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when he parted with a guinea, and a five-pound note was to him the extreme of lavishness. He had soon discovered that Julia ran the house extravagantly, and insisting that he wanted to save her trouble took the matter in his own hands. After that nothing was wasted. Every penny was accounted for. Julia wondered why servants stayed with them. They did because Michael was so nice to them. With his hearty, jolly, affable manner he made therrt anxious to please him, and the cook shared his satisfaction when she had found a butcher from whom they could get meat a penny a pound cheaper than elsewhere. Julia could not but laugh when she thought how strangely his passion for economy contrasted with the devil-may-care, extravagant creatures he portrayed so well on the stage. She had often thought that he was incapable of a generous impulse, and now, as though it were the most natural thing in the world, he was prepared to stand aside so that she might have her chance. She was too deeply moved to speak. She reproached herself bitterly for all the unkind things she had for so long been thinking of him.

9

THEY put on the play, and it was a success. After that they continued to produce plays year after year. Because Michael ran the theatre with the method and thrift with which he ran his home they lost little over the failures, which of course they sometimes had, and made every possible penny out of their successes. Michael flattered himself that there was not a management in London where less money was spent on the productions. He exercised great ingenuity in disguising old sets so that they looked new, and by ringing the changes on the furniture that he gradually collected in the store-room saved the expense of hiring. They gained the reputation of being an enterprising management because Michael in order not to pay the high royalties of well-known authors was always willing to give an unknown one a trial. He sought out actors who had never been given a chance and whose salaries were small. He thus made some very profitable discoveries.

When they had been in management for three years they were sufficiently well established for Michael to be able to borrow from the bank enough money to buy the lease of a theatre that had just been built. After much discussion they decided to call it the Siddons Theatre. They opened with a failure and this was succeeded by another. Julia was frightened and discouraged. She thought that the theatre was unlucky and that the public were getting sick of her. It was then that Michael showed himself at his best. He was unperturbed.

"In this business you have to take the rough with the smooth. You're the best actress in England. There are only three people who bring money into the theatre regardless of the play, and you're one of them. We've had a couple of duds.* The next play's bound to be all right and then we shall get back all we've lost and a packet into the bargain."*

As soon as Michael had felt himself safe he had tried to buy Dolly de Vries out, but she would not listen to his persuasion and was indifferent to his coldness. For once his cunning found its match. Dolly saw no reason to sell out an investment that seemed sound, and her half share in the partnership kept her in close touch with Julia. But now with great courage he made another effort to get rid of her. Dolly indignantly refused to desert them when they were in difficulties, and he-gave it up as a bad job. He consoled himself by thinking that Dolly might leave Roger, her godson, a great deal of money. She had no one belonging to her but nephews in South Africa, and you could not look at her without suspecting that she had a high blood pressure. Meanwhile it was convenient to have the house near Guildford to go to whenever they wished. It saved the expense of having a country house of their own. The third play was a winner, and Michael did not hesitate to point out how right he had been. He spoke as though he was directly responsible for its success. Julia could almost have wished that it had failed like the others in order to take him down a peg or two.* For his conceit was outrageous. Of course you had to

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