In old days the Mercerons had been great folk. They had held the earldom of Langbury and the barony of Warmley. A failure of direct descent in the male line extinguished the earldom; the Lady Agatha was the daughter of the last earl, and would have been Baroness Warmley had she lived. On her death that title passed to her cousin, and continued in that branch till the early days of the present century. Then came another break. The Lord Warmley of that day, a Regency dandy, had a son, but not one who could inherit his honors, and away went the barony to a yet younger branch, where, falling a few years later into female hands, it was merged in a brand-new viscounty, and was now waiting till chance again should restore it to an independent existence. From the Mercerons of the Court it was gone for ever, and the blot on their escutcheon which lost it them was a sore point, from which it behooved visitors and friends to refrain their tongues. The Regent had, indeed, with his well-known good nature, offered a baronetcy to hide the stain; but pride forbade, and the Mercerons now held no titles, save the modest dignity which Charlie's father, made a K.C.B. for services in the North-West Provinces, had left behind him to his widow. But the old house was theirs, and a comfortable remnant of the lands, and the pictures of the extinct earls and barons, down to him whose sins had robbed the line of its surviving rank and left it in a position, from an heraldic point of view, of doubtful respectability. Lady Merceron felt so acutely on the subject that she banished this last nobleman to the smoking-room. There was, considering everything, an appropriateness in that position, and he no longer vexed her eyes as she sat at meat in the dining room. She had purposed a like banishment for Lady Agatha; but here Charlie had interceded, and the unhappy beauty hung still behind his mother's chair and opposite his own. It was just to remember that but for poor Agatha's fault and fate the present branch might never have enjoyed the honors at all; so Charlie urged to Lady Merceron, catching at any excuse for keeping Lady Agatha. Lady Merceron's way of judging pictures may seem peculiar, but the fact is that she lacked what is called the sense of historical perspective: she did not see why our ancestors should be treated so tenderly and allowed, with a charitable reference to the change in manners, forgiveness for what no one to-day could hope to win a pardon. Mr. Vansittart Merceron smiled at his sister-in-law and shrugged his shoulders; but in vain. To the smoking-room went the wicked Lord Warmley, and Lady Agatha was remarkably lucky in that she did not follow him.