Miss Penny and Graeme did most of the talking. Margaret was unusually silent, pondering, perhaps, her friend\'s utterances of the early morning, and still wondering at the strange turn of events that had so unexpectedly thrown herself and John Graeme into such close companionship that he could actually claim to be in charge of her, and had proved it beyond question by making her buy a pair of shoes which she considered anything but shapely.

Graeme understood and kept to his looking-glass promise.

His heart was dancing within him. It was impossible to keep the lilt of it entirely out of his eyes. They were radiant with this unlooked-for happiness.

It was Margaret\'s shadow that mingled with his own on the sunny road—when it wasn\'t Miss Penny\'s. It was Margaret\'s pleated blue skirt that swung beside him to a tune that set his pulses leaping. Miss Penny\'s skirt was there too, indeed, but a thousand of it flapping in a gale would not have quickened his pulse by half a beat.

And Miss Penny probably understood—some things, or parts of things—or thought she did, and was extremely happy in that which was vouchsafed to her. Oh, she knew, did Miss Penny! She had not, indeed, had much—if put into a corner and made to confess to bare and literal truth, not any—experience, that is personal and practical experience, of such matters,—if, indeed, such matters are capable of being brought to the test of such a word as practical. But she had read much about them—in search of truth, and right and fitting books to be admitted to the school library—and she knew all about it. And here, unless she, Henrietta Penny, was very much mistaken, was a veritable live love-affair budding and blossoming—at least she hoped it would blossom—before her very eyes. Budding it undoubtedly was, on one side at all events, and blossom it certainly should if she could help it on; for he had ripply hair, and deep attractive eyes, and a frank open face, and she liked him.

They were suddenly in the shade, threading a narrow cutting between high gorse-topped banks of crumbly yellow rock. Then, without any warning, the rock-walls fell away. They were out into the sunshine again, and in front stretched a wavering rock path, the narrow crown of a ridge whose sides sank sharply out of sight. From somewhere far away below came the surge and rush of many waters.

"This is the Coupée," said Graeme, as the dogs raced across. "Over there is Little Sark."

"It is grand!" said Margaret, gazing at the huge rock buttresses whose loins came up through the white foam three hundred feet below.

"It\'s awful!" said Miss Penny. "You\'re never going across, Mr. Graeme?" as he strolled on along the narrow ridge.

"Surely! Why not? It\'s perfectly safe. There was a wooden railing at this side, but it fell over about a fortnight ago, and at present the good folks of Little Sark and Big Sark are discussing who ought to put up a new one. I happened to be sitting over there when it fell. A party of visitors came down the cutting here, and one was just going to lean on the raili............