veiled whatever trouble might be between them beneath an insincere cordiality, and Chaffery was soon talking freely, unsuspicious of their crisis. He produced two cigars. "I had a wild moment," he said. "'For once,' said I, 'the honest shall smoke the admirable—or the admirable shall smoke the honest,' whichever you like best. Try one? No? Those austere principles of yours! There will be more pleasure then. But really, I would as soon you smoked it as I. For to-night I radiate benevolence."
He cut the cigar with care, he lit it with ceremony, waiting until nothing but honest wood was burning on the match, and for fully a minute he was silent, evolving huge puffs of smoke. And then he spoke again, punctuating his words by varied and beautiful spirals. "So far," he said, "I have only trifled with knavery."
As Lewisham said nothing he resumed after a pause.
"There are three sorts of men in the world, my boy, three and no more—and of women only one. There are happy men and there are knaves and fools. Hybrids I don't count. And to my mind knaves and fools are very much alike."
He paused again.
"I suppose they are," said Lewisham flatly, and frowned at the fireplace.
Chaffery eyed him. "I am talking wisdom. To-
