The ragged beard stuck out, set teeth showed through the wild moustache, and in a sudden out-pouring we had his views. They were narrow and intemperate and perverse as any I had heard him advocate as the firebrand of the Debating Society in my first term. But they were stated with all the old vim and venom. The mind of Nasmyth had not broadened with the years, but neither had its natural force abated, nor that of his character either. He spoke with great vigor at the top of his voice; soon we had a little crowd about us; but the tall collars and the broad smiles of the younger Old Boys did not deter our dowdy demagogue. Why spend money on a man who had been dead two hundred years? What good could it do him or the school? Besides, he was only technically our founder. He had not founded a great public school. He had founded a little country grammar school which had pottered along for a century and a half. The great public school was the growth of the last fifty years, and no credit to the pillar of piety. Besides, he was only nominally pious. Nasmyth had made researches, and he knew. And why throw good money after a bad man? "Are there many of your opinion?" inquired Raffles, when the agitator paused for breath. And Nasmyth beamed on us with flashing eyes. "Not one to my knowledge as yet," said he. "But we shall see after to-morrow night. I hear it's to be quite an exceptional gathering this year; let us hope it may contain a few sane men. There are none on the present staff, and I only know of one among the trustees!" Raffles refrained from smiling as his dancing eye met mine. "I can understand your view," he said. "I am not sure that I don't share it to some extent. But it seems to me a duty to support a general movement like this even if it doesn't take the direction or the shape of our own dreams. I suppose you yourself will give something, Nasmyth?" "Give something? I? Not a brass farthing!" cried the implacable banker. "To do so would be to stultify my whole position. I cordially and conscientiously disapprove of the whole thing, and shall use all my influence against it. No, my good sir, I not only don't subscribe myself, but I hope to be the means of nipping a good many subscriptions in the bud." I was probably the only one who saw the sudden and yet subtle change in Raffles--the hard mouth, the harder eye. I, at least, might have foreseen the sequel then and there. But his quiet voice betrayed nothing, as he inquired whether Nasmyth was going to speak at next night's meeting. Nasmyth said he might, and certainly warned us what to expect. He was still fulminating when our train came in. "Then we meet again at Philippi," cried Raffles in gay adieu. "For you have been very frank with us all, Nasmyth, and I'll be frank enough in my turn to tell you that I've every intention of speaking on the other side!"