Johnson was one broad smile.

    "Come up before he changes his mind," he said, and led her to the lift. "You'll have to do all the talking, Miss Bennett—he's an eccentric old cuss and as hard as flint."

    He showed her into a small and comfortably furnished room, and waved his hand to a writing-table littered with papers.

    "My little den," he explained.

    From the "den" a large rosewood door opened upon Mr. Maitland's office.

    Johnson knocked softly, and, with a heart that beat a little faster, Ella was ushered into the presence of the strange old man who at that moment was dominating the money market.

    The room was large, and the luxury of the fittings took her breath away. The walls were of rosewood inlaid with exquisite silver inlay. Light came from concealed lamps in the cornice as well as from the long stained-glass windows. Each article of furniture in the room was worth a fortune, and she guessed that the carpet, into which her feet sank, equalled in costliness the whole contents of an average house.

    Behind a vast ormolu writing-table sat the great Maitland, bolt upright, watching her from under his shaggy white brows. A few stray hairs of his spotless beard rested on the desk, and as he raised his hand to sweep them into place, she saw he wore fingerless woollen gloves. His head was completely bald…she looked at his big ears, standing away from his head, fascinated. Patriarchal, yet repulsive. There was something gross, obscene, about him that hurt her. It was not the untidiness of his dress, it was not his years. Age brings refinement, that beauty of decay that the purists call caducity. This old man had grown old coarsely.

    His scrutiny lacked the assurance she expected. It almost seemed that he was nervous, ill at ease. His gaze shifted from the girl to his secretary, and then to the rich colouring of the windows, and then furtively back to Ella again.

    "This is Miss Bennett, sir. You remember that Bennett is our exchange clerk, and a very smart fellow indeed. Miss Bennett wants you to reconsider your decision about that salary cut."

    "You see, Mr. Maitland," Ella broke in, "we're not particularly well off, and the reduction makes a whole lot of difference to us."

    Mr. Maitland wagged his bald head impatiently.

    "I don't care whether you're well off or not well off," he said loudly. "When I reduces salaries I reduces 'um, see?"

    She stared at him in amazement. The voice was harsh and common. The language and tone were of the gutter. In that sentence he confirmed all her first impressions.

    "If he don't like it he can go, and if you don't like it"—he fixed his dull eyes on the uncomfortable-looking Johnson—"you can go too. There's lots of fellers I can get—pick 'um up on the streets! Millions of 'um! That's all." Johnson tiptoed from the presence and closed the door behind her.

    "He's a horror!" she gasped. "How can you endure contact with him, Mr. Johnson?"

    The stout man smiled quietly.

    "'Millions of 'um,'" he repeated, "and he's right. With a million and a half unemployed on the streets, I can't throw up a good job—"

    "I'm sorry," she said, impulsively putting her hand on his arm. "I didn't know he was like that," she went on more mildly. "He's—terrible!"

    "He's a self-made man, and perhaps he would have been well advised to have got an artisan to do the job," smiled Johnson, "but he's not really bad. I wonder why he saw you?"

    "Doesn't he see people?"

    He shook his head.

    "Not unless it is absolutely necessary, and that only happens about twice a year.