_Royal Palace Hotel_.

Beatrice passed her hand across her face wearily. She stood for a moment looking into the fire, her thoughts very far away. Gradually the world and its surroundings came back to her, and she was more or less conscious that somebody was in the room. As she turned suddenly a tall figure turned also, and made with hesitation towards the door.

"I am afraid," the stranger said in a soft, pleading voice; "I am afraid that I have made a mistake."

"If you are looking for anybody," Beatrice suggested, "my father has these rooms. If you have come to see Sir Charles Darryll, why, I could----"

It struck Beatrice just for a moment that here was an adventurer after the silver plate. But a glance at the beautiful, smooth, sorrowful face beat down the suspicion as quickly as it had risen. The intruder was unmistakably a lady, she was dressed from head to foot in silver grey, and had a bonnet to match. In some vague way she reminded Beatrice of a hospital nurse, and then again of some _grande dame_ in one of the old-fashioned country houses where the parvenue and the Russo-Semitic financier is not permitted to enter.

"I took the wrong turn," the stranger said. "I fancy I can reach the corridor by that door opposite. These great hotels are so big, they confuse me. So you are Beatrice Darryll; I have often heard of you. If I may venture to congratulate you upon----"

"No, no," Beatrice cried quickly. "Please don't. Perhaps if you tell me your name I may be in a position to help you to find anybody you may chance----"

The stranger shook her head as she stood in the doorway. Her voice was low and sweet as she replied.

"It does not in the least matter," she said. "You can call me the Slave of the Bond."

CHAPTER II

The guests had assembled at length, the dinner was in full swing. It would have been hard for any onlooker to have guessed that so much misery and heart-burning were there. Sir Charles, smiling, gay, debonair, chatted with his guests as if quite forgetful of the silent watchers by the railings outside. He might have been a rich man as he surveyed the tables and ordered the waiters about. True, somebody else would eventually pay for the dinner, but that detracted nothing from the host's enjoyment.

Beatrice had a fixed 

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