ANGEL PAVEMENT see that Mr, Dersingham was taking himself seriously now as the head of a very flourishing little concern. "Nothing wrong, I hope, Mr. Dersingham?" he said, when he had brought in all the books. Mr. Dersingham gave a short laugh, and it was a very unpleasant sound. It startled Mr. Smeeth. "Everything's wrong, Smeeth, every damned thing, unless you can see a way out. Sit down, man, sit down. We're going to be hours and hours on this job." Mr. Smeeth sat down, staring at him. "Golspie's cleared out," Mr. Dersingham continued, "and he's done us in, absolutely done us in. Oh, the rotten swine! God, I was a fool to trust that chap a yard! I ought to have known, I ought to have known. And now he's gone. I rushed up to that flat of his in Maida Vale at lunch-time, hoping to catch him in and have it out with him, but he'd gone—at least, the maid said he had, and it was only a furnished place he'd taken, and she'd been taken over with it, so I suppose she wasn't lying about it. He's going abroad, if he isn't already gone. Clearing out properly, the rotten crook! This isn't the only dirty game he's been playing here, if you ask me. I always thought he had a few more irons in the fire besides his work here. He never spent more than half his time with our business. But he's had plenty of time to do us down/' He was out of his chair now, kick- ing a ball of crumpled paper about the room. "But what's happened, Mr. Dersingham? I thought you knew he might leave us. You told me so a week or two ago, and you said you were getting him to sign an agreement, when he drew all that forward commission, so that you would have the agency/' "Oh, we've got the agency all right," cried Mj,