been placed before his. He is not so jovial as the rest of us now, because he has partly failed; but the time will come when he will not fail." And then Arthur Wilkinson's health was toasted with a somewhat bated enthusiasm, but still with sufficient éclat to make every glass in Mr. Parker's house ring on its shelf.

Poor Wilkinson's ears tingled when he heard his name pronounced; and he would at the moment have given anything to be allowed to be quiet. But it may be doubted whether he would not have been more hurt had he been left there without any notice. It is very hard to tune oneself aright to a disappointed man. "I'll break the ice for him, at any rate," said Bertram to himself. "When he's used to talk about it, he will suffer less."

Wilkinson had been accounted a good hand at speaking in the debating society, and though rather more prolix than Bertram, and not quite so vivacious, had been considered almost more than a match for his cousin on account of his superior erudition and more practised delivery; but now his voluble gift of words deserted him. "He was much obliged to them," he said; "though perhaps, on the whole, it was better that men who placed themselves in a mediocre condition should be left to their mediocrity. He had no doubt himself of the justness of the lists. It would be useless for him to say that he had not aspired; all the world"—it was all the world to him—"knew too well that he had aspired. But he had received a lesson which might probably be useful to him for the rest of his life. As for failing, or not failing, that depended on the hopes which a man might form for himself. He trusted that his would henceforth be so moderate in their nature as to admit of a probability of their being realized." Having uttered these very lugubrious words, and almost succeeded in throwing a wet blanket over the party, he sat down.

"Now, you're not going to do anybody else, are you?" said Madden.

"Only Twisleton, and Gerard, and Hopgood," answered Bertram; "and Fortescue looks as if he expected it. Perhaps, however, he'll let us off till the day after to-morrow."

And then, with a round of milk punch, another cigar apiece, and a little more chat, the party broke up.

Bertram and Harcourt remained together, and Bertram endeavoured to induce Wilkinson to stay with them. He, however, wished to be alone, and got home to his college by himself.

"You always overrated that man," said Harcourt.

"I think 

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