and had been, as all his friends declared, on the high road to ruin. Aunt Macleod had taken her judgement from this period of his life when she had spoken of him as a man who never did anything. But he had come forth again suddenly as a working man; and now they who professed to know, declared that he was by no means poor. He was in the City every day; and during the last two years had earned the character of a shrewd fellow who knew what he was about, who might not perhaps be very mealy-mouthed in affairs of business, but who was fairly and decently honourable in his money transactions. In fact, he stood well on 'Change.

And during these two years he had stood a contest for a seat in Parliament, having striven to represent the metropolitan borough of Chelsea, on the extremely Radical interest. It is true that he had failed, and that he had spent a considerable sum of money in the contest. "Where on earth does your nephew get his money?" men said to John Vavasor at his club. "Upon my word I don't know," said Vavasor. "He doesn't get it from me, and I'm sure he doesn't get it from my father." But George Vavasor, though he failed at Chelsea, did not spend his money altogether fruitlessly. He gained reputation by the struggle, and men came to speak of him as though he were one who would do something. He was a stockbroker, a thorough-going Radical, and yet he was the heir to a fine estate, which had come down from father to son for four hundred years! There was something captivating about his history and adventures, especially as just at the time of the election he became engaged to an heiress, who died a month before the marriage should have taken place. She died without a will, and her money all went to some third cousins.

George Vavasor bore this last disappointment like a man, and it was at this time that he again became fully reconciled to his cousin. Previous to this they had met; and Alice, at her cousin Kate's instigation, had induced her father to meet him. But at first there had been no renewal of real friendship. Alice had given her cordial assent to her cousin's marriage with the heiress, Miss Grant, telling Kate that such an engagement was the very thing to put him thoroughly on his feet. And then she had been much pleased by his spirit at that Chelsea election. "It was grand of him, wasn't it?" said Kate, her eyes brimming full of tears. "It was very spirited," said Alice. "If you knew all, you would say so. They could get no one else to stand but that Mr. Travers, and he wouldn't come forward, unless they would guarantee all his expenses." "I hope it didn't cost George much," said Alice. "It did, though; nearly all he had got. But what 

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