Miss March turned on her heel. It was plain that she regarded him as a worm. Roland did not like being thought a worm, but it was infinitely better than being regarded as an interesting case by the house-surgeon of a hospital. He belonged to the school of thought which holds that it is better that people should say of you, “There he goes!” than that they should say, “How peaceful he looks”. Stress of work prevented further conversation. It was a revelation to Roland, the vigor and energy with which Miss March threw herself into the breach. As a matter of fact, so tremendous had been the labors of the departed Mr. Petheram, that her work was more apparent than real. Thanks to Mr. Petheram, there was a sufficient supply of material in hand to enable 'Squibs' to run a fortnight on its own momentum. Roland, however, did not know this, and with a view to doing what little he could to help, he informed Miss March that he would write the Scandal Page. It must be added that the offer was due quite as much to prudence as to chivalry. Roland simply did not dare to trust her with the Scandal Page. In her present mood it was not safe. To slip it into Percy would, he felt, be with her the work of a moment. * * * * * Literary composition had never been Roland's forte. He sat and stared at the white paper and chewed the pencil which should have been marring its whiteness with stinging paragraphs. No sort of idea came to him. His brow grew damp. What sort of people--except book-makers--did things you could write scandal about? As far as he could ascertain, nobody. He picked up the morning paper. The name Windlebird [*] caught his eye. A kind of pleasant melancholy came over him as he read the paragraph. How long ago it seemed since he had met that genial financier. The paragraph was not particularly interesting. It gave a brief account of some large deal which Mr. Windlebird was negotiating. Roland did not understand a word of it, but it gave him an idea. [*] He is a character in the Second Episode, a fraudulent financier. Mr. Windlebird's financial standing, he knew, was above suspicion. Mr. Windlebird had made that clear to him during his visit. There could be no possibility of offending Mr. Windlebird by a paragraph or two about the manners and customs of financiers. Phrases which his kindly host had used during his visit came back to him, and with them inspiration. Within five minutes he had compiled the following WE JUST WANT TO KNOW, YOU KNOW WHO is the eminent financier at present engaged upon one of his biggest deals? WHETHER the public would not be well-advised to look a little closer into it before investing their money? IF it is not a fact that this gentleman has bought a first-class ticket to the Argentine in case of accidents? WHETHER he may not have to use it at any moment?