of them had the slightest idea how things were. Not a soul knew that the firm of Laverick & Morrison was already practically derelict, that they had on the morrow twenty-five thousand pounds to find, neither credit nor balance at their bankers, and eight hundred and fifty pounds in the safe. Laverick, haggard from his long vigil, locked up his books at last, turned out the lights, and locking the doors behind him walked into the silent street. Instinctively he turned his steps westwards. This might well be the last night on which he would care to show himself in his accustomed haunts, the last night on which he could mix with his fellows freely, and without that terrible sense of consciousness which follows upon disaster. Already there was little enough left of it. It was too late to change and go to his club. The places of amusement were already closed. To-morrow night, both club and theatres would lie outside his world. He walked slowly, yet he had scarcely taken, in fact, a dozen steps when, with a purely mechanical impulse, he paused by a stone-flagged entry to light a cigarette. It was a passage, almost a tunnel for a few yards, leading to an open space, on one side of which was an old churchyard—strange survival in such a part—and on the other the offices of several firms of stockbrokers, a Russian banker, an actuary. It was the barest of impulses which led him to glance up the entry before he blew out the match. Then he gave a quick start and became for a moment paralyzed. Within a few feet of him something was lying on the ground—a dark mass, black and soft—the body of a man, perhaps. Just above it, a pair of eyes gleamed at him through the semi-darkness. Laverick at first had no thought of tragedy. It might be a tramp or a drunkard, perhaps,—a fight, or a man taken ill. Then something sinister about the light of those burning eyes set his heart beating faster. He struck another match with firm fingers, and bent forward. What he saw upon the ground made him feel a little sick. What he saw racing away down the passage prompted him to swift pursuit. Down the arched court into the open space he ran, himself an athlete, but mocked by the swiftness of the shadowlike form which he pursued. At the end was another street—empty. He looked up and down, seeking in vain for any signs of life. There was nothing to tell him which way to turn. Opposite was a very labyrinth of courts and turnings. There was not even the sound of a footfall to guide him. Slowly he retraced his steps, lit another match, and leaned over the prostrate figure. Then he knew that it was a tragedy indeed upon which he had stumbled.