insufficiently evil to stimulate custom to the extent of his desires. Depression, as of storm, permeated the social atmosphere. Churches were full, places of amusement comparatively empty. To laugh seemed an indiscretion trenching on indecency. Amid surrounding bravery of imperial purple, cream-colour, and gold, Poppy St. John sat at the extreme end of the first row of balcony stalls in the newly opened Twentieth Century Theatre. This was a calm and secluded spot, since the partition, dividing off the boxes, flanked it on the right. Partly on this account Poppy had selected it. Partly, also, because it afforded an excellent view of the left of the stage; and it was on the left--looking from the body of the house--that the principal action of the piece, as far as Dot Parris's part was concerned, took place. Poppy was unattended. She wanted an evening's rest, an evening free of conversation and effort; but she wanted something to look at, too, something affording just sufficient emotional stimulus to keep importunate thought at bay. This the theatre supplied. It had ceased long ago to tire her. She knew the ways of it from both sides of the footlights uncommonly well, and loved them indifferently much. She was a shrewd and cynical critic. Nevertheless, to go to the play was a sort of going home to her--a home neither very socially nor morally exalted, perhaps, but one offering the advantages of perfect familiarity. Huddled in a black velvet fur-lined sacque, reaching to her feet and abundantly trimmed with jet embroidery and black lace, she settled herself in her place. The soft fur was cosey against her bare neck. She felt chilly. Later she might peel, thereby exhibiting the values of the rest of her costume. But it was not worth while to do so yet. The first piece was over, but the house was still a poor one. It might fill up. She hoped it would for Dot's sake; for few things are more disheartening than to play to empty benches. But, at present, the audience was altogether too sparse for it to be worth while to sacrifice comfort to effect. In point of fact, Poppy was cold from sheer fatigue. For the last month, to employ her own rather variegated phraseology, she had racketed, had persistently and pertinaciously been "going the pace." No doubt they do these things better in France; yet, as she reflected, provided you are unhampered by prejudice, are fairly in funds and know the ropes, even grimy fog-bound London is, in this particular connection, by no means to be sneezed at. And truly Poppy's autobiography during the said month would have made extremely merry reading, amounting in some aspects to a positive classic--though of the kind hardly suited as a basis of instruction for the pupils of a young ladies' school. Setting aside adventures of a more questionable character, a positively alarming good luck had pursued her, everything she touched turning to gold. Even in this hour of financial depression