In each interval of the ancient balustrades, and through the opening in the pierced stone, Talbot can see far down a picture differently lovely. Here the world-famous street, taking its way between its schools and stately college-fronts; and with its Mary church's noble spire and the Radcliffe's dome for crown and finish. Here again the low, scarce swelling hills that so softly girdle the fair town, with the morning mists, not yet sun-pierced, streaming across their dim flanks. Here the river stealing; there the bridge, with its black cluster of men and women, waiting to hear the Hymnus Eucharisticus float down. Here a white snow of cherry-blossom in some garden; there, close at hand, so that he can look down, far below, upon their rooks' nests, Magdalen's tenderly greening trees. Infinite gradations of tender green; infinite gradations of delicate blue dying into dreamy gray, all woven into a mantle in which to wrap the yet sleeping city; and above it all, above Talbot, as he stands, lifted half-way to heaven, as it seems, in the august hush of the dawn, is the arch, severely beautiful, of a sky that seems made out of one pale, perfect turquoise. He has moved away from his companions. He does not want them; does not want any companion. He leans against the parapet; and his eyes rise to the great old pinnacles, whose time-painted gray is married in such marvellous harmony to the cold azure into which they climb. Talbot is thinking of Peggy. She can never be at any very great distance from his thoughts, since there is no fair sight that does not, in one instant, conjure her back to them. There is nothing beautiful whose beauty he does not gauge by its worthiness to be looked at by her. To that height of excellence he acknowledges that the spectacle he is now looking upon attains. He would like her to see it. Where is she now? What is she doing? Doing? Why, asleep, of course; placidly slumbering; or perhaps not so placidly dreaming of Prue. But why is it that on this May morning Talbot is only _thinking_ of Peggy? Why, since it is now more than four months since he was set free to seek her, is he still seeking her only in thought? Surely even his busy life may have spared him the necessary moment to put his fortune 'To the touch, To win, or lose it all.'