"You've a right good gold watch, Mr. Lauriston," she answered. "Any pawnbroker--and there's plenty of 'em, I'm sure!--'ud lend you a few pounds on that. Perhaps you've never had occasion to go to a pawnbroker before? No?--well, and I hadn't once upon a time, but I've had to, whether or no, since I came to letting lodgings, and if I'd as good a watch as yours is, I wouldn't go without money in my pocket! If you've money coming in, you can always get your goods back--and I should be thankful for something, Mr. Lauriston, if it was but a couple o' pounds. My landlord's that hard--" Lauriston turned and picked up his hat. "All right, Mrs. Flitwick," he said quietly. "I'll see what I can do. I--I'd never even thought of it." When the woman had gone away, closing the door behind her, he pulled the watch out of his pocket and looked at it--an old-fashioned, good, gold watch, which had been his father's. No doubt a pawnbroker would lend money on it. But until then he had never had occasion to think of pawnbrokers. He had come to London nearly two years before, intending to make name, fame, and fortune by his pen. He had a little money to be going on with--when he came. It had dwindled steadily, and it had been harder to replace it than he had calculated for. And at last there he was, in that cheap lodging, and at the end of his resources, and the cheque for his first two accepted stories had not arrived. Neither had a loan which, sorely against his will, he had been driven to request from the only man he could think of--an old schoolmate, far away in Scotland. He had listened for the postman's knock, hoping it would bring relief, for four long days--and not one letter had come, and he was despairing and heartsick. But--there was the watch! He went out presently, and on the stair, feebly lighted by a jet of gas, he ran up against a fellow-lodger--a young Jew, whom he knew by the name of Mr. Melchior Rubinstein, who occupied the rooms immediately beneath his own. He was a quiet, affable little person, with whom Lauriston sometimes exchanged a word or two--and the fact that he sported rings on his fingers, a large pin in his tie, and a heavy watch-chain, which was either real gold or a very good imitation, made Lauriston think that he would give him some advice. He stopped him--with a shy look, and an awkward blush. "I say!" he said. "I--the fact is, I'm a bit hard up--temporarily, you know--and I want to borrow some money on my watch. Could you tell me where there's a respectable pawnbroker's?" Melky--known to every one in the house by that familiar substitute for his more pretentious name--turned up the gas-jet and then held out a slender, long-fingered hand. "Let's look at the watch," he said curtly, in a soft, lisping voice. "I know more than a bit about watches, mister."