Mrs. Lowndes, Emmy West's sister-in-law, was giving a luncheon for the Duchess of Claremanagh; and the Duchess was late. Nine lovely ladies (including the hostess) were waiting for her in the Futurist drawing room of an apartment overlooking the Park. It was not to all tastes a beautiful drawing room, but it was expensive for all purses. So was the apartment; too expensive, Billy Lowndes' friends said, for his. As for the ladies, each one was beautiful, or her clothes were; for Nat Lowndes had chosen her guests with the special view of impressing the Duchess, whom Billy had tried to marry when she was Miss Phayre. The invitations were for one-fifteen, and before one-thirty everyone had arrived--except the Duchess. By twenty to two the nine voices were chattering with almost abnormal gaiety, but ears and eyes were secretly on the alert. Natalie Lowndes was not precisely in the Duchess' "set", or if she was, moved on the chilled outer edge of it. These women who chatted in her startling salon would have preferred other engagements, if they had not been asked "to meet the Duchess of Claremanagh." Most of them knew that Billy had desperately wanted Juliet Phayre, and that Juliet had been at school with his sister, Lady West, now in London. Their private opinion was that the Duchess had accepted for Lady West's sake rather than Mrs. Lowndes'; and as the minutes lagged, they wondered if the chief guest were purposely proving her slight esteem of the circle. This idea ruffled their vanity, and as they talked, glancing at wrist watches, their irritation grew. Natalie who, like her husband, was from the Middle West, felt the atmosphere of her overheated room fall to zero. She began to feel sick at heart, and tears pricked her eyelids. But she kept a brave front. No one had spoken yet of the delay, nor of the lady who caused it; but at a quarter to two it seemed better to be frank. "I can't think what can have happened to Juliet!" Natalie said. (Nat was one of those women who always called her smartest acquaintances by their Christian names--behind their backs.) "We'll wait five minutes more--not a moment longer. I'm sure she wouldn't wish it." "Royalties are always so prompt," said Mrs. Sam Selby-Saunders, who knew the habits of kings and queens from the Sunday Supplements. "Evidently dukes--or anyhow duchesses--don't follow their example." "Something must be the matter," Nat defended the absent. "At first Juliet was afraid she couldn't accept to-day. You know, there's a meeting this morning at Mrs. Van Esten's, to arrange details of the wonderful roof garden show in aid of the Armenians. Juliet had to be present, as she's on the committee. But at last she decided she could get away in time. She must have been kept."