Carew's fault was one that is always easily condoned, so nearly akin is it to a virtue; these respectably connected vices are ever the most dangerous, like well-born swindlers. Carew was a spendthrift. He was ostentatiously extravagant in many directions. He owned a smart schooner, which he navigated himself, being an excellent sailor, and the quantities of champagne consumed by his friends on board this vessel were prodigious. When his steady old partner died, Carew began to neglect the business for his pleasures. Soon his income was insufficient to meet his expenses. Speculation on the Stock Exchange seemed to him to be a quicker road to fortune than a slow-going profession. So this man, morally weak though physically brave, not having the courage to curtail his extravagances, hurried blindly to his destruction. He gambled and lost all his own property; for ill-luck ever pursued him. Even then it was not too late to redeem his position. But he was too great a coward to look his difficulties in the face; therefore, having the temptation to commit so terribly easy a crime ever before him in his office, he began--first, timidly, to a small extent; then wildly, in panic, in order to retrieve his losses--to speculate with the moneys entrusted to him by his clients. He pawned their securities; he forged their names; he plunged ever deeper into crime--and all in vain. When it was too late, he swore to himself, in the torments of his remorse, that if he could but once win back sufficient to replace the sums he had stolen, he would cut down all his expenses, forswear gambling and dishonesty, and stick to his profession. At last it came to this. He sold his yacht and everything else he possessed of value. He realised what remained of the securities under his charge, and then placed the entire sum as cover on a certain stock, the price of which, he was told, was certain to rise. It was the gambler's last despairing throw of the dice. The stock suddenly fell; settling day arrived, and his cover was swept away--he had lost all! So he sat in his office this night and faced the situation in an agony of spirit that was more than fear. For this was no unscrupulous, light-hearted villain. An accusing conscience was ever with him, and every fresh descent in crime meant for him a worse present hell of mental torture. He felt that it was idle to hope now, even for a short reprieve. Clients were suspicious. In a day or two at most all must be known. Disgrace and a felon's doom were staring him in the face. It would be impossible for him to raise even sufficient funds to escape from England to some country where extradition treaties were unknown. Carew realised all this. He had forced himself to look through his papers and discover the total of his liabilities. It was a sum he could by no effort refund. He laughed aloud--a savage, discordant laugh, as might be that of some lost soul.