that hotel that he thinks he found last night. Then we get him into the passage, give him a push, fly back, and shut the door.”

“He’ll starve to death in there,” said Kathleen, “if he’s really real.”

“I expect it doesn’t last long, the ring magics don’t—anyway, it’s the only thing I can think of.”

“He’s frightfully rich,” Jimmy went on unheeding amid the cracking of the bushes; “he’s building a public library for the people where he lives, and having his portrait painted to put in it. He thinks they’ll like that.”

The belt of rhododendrons was passed, and the children had reached a smooth grass walk bordered by tall pines and firs of strange, different kinds. “He’s just round that corner,” said Jimmy. “He’s simply rolling in money. He doesn’t know what to do with it. He’s been building a horse-trough and drinking fountain with a bust of himself on top. Why doesn’t he build a private swimming-bath close to his bed, so that he can just roll off into it of a morning? I wish I was rich; I’d soon show him—”

“That’s a sensible wish,” said Gerald. “I wonder we didn’t think of doing that. Oh, criky!” he added, and with reason. For there, in the green shadows of the pine-walk, in the woodland silence, broken only by rustling leaves and the agitated breathing of the three unhappy others, Jimmy got his wish. By quick but perfectly plain-to-be-seen degrees Jimmy became rich. And the horrible thing was that though they could see it happening they did not know what was happening, and could not have stopped it if they had. All they could see was Jimmy, their own Jimmy, whom they had larked with and quarrelled with and made it up with ever since they could remember, Jimmy continuously and horribly growing old. The whole thing was over in a few seconds. Yet in those few seconds they saw him grow to a youth, a young man, a middle-aged man; and then, with a sort of shivering shock, unspeakably horrible and definite, he seemed to settle down into an elderly gentleman, handsomely but rather dowdily dressed, who was looking down at them through spectacles and asking them the nearest way to the railway-station. If they had not seen the change take place, in all its awful details, they would never have guessed that this stout, prosperous, elderly gentleman with the high hat, the frock-coat, and the large red seal dangling from the curve of a portly waistcoat, was their own Jimmy. But, as they had seen it, they knew the dreadful truth.

“Oh, Jimmy, don’t!” cried Mabel desperately.

Gerald said: “This is perfectly beastly,” and Kathleen broke into wild weeping.

“Don’t cry, little girl!” said That-which-had-been Jimmy; “and you, boy, can’t you give a civil answer to a civil question?”

“He doesn’t know us!” wailed Kathleen.

“Who doesn’t know you?” said That-which-had-been impatiently.

“You—y-you don’t!” Kathleen sobbed.

“I certainly don’t,” returned That-which—“but surely that need not distress you so deeply.”

“Oh, Jimmy. Jimmy, Jimmy!” Kathleen sobbed louder than before.

“He doesn’t know us,” Gerald owned, “or—look here, Jimmy, y-you aren’t kidding, are you? Because if you are it’s simply abject rot—”

“My name is Mr.—,” said That-which-had-been-Jimmy, and gave the name correctly. By the way, it will perhaps be shorter to call this elderly stout person who was Jimmy grown rich by some simpler name than I have just used. Let us call him “That”—short for “That-which-had-been Jimmy.”

“What are we to do?” whispered Mabel, awestruck; and aloud she said: “Oh, Mr. James, or whatever you call yourself, do give me the ring.” For on That’s finger the fatal ring showed plain.

“Certainly not,” said That firmly. “You appear to be a very grasping child.”

“But what are you going to do?” Gerald asked in the flat tones of complete hopelessness.

“Your interest is very flattering,” said That. “Will you tell me, or won’t you, the way to the nearest railway-station?”

“No,” said Gerald, “we won’t.”

“Then,” said That, still politely, though quite plainly furious, “perhaps you’ll tell me the way to the nearest lunatic asylum?”

“Oh, no, no, no!” cried Kathleen. “You’re not so bad as that.”

“Perhaps not. But you are,” That retorted; “if you’re not lunatics you’re idiots. However, I see a gentleman ahead who is perhaps sane. In fact, I seem to recognize him.” A gentleman, indeed, was now to be seen approaching. It was the elderly Ugly-Wugly.

Two hats were raised

“Oh! don’t you remember Jerry?” Kathleen cried, “and Cathy, your own Cathy Puss Cat? Dear, dear Jimmy, don’t be so silly!”

“Little girl,” said That,