closely, he discovered that a framed panel picture was clamped against it. On taking it out, he found it was the picture that is now lying on the sofa. It was very dirty, and covered with mould; but he managed to clean it, and, to his great joy, saw that he had fallen by mere chance on the one thing for which he had been looking. Here was an authentic portrait of Mr. W. H., with his hand resting on the dedicatory page of the Sonnets, and on the frame itself could be faintly seen the name of the young man written in black uncial letters on a faded gold ground, “Master Will. Hews.” ‘Well, what was I to say? It never occurred to me for a moment that Cyril Graham was playing a trick on me, or that he was trying to prove his theory by means of a forgery.’ ‘But is it a forgery?’ I asked. ‘Of course it is,’ said Erskine. ‘It is a very good forgery; but it is a forgery none the less. I thought at the time that Cyril was rather calm about the whole matter; but I remember he more than once told me that he himself required no proof of the kind, and that he thought the theory complete without it. I laughed at him, and told him that without it the theory would fall to the ground, and I warmly congratulated him on the marvellous discovery. We then arranged that the picture should be etched or facsimiled, and placed as the frontispiece to Cyril’s edition of the Sonnets; and for three months we did nothing but go over each poem line by line, till we had settled every difficulty of text or meaning. One unlucky day I was in a print-shop in Holborn, when I saw upon the counter some extremely beautiful drawings in silver-point. I was so attracted by them that I bought them; and the proprietor of the place, a man called Rawlings, told me that they were done by a young painter of the name of Edward Merton, who was very clever, but as poor as a church mouse. I went to see Merton some days afterwards, having got his address from the printseller, and found a pale, interesting young man, with a rather common-looking wife—his model, as I subsequently learned. I told him how much I admired his drawings, at which he seemed very pleased, and I asked him if he would show me some of his other work. As we were looking over a portfolio, full of really very lovely things,—for Merton had a most delicate and delightful touch,—I suddenly caught sight of a drawing of the picture of Mr. W. H. There was no doubt whatever about it. It was almost a _facsimile_—the only difference being that the two masks of Tragedy and Comedy were not suspended from the marble table as they are in the picture, but were lying on the floor at the young man’s feet. “Where on earth did you get that?” I said. He grew rather confused, and said—“Oh, that is nothing. I did not know it was in this portfolio. It is not a thing of any value.” “It is what you did for Mr. Cyril Graham,” exclaimed his wife; “and if this gentleman wishes to buy it, let him have it.” “For Mr.