"Well, gentlemen," said old Wardlaw, "my course seems very clear. I will undo the whole transaction, and return you your money less the premiums, but plus five per cent. interest." And this he did on the spot, for the firm was richer than ever.

When they were gone, Robert Penfold came in and said, "I hear, sir, you devote this day to repairing the wrongs done by your firm: what can you do for me?" He laid a copy of Arthur's confession before him. The old man winced a moment where he sat, and the iron passed through his soul. It was a long time before he could speak. At last he said, "This wrong is irreparable, I fear."

Robert said nothing. Sore as his own heart was, he was not the one to strike a grand old man, struggling so bravely against dishonor.

Wardlaw senior touched his handbell.

"Request Mr. Penfold to step this way."

"Gentlemen," said the old merchant, "the house of Wardlaw exists no more. It was built on honesty, and cannot survive a fraud. Wardlaw and Son were partners at will. I had decided to dissolve that partnership, wind up the accounts and put up the shutters. But now, if you like, I will value the effects, and hand the business over to Penfold and Son on easy terms. Robert Penfold has been accused of forging John Wardlaw's name; to prove this was a calumny, I put Penfold over my door instead of Wardlaw. The city of London will understand that, gentlemen, believe me."

"Mr. Wardlaw," said Robert, "you are a just, a noble--" He could say no more.

"Ah, sir," said Michael, "if the young gentleman had only been like you!"