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Billy Woods was looking up at her forlornly. It hurt her to see the love and sorrow in his face. But oh, how avidly his soul drank in the modulations of that longed-for voice—a voice that was honey and gold and velvet and all that is most sweet and rich and soft in the world.

"Peggy," said he, plunging at the heart of things, "where's that will?"

Miss Hugonin kicked forward a little foot-stool to the other side of the fire, and sat down and complacently smoothed out her skirts.

"I knew it!" said she. "I never saw such a one-idea'd person in my life. I knew that would be the very first thing you would ask for, Billy Woods, because you're such an obstinate, stiffnecked donkey. Very well!"—and Margaret tossed her head—"here's Uncle Fred's will, then, and you can do exactly as you like with it, and now I hope you're satisfied!" And Margaret handed him the long envelope which lay in her lap.

Mr. Woods promptly opened it.

"That," Miss Hugonin commented, "is what I term very unladylike behaviour on your part."

"You evidently don't trust me, Billy Woods. Very well! I don't care! Read it carefully—very carefully, and make quite sure I haven't been dabbling in forgery of late—besides, it's so good for your eyes, you know, after being hit over the head," Margaret suggested, cheerfully.

Billy chuckled. "That's true," said he, "but I know Uncle Fred's fist well enough without having to read it all. Candidly, Peggy, I had to look at it, because I—well, I didn't quite trust you, Peggy. And now we're going to burn this interesting paper, you and I."

"Wait!" Margaret cried. "Ah, wait, just a moment, Billy!"

He glanced up at her in surprise, the paper still poised in his hand.

She sat with head drooped forward, her masculine little chin thrust out eagerly, her candid eyes transparently appraising him.

"Why are you going to burn it, Billy?"

"Why?" Mr. Woods, repeated, thoughtfully. "Well, for a variety of reasons. First is, that Uncle Fred really did leave his money to you, and burning this is the only way of making sure you get it. Why, I thought you wanted me to burn it! Last time I saw you—"

"I was in a temper," said Margaret, haughtily. "You ought to have seen that."

"Yes, I—er—noticed it," Mr. Woods admitted, with some dryness; "but it wasn't only temper. You've grown accustomed to the money. You'd miss it now—miss the pleasure it gives you, miss the power it gives you. You'd never be content to go back to the old life now. Why, Peggy, you yourself told me you thought money the greatest thing in the world! It has changed you, Peggy, this—ah, well!" said Billy, "we won't talk about that. I'm going to burn it because that's the only honourable thing to do. Ready, Peggy?"

"It may be honourable, but it's extremely silly," Margaret temporised, "and for my part, I'm very, very glad God had run out of a sense of honour when He created the woman."

"Phrases don't alter matters. Ready, Peggy?"

"Ah, no, phrases don't alter matters!" she assented, with a quick lift of speech. "You're going to destroy that will, Billy Woods, simply because you think I'm a horrid, mercenary, selfish pig. You think I couldn't give up the money—you think I couldn't be happy without it. Well, you have every right to think so, after the way I've behaved. But why not tell me that is the real reason?"

Billy raised his hand in protest. "I—I think you might miss it," he conceded. "Yes, I think you would miss it."

"Listen!" said Margaret, quickly. "The money is yours now—by my act. You say you—care for me. If I am the sort of woman you think me—I don't say I am, and I don't say I'm not—but thinking me that sort of woman, don't you think I'd—I'd marry you for the asking if you kept the money? Don't you think you're losing every chance of me by burning that will? Oh, I'm not standing on conventionalities now! Don't you think that, Billy?"

She was tempting him to the uttermost; and her heart was sick with fear lest he might yield. This was the Eagle's last battle; and recreant Love fought with the Eagle against poor Billy, who had only his honour to help him.

Margaret's face was pale as she bent toward him, her lips parted a little, her eyes glinting eerily in the firelight. The room was dark now save in the small radius of its amber glow; beyond that was darkness where panels and brasses blinked.

"Yes," said Billy, gravely—"forgive me if I'm wrong, dear, but—I do think that. But you see you don't care for me, Peggy. In the summer-house I thought for a moment—ah, well, you've shown in a hundred ways that you don't care—and I wouldn't have you come to me, not caring. So I'm going to burn the paper, dear."

Margaret bowed her head. Had she ever known happiness before?

"It is not very flattering to me," she said, "but it shows that you—care—a great deal. You care enough to—let me go. Ah—yes. You may burn it now, Billy."

And promptly he tossed it into the flames. For a moment it lay unharmed; then the edges caught and crackled and blazed, and their heads drew near together as they watched it burn.

There (thought Billy) is the end! Ah, ropes, daggers, and poisons! there is the end! Oh, Peggy. Peggy, if you could only have loved me! if only this accursed money hadn't spoiled you so utterly! Billy was quite properly miserable over it.

But he raised his head with a smile. "And now," said he—and not without a little, little bitterness; "if I have any right to advise you, Peggy, I—I think I'd be more careful in the future as to how I used the money. You've tried to do good with it, I know. But every good cause has its parasites. Don't trust entirely to the Haggages and Jukesburys, Peggy, and—and don't desert the good ship Philanthropy because there are a few barnacles on it, dear."

"You make me awfully tired," Miss Hugonin observed, as she rose to her feet. "How do you suppose I'm going to do anything for Philanthropy or any other cause when I haven't a penny in the world? You see, you've just burned the last will Uncle Fred ever made—the one that left everything to me. The one in your favour was probated or proved or whatever they call it a week ago." I think Billy was surprised.

She stood over him, sharply outlined against the darkness, clasping her hands tightly just under her chin, ludicrously suggestive of a pre-Raphaelitish saint. In the firelight her hair was an aureole; and her gown, yellow with multitudinous tiny arabesques of black velvet, echoed the glow of her hair to a shade. The dancing flames made of her a flickering little yellow wraith. And oh, the quaint tenderness of her eyes!—oh, the hint of faint, nameless perfume she diffused! thus ran the meditations of Billy's dizzied brain.

"Listen! I told you I burned the other will. I started to burn it. But I was afraid to, because I didn't know what they could do to me if I did. So I put it away in my little handkerchief-box—and if you'd had a grain of sense you'd have noticed the orris on it. And you made me promise not to take any steps in the matter till you got well. I knew you would. So I had already sent that second will—sent it before I promised you—to Hunston Wyke—he's my lawyer now, you know—and I've heard from him, and he has probated it."

Billy was making various irrelevant sounds.

"And I brought that other will to you, and if you didn't choose to examine it more carefully I'm sure it wasn't my fault. I kept my word like a perfect gentleman and took no step whatever in the matter. I didn't say a word when before my eyes you stripped me of my entire worldly possessions—you know I didn't. You burned it up yourself, Billy Woods—of your own free will and accord—and now Selwoode and all that detestable money belongs to you, and I'm sure I'd like to know what you are going to do about it. So there!"