in town--at that time. He was a member of the Board of Trade, but he was scarcely an operator in the strictest sense of the word. If he won he whistled, if he lost he whistled. It mattered little. Good looking, well dressed, generous to a fault, tainted but moderately with scandal, he was a man whom everybody admired, but who admired few in return--a perfectly natural and proper condition if one but stops to consider. Miss Vernon was beautiful--of that there was no question. Tall, fair, brown-eyed and full of the life that loves, she ruled the hearts of many and--kept her hand for one. Her short, gay life had been one of luxury and ease. She had known few of its cares; its vicissitudes belonged to the charities she supported with loyal persistency. Her aunt, society mad, was her only mentor, her only guide. A path had been made for her, and she saw no other alternative than to travel it as designed. A careless, buoyant heart, full of love and tenderness and warmth, allowed itself to be tossed by all of the emotions, but always sank back safely into the path of duty and rectitude. It was not of sufficient moment to combat her aunt's stubborn authority; it was so much easier to do her own sweet will without conflict and then smile down on the consequences. Possibly it is true that she did not love her aunt. If that were the case, she kept it well to herself. She could not have been blamed, however, for disliking the dictator. Hugh Ridgeway was more or less right when he said that no one in town admired the old lady. She was hard, devoid of humor, wrapped up in her own selfishness; shrewd, capable and resourceful. Her brother, on his deathbed, signed the instrument which made this arrogant relative the arbiter of the girl's future for many years to come. She was appointed guardian and trustee until legal age was attained, and as such she was absolute in her power. The large fortune was to be held in trust by this aunt, Mrs. Torrence, and the Hon. Stanley Goodland, until Grace was twenty-three years of age. The income from the investments in bonds, real estate and high-class securities was to be handled by Mrs. Torrence as she saw fit in the effort to better the young woman's mental and social estate. To do her justice, she performed the duties well and honorably, even though her measure of human nature was not full to overflowing. Grace, with a mind and heart of her own, undertook to cultivate human nature from her own point of view after years of tolerance, and she succeeded so well that her aunt was none the wiser. On one point, however, the paragon was so firm and unassailable