Old Mr. Pelly is the little grey-headed wrinkled man with gold spectacles whom you have seen in London bookshops and curio-stores in late August and early September, when all the world has been away; the little old man who has seemed to you to have walked out of the last century but one. You may not have observed him closely enough at the moment to have a clear recollection of details, but you will have retained an image of knee-breeches and silk stockings; of something peculiar in the way of a low-crowned hat; of a watch and real seals; of a gold snuff-box you would have liked to sell for your own benefit; and of an ebony walking-stick with a silver head and a little silk tassel. On thinking this old gentleman over you will probably feel sorry you did not ask him a question about Mazarine Bibles or Aldus Manutius, so certain were you he would not have been rude. But you did not do so, and very likely he went back to Grewceham, in Worcestershire, where he lives by himself, and you lost your opportunity that time. However that may be, it is old Mr. Pelly our story has to do with now, and he is sitting before a wood-fire out of all proportion to the little dry old thing it was lighted to warm, and listening to the roaring of the wind in the big chimney of the library he sits in. But it is not his own library. That is at Grewceham, two miles off. This library is the fine old library at Surley Stakes, the country-seat of Sir Stopleigh Upwell, M.P., whose father was at school with Mr. Pelly, over sixty years ago. Mr. Pelly is stopping at "The Stakes," as it is called, to avoid the noise and fuss of the little market-town during an election. And for that same reason has not accompanied Sir Stopleigh and his wife and daughter to a festivity consequent on the return of that very old Bart, for the County. They will be late back; so Mr. Pelly can do no better than sit in the firelight, rejecting lamps and candles, and thinking over the translation of an Italian manuscript, in fragments, that his friend Professor Schrudengesser has sent him from Florence. It has been supposed to have some connection with the cinque-cento portrait by an unknown Italian artist that hangs above the fire-blaze. And this portrait is the one the story saw, a little over six months since, in the atelier of that picture-cleaner, Mr. Reginald Aiken, who managed to brew a quarrel with his wife by his own silliness and bad taste. It is only dimly visible in the half-light, but Mr. Pelly knows it is there; knows, too, that its eyes can see him, if a picture's eyes can see, and that its laugh is there on the parted lips, and that its jewelled hand is wound into the great tress of gold that falls on its bosom. For it is a portrait of a young and beautiful woman, such as Galuppi Baldassare wrote music about--you know, of course! And Mr. Pelly, as he thinks what it will look like when Stebbings, the butler, or his myrmidons, bring in lights, feels chilly and grown old.