Elsie looked at the clock. It was only just after nine. She ran to her room, put on her jacket and hat, and called a cab. She arrived at half-past nine. Checkley was already in his master's room, laying out the table for the day's work as usual. The girl was touched at the sight of this old servant of sixty years' service doing these offices zealously and jealously. She stood in the outer office watching him through the open door. When he had finished, he came out and saw her. 'Oh!' he grumbled. 'It's you, is it? Well--he hasn't come. If you want to see Mr. Dering, it's full early. If you want to see the new partner, he isn't come. He don't hurry himself. Perhaps you'll sit down a bit and look at the paper. Here's the _Times_. He'll be here at a quarter to ten.' Checkley sat down at his desk and took up a pen. But he laid it down again and began to talk. 'We're in trouble, Miss. No fault of yours-- I don't say it is. We're in trouble. The trouble is going to be worse before it's better. They're not content with robbing the master, but they mock at him and jeer him. They jeer him. They put on his table letters addressed to the man they call Edmund Gray. They open his safe and put things in it belonging to Edmund Gray. We're not so young as we was, and it tells upon us. We're not so regular as we should be. Sometimes we're late--and sometimes we seem, just for a bit, not to know exactly who we are nor what we are. Oh! it's nothing--nothing, but what will pass away when the trouble's over. But think of the black ingratitood, Miss--Oh! black--black. I'm not blamin' you; but I think you ought to know the trouble we're in--considering who's done it and all.' Elsie made no reply. She had nothing to say. Certainly she could not enter into a discussion with this man as to the part, if any, taken in the business by the new partner. Then Checkley made a show of beginning to write with zeal. The morning was hot: the place was quiet: the old man's hand gradually slackened: the pen stopped: the eyes closed: his head dropped back upon his chair: he was asleep. It is not uncommon for an old man to drop off in this way. Elsie sat perfectly still. At eleven o'clock she heard a step upon the stairs. It mounted: it stopped: the private door was opened, and Mr. Dering entered. He stood for a moment in the doorway, looking about the room. Now, as the girl looked at him, she perceived that he was again in the condition described by George--as a matter of fact, it was in this condition that Mr. Dering generally arrived in the morning. His coat was unbuttoned: his face wore the genial and benevolent look which we do not generally associate with lawyers of fifty years' standing: the eyes were Mr. Dering's eyes, but they were changed--not in colour or in form, but in expression. Elsie was reminded of her portrait. That imaginary sketch was no other than the Mr. Dering who now stood before her.