THE DERSINGHAMS AT HOME a man who time after time had found himself the last in the group, waiting at the corner, with the hope inspired by the letter, the letter that came thunderingly, trium- phantly, that morning, like an act of deliverance, now dying in him. "My fault," Mr. Smeeth assured him, stopping, and offering the smile of a polite culprit. But when their eyes met fairly, this smile trembled, then fled, leaving Mr. Smeeth himself grave, anxious. He suddenly felt for this man a swelling sympathy, a deep stir of pity, that he had not known for many a month. They might have been brothers; and, indeed, brothers they were for a second or so, peering at one another in some darkened house of tragedy. "Good luck!" Mr. Smeeth heard himself saying. 'Thanks," and there came the ghost of a smile. Mr. Smeeth never saw him again. He had no luck. The successful applicant was very different, much younger, a tall fellow with a remarkably small head, an inquisitive pink nose, and a very wide mouth that opened to show about twice the ordinary number of teeth. His name was Sandycroft, and he knew the trade, for though he had never sold veneers and inlays, he had bought them, having been at one time with Briggs Brothers. This set him apart from all the other appli- cants. Moreover, he appeared to be all keenness and energy, and threw the most passionate emphasis into the slightest remark he made. "Mr. Twigg," he cried, addressing Mr. Golspie, "and Mr. Dersingham, you can rely on me. I know the trade. I know the people. I know the ropes, if you don't mind me saying so." "All right," said Mr. Golspie, with his usual genial