possibility that even a beautiful young woman might not enjoy losing her job, could not dismiss the matter from his mind until the interview with her was over. He decided, therefore, to hold it at once, and withdrew from the president's room, where, as a directors' meeting was about to take place, the members of the board were already beginning to gather. Bunner was a pale fat man of forty, who was[Pg 4] as cold to the excessive emotion of the third vice president as he was to the inconvenient beauty which had caused it. He paused beside Miss Leavitt's desk in the outer office and requested a moment of her time. [Pg 4] She had finished going over the article on Corals and was about to begin that on Coronach—a Scotch dirge or lamentation for the dead. She had just been wondering whether any created being would ever want to know anything about coronach, when Mr. Bunner spoke to her. If she had followed her first impulse she would have looked up and beamed at him, for she was of the most friendly and warmhearted nature; but she remembered that beaming was not safe where men were concerned—even when they were fat and forty—so she answered coldly, "Yes, Mr. Bunner," and rose and followed him to his own little office. Miss Pearl Leavitt, A. B., Rutland College, was not one of those beauties who must be pointed out to you before you appreciate their quality. On the contrary, the eye roving in her neighborhood was attracted to her as to a luminary. There was nothing finicky or subtle or fine-drawn about her. Her features were rather[Pg 5] large and simple, like a Greek statue's, though entirely without a statue's immobility. Her coloring was vivid—a warm brunette complexion, a bright golden head and a pair of large gray eyes that trembled with their own light as they fixed themselves upon you, much as the reflection of the evening star trembles in a quiet pool. But what had always made her charm, more than her beauty, was her obvious human desire to be a member of the gang—to enjoy what the crowd enjoyed and do what was being done. It was agony to her to assume the icy, impassive demeanor which, since she had been working in offices, she had found necessary. But she did it. She was hard up. [Pg 5] When Mr. Bunner had sent away his stenographer and shut the door he sat down and pressed his small fat hands together. "Miss Leavitt," he said, "I am sorry to be obliged to tell you that during the summer months when so many of our heads of departments are