doing, was the presumable amassing of a large fortune, a proceeding popular and always favourably looked upon. But this was only a secondary feature in his programme, and one in which he had taken comparatively little interest. He could not help smiling to himself with humorous appreciation of the satiric pleasantry of the position, conscious also that his depreciation of great commercial shrewdness and boldness in speculation was held to be but the proverbial modesty of a master mind; while the interest which he could not restrain himself from taking in plans for the weal and progress of his old friend and client, Demos, was considered to be the dilettante distraction with which, as great statesmen take to wood-chopping or poultry-rearing, the mighty hunter, the great operator of the trackless waste, like Garibaldi at Caprera, occupied himself. It was hardly worth while doing battle with the complimentary critics, who would insist upon crediting him with all the sterner virtues of their ideal colonist—a great and glorious personage who combined the autocracy of a Russian with the _savoir faire_ of a Parisian, the energy of an Englishman with the instinct of a Parsee and the rapidity of an American; after a while, no doubt, they would find out their god to have feet of clay. He would care little for that. But, in the meanwhile, no misgivings mingled with their enthusiastic admiration. The younger son of an ancient house, which possessed historic claims to the consideration of the county, had returned laden with gold, which he scattered with free and loving hand. That august magnate ‘the Duke’ had (vicariously, of course—he had long lost the habit of personal action save in a few restricted modes) to look to his laurels. There was danger, else, that his old-world star would pale before this newly-arisen constellation, bright with the fresher lustre of the Southern Cross.