The gentlemen laughed; the ladies looked at each other and then at Miss Ringround. That fearless young woman was equal to the occasion. "What have you got against my giant? Out with it!" "Oh, nothing," said Mr. Pilcher; "only your guileless, simple friend has played the sharpest game on record in Montgomery Street." "Go on!" said Miss Rosey. "Shall I?" asked Pilcher of Dumphy. Dumphy laughed his short laugh. "Go on." Thus supported, Mr. Pilcher assumed the ease of a graceful _raconteur_. "Miss Rosey's guileless friend, ladies and gentlemen, is the superintendent and shareholder in a certain valuable silver mine in which Dumphy is largely represented. Being about to leave the country, and anxious to realise on his stock, he contracted for the sale of a hundred shares at $1000 each, with our friend Mr. Dyce, the stocks to be delivered on a certain date--ten days ago. Instead of the stock, that day comes a letter from Conroy--a wonderful piece of art--simple, ill-spelled, and unbusiness-like, saying, that in consequence of recent disappointment in the character and extent of the lead, he shall not hold Dyce to his contract, but will release him. Dyce, who has already sold that identical stock at a pretty profit, rushes off to Dumphy's broker, and finds two hundred shares held at $1200. Dyce smells a large-sized rat, writes that he shall hold Gabriel to the performance of his contract, makes him hand over the stock, delivers it in time, and then loads up again with the broker's 200 at $1200 _for a rise_. That rise don't come--won't come--for that sale was _Gabriel's too_--as Dumphy can tell you. There's guilelessness! There's simplicity! And it cleared a hundred thousand by the operation." Of the party none laughed more heartily than Arthur Poinsett. Without analysing his feelings he was conscious of being greatly relieved by this positive evidence of Gabriel's shrewdness. And when Mrs. Sepulvida touched his elbow, and asked if this were not the squatter who held the forged grant, Arthur, without being conscious of any special meanness, could not help replying with unnecessary significance that it was. "I believe the whole dreadful story that Donna Dolores told me," said she, "how he married the woman who personated his sister, and all that--the deceitful wretch." "I've got that letter here," continued Mr. Pilcher, drawing from his pocket a folded piece of letter paper. "It's a curiosity. If you'd like to see the documentary evidence of your friend's guilelessness, here it is," he added, turning to Miss Ringround.