It contained, wrapped face to face, in a lace and lawn handkerchief, two very exquisite miniatures by Cosway. And then, though he courted surprises, agreeing with himself to expect nothing save the unexpected, and to accept all possible extravagance of improbability that might arise with as little dislocation of mind as one accepts the extravagancies of a dream, Laurence stood for a moment speechless, absolutely confounded.

For one miniature represented his fairy-lady, her lovely eyes and lips smiling with discreet gladsomeness, her expression an enchanting union of sprightliness and of content. An azure ribbon was threaded through the soft masses of her elaborately-dressed hair, little curls of which strayed down on to her forehead. The string of pearls was clasped around her throat. She wore her transparent, white, frilled cape and rose-red, silken gown. Her graceful head and slender figure—to the waist—were seen against a background of faint dove-coloured cloud. The painter had painted fondly as a friend, it would seem, as well as a master of his craft.—And the other miniature, by the same hand, showing the same delightful sympathy of artist with his subject, touched by the same poetic insight and grace, was a portrait of whom? Well, of himself—himself, Laurence Rivers, not as he was to-day, but as he had been, ten years ago, at one-and-twenty. With astonishment, bordering very closely on alarm, he observed that colouring, features, the square cutting of the nostrils, a certain softness in the lines of the mouth, the shape of the head, the straight set of the shoulders, all these were perfectly exact. While the countenance was instinct with that inimitable charm of unsullied youth, that fearlessness and happy self-confidence, the attractive power of which he had only fully realised as they had begun to fade out of his aspect in the course of his passage from early to maturer manhood, while the boundlessly generous aspirations of inexperience were in course of being discredited by increasing knowledge of the standards and habits of this not altogether noble or virtuous world.

Laurence took the miniature in his hand, and considered it closely, with a twinge of self-abasement. Endowed with so ingratiating a personality, so admirable a physical equipment, he ought surely to have made a definite name and place for himself in contemporary history! And what of moment had he to show, after all, for his thirty-one years of living? Practically nothing, he feared. And the young man of the miniature made better play with his handsome person, and the qualities and talents which might be expected to accompany it? He had been a sailor apparently, for he wore the 

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