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"Certainly," said Thorn. "Only a few of the big jobbers can form an accurate notion how prices ought to go. For people like us speculation is a plunge in the dark."
Osborn was silent for a few moments, but Grace saw that he was pulled in different ways by caution and greed. Then, to her relief, he made a sign of agreement.
"Oh, well! I'll let the thing alone."
Thorn sat down and when Mrs. Osborn had given him some tea they talked about other matters. Presently Grace got up and he walked with her across the lawn.
"Were you satisfied with the advice I gave your father?" he asked.
"Yes," said Grace frankly. "I think he was tempted; I was glad you came."
"After all, a hint that he'd better be prudent did not cost me much. You know I'd do more than that to help you."
"You did all that was necessary," Grace replied. "You have my thanks."
Thorn glanced at her keenly, but there was something chilling in her calm.
"Well, I'm going to London in a day or two and it might be advisable to look Gerald up. I will, if you like."
"Yes," said Grace. "If it doesn't give you much trouble."
She left him and Thorn stood still, frowning. Grace was always like that, friendly but elusive. No matter how he tried, he could not break down her reserve.
CHAPTER VI
THORN MAKES A PLAN
Thorn went up to town and one evening loitered about the hall of his club. London rather bored him, but he went there now and then, because he felt one ought to keep in touch with things. It was, in a sense, one's duty to know what was going on, and the news he picked up helped him to look well informed. Thorn had not much imagination, but he was cautious, calculating, and generally saw where his advantage lay. His small estate was managed well, in general his tenants liked him, and his investments were sound. Nevertheless, he was dissatisfied; he had waited long for Grace Osborn, and feared that in spite of her father's approval he got no nearer her.
Alan Thorn was not romantic but his love for Grace was, to some extent, a generous emotion. He knew Osborn's poverty, and it was plain that if he married Grace he might have to help him out of his embarra.s.sments. He was fond of money and had grounds for imagining that the daughter of a rich neighbor would not refuse him; but he wanted Grace and saw he could not wait much longer. He was fastidious about his clothes, and their color and loose cut prevented people remarking that he was getting fat; his dark hair was carefully brushed. He knew, however, that he was getting heavier fast and that he would soon be bald.
He had meant to go out, but had no particular object and the streets were hot; besides, after the quiet country, he liked the bustle in the hall.
People were beginning to come in and one could see the crowd stream past the gla.s.s doors. Sitting down in a corner he began to muse. Although he had been in town some time, he had not seen Gerald. He had called at the latter's lodgings and found him not at home, while when he went to the bank he was told that Gerald had been sent to manage a small branch office. Thorn thought it strange that Osborn had said nothing about this and wondered whether he knew. Gerald was extravagant and much less frank than he looked; he might have had an object for hiding his promotion.
Thorn understood that Osborn made him some allowance, but it was hard to see how the young man was able to belong to his rather expensive club.
After a time, Gerald came in and glanced at two or three men who stood about. At first, Thorn imagined he was looking for him, but saw he was not. Gerald went into the telephone box close by and shut the door with a jerky movement. It jarred and then swung back a few inches as if the shock had jolted the spring. Thorn, whose curiosity was excited, listened and heard the number Gerald asked for. Then he heard him say:
"Yes--Osborn! Is that Sanderson? Yes--I said _Ermentrudes_. Any chance of a recovery? What--none at all? Can't hear--oh, sell at once!
Margin's gone."
Next moment Gerald obviously saw that the door was open, for he banged it noisily and Thorn heard nothing more. He had, however, heard enough to give him food for thought and waited until Gerald came out. The young man stood still with his mouth firmly set and his eyes fixed on the wall as if he saw n.o.body. His clothes were in the latest fashion, but the look of fastidious languidness that generally marked him had gone. Turning abruptly, he went up the stairs, and Thorn entered the telephone box and opened the directory. When he came out he went up to a man he knew.
"Can you tell me anything about Short and Sanderson, stockbrokers?"
he asked.
"Not much," said the other. "They're outside brokers. I imagine they're trustworthy, but it's better to do business through a member of the Exchange. You'll find it a good rule."
"Thank you," said Thorn, who went upstairs to the smoking-room and found Gerald sitting in front of a table, with a newspaper that dealt with financial matters.
"Hallo!" said Thorn. "I have been expecting you for some days. I suppose you got my message?"
Gerald looked up and his smile was strained. "I did, but have been much engaged. Sit down and join me in a drink."
"What have you ordered?" Thorn asked, and shrugged when Gerald told him.
"That goes better after dinner. I'd sooner have something cool and light."
"Oh, well," said Gerald. "I felt I needed bracing. The fact is, I've had a knock--"
He stopped as a waiter came up and said nothing until the man had gone.
Then he drained his gla.s.s and turned to Thorn.
"I'm in a hole. Can you lend me two thousand pounds?"
Thorn hid his surprise. He thought urgent need had forced Gerald to make his blunt request; it was not his way to plunge at things like that.
"You asked your father for a smaller sum."
"They told you about my letter? Well, things have changed since; changed for the worse."
"They must have changed rather quickly," Thorn remarked, for his suspicion was excited and he thought he saw a light. Gerald had been embarra.s.sed when he wrote to Osborn, and had not wanted the money to invest but to help him to escape the consequences of some extravagance.
"That has nothing to do with it," Gerald rejoined. "Will you let me have the money? You can, if you like."
"To begin with, you had better tell me why you want so large a sum."
Gerald hesitated and his eyelids twitched nervously, but he pulled himself together and Thorn wondered how far he would stick to the truth.
He knew Gerald and did not trust him.
"Very well; I bought some shares. There was good ground for expecting they'd go up--"
"They went down? When did you buy?"
"Your meaning's plain," said Gerald sullenly. "If you insist, it was before I wrote home."
"I suspected something like that. However, you have the shares and they may go up again."
"I haven't got the shares. I bought on a margin, and the margin's gone."
"Then, you're rasher than I thought," Thorn rejoined with a searching look. "Well, you have lost your money and it's something of a surprise to hear you had so much. Anyhow, it was yours, and although the loss is serious, I don't understand how you're embarra.s.sed."
"I borrowed," said Gerald, rather hoa.r.s.ely. "You can wait; the other fellow won't. Then, of course, if I renewed the margin, the shares might recover and put me straight."
Thorn pondered. Gerald's statement was plausible, but he doubted if he had told him all.