Fred entered on the subject directly, and declared briefly what he had done and was resolved to do, expressing at the end his regret that he should be the cause of disappointment to his father, and taking the blame on his own deficiencies. The regret was genuine, and inspired Fred with strong, simple words.

Mr. Vincy listened in profound surprise without uttering even an exclamation, a silence which in his impatient temperament was a sign of unusual emotion. He had not been in good spirits about trade that morning, and the slight bitterness in his lips grew intense as he listened. When Fred had ended, there was a pause of nearly a minute, during which Mr. Vincy replaced a book in his desk and turned the key emphatically. Then he looked at his son steadily, and said⁠—

“So you’ve made up your mind at last, sir?”

“Yes, father.”

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