The late sun was just rising, a red ball above the tree-tops. The ground lay shrouded in whiteness, and the dark firs and naked oak boughs were picked out in snow patterns, and the window panes were crusted with the delicate lacework of a hard frost. Mervyn shivered, and wondered apprehensively if he had caught cold in his undertaking of the night. He dressed quickly and went downstairs. He opened the door noiselessly and looked in. The room was in semi-darkness, for the blinds were still down. His guest was still asleep apparently, for there on the couch he lay, the rug drawn over his head. Noiselessly still, Mervyn closed the door, and went out. Then, through the back kitchen—for he would not open the front door lest the grating of the bolts should disturb the sleeper—he passed into the open air. The exhilaration of it in a measure braced him. The sun, mounting higher and higher, had emerged from the red ball stage into radiating beams, which touched the frosty particles on ground and tree alike into myriads of faceted diamonds. Mechanically he mounted the staircase-like path which led up to the sluice. The ice lay, a pure white triangle, narrowing away to the distantly converging woods; the break, now frozen over and newly coated with snow, hardly showing. But to this he took his way. Heavens! it was a mystery the man had escaped the frozen death—a marvel that he himself should have been aroused just in the very nick of time to rescue him—he now told himself standing on the bank and contemplating the spot in broad daylight. The ladder lay where it had been left, but now frozen fast into the ice. It resisted his efforts to move it. Well, it could stay where it was for the present. When old Joe turned up—by the way, the old rascal was late this morning—they would be able to move it between them, and the ice was thicker for the night’s frost, and would bear easily. He retraced his steps along the woodland path. The leaves crackled crisply under his tread, and hungry blackbirds shot out swiftly from the hollies, uttering alarmed cachinnations. A little red squirrel clawed itself up a tree bole, and squatting in a fork chirked angrily and impudently at him from its place of safety. But as he walked, he was puzzling hard over the strange and sinister impression which the advent of his unknown guest had instilled within his mind. In the cheery and bracing morning light and air, this seemed to strike him as sheer fancy, sheer unreasonable imagining. The man was probably quite all right; his appearance and manner were certainly not unprepossessing. He would persuade him