Ovington's Bank

Brownjohn had had his lesson from Wolley, who put up at his house, but he had not learnt it perfectly. He took the notes, and thumbed them over, wetting his thumb as he turned each, and he found the tale correct. "Much obliged, gentlemen," he muttered, and with a perspiring brow he effected his retreat. Already he doubted-so willingly had his money been paid-if he had been wise. He was glad that he had left the five pounds.

But the door had hardly closed on him before Arthur asked the cashier how much gold he had in the cash drawer.

"The usual, sir. One hundred and fifty and thirty-two, thirty-three, thirty-four-one hundred and eighty-four."

"Fetch up two hundred more before Mr. Brownjohn comes back," Arthur said. "Don't lose time."

Rodd did not like Arthur, but he did silent homage to his sharpness. He hastened to the safe and was back in two minutes with twenty rouleaux of sovereigns. "Shall I break them, sir?" he asked.

"Yes, I think so. Ah!" as the door swung open and one of the Welsh brothers entered. It was Mr. Frederick. Arthur nodded. "Good day, Welsh, I was thinking of you. I fancy Clement wants to see you."

"Right-in one moment," the lawyer replied. "Just put that-"

But Arthur saw that he had a cheque to pay in-he banked at Dean's but had clients' accounts with them-and he broke in on his business. "Clement," he said, "here's Welsh. Just give him your father's message."

Clement came forward with his father's invitation-oysters and whist at five on Friday-and his opinion on a glass of '20 he was laying down? He kept the lawyer in talk for a minute or two, and then, as Arthur had shrewdly calculated, the door opened and Brownjohn slid in. The man's face was red, and he looked heartily ashamed of himself, but he put down his notes on the counter. He was going to speak when, "In a moment, Brownjohn," Arthur said. "What is it, Mr. Welsh?"

"Just put this to the Hobdays' account," the lawyer answered recalled to his business. "Fifty-four pounds two shillings and five-pence. And, by the way, are you going to Garth on Saturday?"

"On Saturday, or Sunday, yes. Can I do anything for you!"

"Will you tell the Squire that that lease will be ready for signature on Saturday week. If you don't mind I'll send it over by you. It will save me a journey."

"Good. I'll tell him. He has been fretting about it. Good-day! Now, Mr. Brownjohn?"

"I'd like cash for these," the innkeeper mumbled, thrusting forward the notes, but looking thoroughly ill at ease.

"Man alive, why didn't you say so?" Arthur answered, good-humoredly, "and save yourself the trouble of two journeys? Mr. Rodd, cash for these, please. I've forgotten something I must tell Welsh!" And flinging the cash drawer wide open, he raised the counter-flap and hurried after the lawyer.

Rodd knew what was expected of him, and he took out several fistsful of gold and rattled it down before him. Rapidly, as if he handled so many peas, he counted out and thrust aside Mr. Brownjohn's portion, swiftly reckoned it a second time, then swept the balance back into the open drawer. "I think you'll find that right," he said. "Better count it. How's your little girl that was ailing, Mr. Brownjohn?"

Brownjohn muttered something, his face lighting up. Then he counted his gold and sneaked out, impressed, as Arthur had intended he should be, with his own unimportance, and more inclined than before to think that he had made a mistake in following Wolley's advice.

But before the bank closed that day two other customers came in and drew out the greater part of their balances. They were both men connected in one way or another with the clothier, and the thing stopped there. The following day was uneventful, but the drawings had been unusual, and the two young clerks might have exchanged notes upon the subject if their elders had not appeared so entirely unconscious. As it was, it was impossible for them to think that anything out of the common had happened.

Worse, and far more important, than this matter was the fact that stocks and shares continued to fall all that week. Night after night the arrival of the famous "Wonder," the fast coach which did the journey from London in fifteen hours, was awaited by men who thought nothing of the wintry weather if they might have the latest news. Afternoon after afternoon the journals brought by the mail were fought for and opened in the street by men whose faces grew longer as the week ran on. Some strode up jauntily, and joined themselves to the group of loungers before the coach-office, while others sneaked up privily, went no farther than the fringe of the crowd, and there, gravitating together by twos and threes, conferred in low voices over prices and changes. Some, until the coach arrived, lurked in a neighboring churchyard, raised above the street, and glancing suspiciously at one another affected to be immersed in the study of crumbling gravestones; while a few made a pretence of being surprised, as they passed, by the arrival of the mail, or hiding themselves in doorways appeared only at the last moment, and when they believed that they might do so unobserved.

One thing was noticeable of nearly all these; that they avoided one another's eyes, as if, declining to observe others, they became themselves unseen. Once possessed of the paper they behaved in different ways, according as they were of a sanguine or despondent nature. Some tore the sheet open at once, devoured a particular column and stamped or swore, or sometimes flung the paper underfoot. Others sneaked off to the churchyard or to some neighboring nook, and there, unable to wait longer, opened the journal with shaking fingers; while a few-and these perhaps had the most at stake-dared not trust themselves to learn the news where they might by any chance be overlooked, but hurried homewards through "shuts" and by-lanes, and locked themselves in their offices, afraid to let even their wives come near them.

For the news was very serious to very many; the more so as, inexperienced in speculation, they clung for the most part to the hope of a recovery, and could not bring themselves to sell at a lower figure than that which they might have got a week before. Much less could they bring themselves to sell at an actual loss. They had sat down to play a winning game, and they could not now believe that the seats were reversed, and that they were liable to lose all that they had gained, nay, in many cases much more than their stake. Amazed, they saw stocks falling, crumbling, nay, sinking to a nominal value, while large calls on them remained to be paid, and loans on them to be repaid. No wonder that they stared aghast, or that many after a period of stupefaction, at a state of things so new and so paralyzing, began to feel that it was neck or nothing with them, and bought when they should have sold, seeing that in any case the price to which stock was falling meant their ruin.

For a time indeed there was no public outcry and no great excitement on the surface. For a time men kept their troubles to themselves, jealous lest they should get abroad, and few suspected how common was their plight or how many shared it. Men talk of their gains but not of their losses, and the last thing desired by a business man on the brink of ruin is that his position should be made public. But those behind the scenes feared only the more for the morrow; for with this ferment of fear and suspense working beneath the surface it was impossible to say at what moment an eruption might not take place or where the ruin would stop. One thing was certain, that it would not be confined to the speculators, for many a sober trader, who had never bought shares in his life, would fail, beggared by the bankruptcy of his debtors.

Ovington returned on the Friday, and Arthur met him at the Lion, as he had met him eleven months before. They played their parts well-so well that even Arthur did not learn the news until the door of the bank had closed behind them and they were closeted with Clement in the dining-room. Then they learned that the news was bad-as bad as it could be.

The banker retained his composure and told his story with calmness, but he looked very weary. Williams'-Williams and Co. were Ovington's correspondents in London-would do nothing, he told them. "They would not re-discount a single bill nor hear of an acceptance. My own opinion is that they cannot."

Arthur looked much disturbed. "As bad as that," he said, "is it?"

"Yes, and I believe, nay, I am sure, lad, that they fear for themselves. I saw the younger Williams. He gave me good words, but that was all; and he looked ill and harassed to the last degree. There was a frightened look about them all. I told them that if they would re-discount fifteen thousand pounds of sound short bills, we should need no further help, and might by and by be able to help others. But he would do nothing. I said I should go to the Bank. He let out-though he was very close-that others had done so, and that the Bank would do nothing. He hinted that they were short of gold there, and saw nothing for it but a policy of restriction. However, I went there, of course. They were very civil, but they told me frankly that it was impossible to help all who came to them; that they must protect their reserve. They were inclined to find fault, and said it was credit recklessly granted that had produced the trouble, and the only cure was restriction."

"But surely," Arthur protested, "where a bank is able to show that it is solvent?"

"I argued it with them. I told them that I agreed that the cure was to draw in, but that they should have entered on that path earlier; that to enter on it now suddenly and without discrimination after a period of laxity was the way to bring on the worst disaster the country had ever known. That to give help where it could be shown that moderate help would suffice, to support the sound and let the rotten go was the proper policy, and would limit the trouble. But I could not persuade them. They would not take the best bills, would in fact take nothing, discount nothing, would hardly advance even on government securities. When I left them-"

"Yes?" The banker had paused, his face betraying emotion.

"I heard a rumor about Pole's."

"Pole's? Pole's!" Arthur cried, astounded; and he turned a shade paler. "Sir Peter Pole and Co.? You don't mean it, sir? Why, if they go scores of country banks will go! Scores! They are agents for sixty or seventy, aren't they?"

The banker nodded. His weariness was more and more apparent. "Yes, Pole's," he said gloomily. "And I heard it on good authority. The truth is-it has not extended to the public yet, but in the banks there is panic already. They do not know where the first crash will come, or who may be affected. And any moment the scare may spread to the public. When it does it will run through the country like wild-fire. It will be here in twenty-four hours. It will shake even Dean's. It will shake us down. My God! when I think that for the lack of ten or twelve thousand pounds-which a year ago we could have raised three times over with the stroke of a pen-just for the lack of that a sound business like this-"

He broke off, unable to control his voice. He could not continue. Clement went out softly, and for a minute or so there was silence in the room, broken only by the ticking of the clock, the noise of wheels in the street, the voices of passers-by-voices that drifted in and died away again, as the speakers walked by on the pavement. Opposite the bank, at the corner of the Market Place, two dogs were fighting before a barber's shop. A woman drove them off with an umbrella. Her "Shoo! Shoo!" was audible in the silence of the room.

Before either spoke again, Clement returned. He bore a decanter of port, a glass, a slice of cake. "D'you take this, sir," he said. "You are worn out. And never fear," cheerily, "we shall pull through yet, sir. There will surely be some who will see that it will pay better to help us than to pull us down."

The banker smiled at him, but his hand shook as he poured out the wine. "I hope so," he said. "But we must buckle to. It will try us all. A run once started-have there been any withdrawals?"

They told him what had happened and described the state of feeling in the town. Rodd had been going about, gauging it quietly. He could do so more easily, and with less suspicion, than the partners. People were more free with him.

Ovington held his glass before him by the stem and looked thoughtfully at it. "That reminds me," he said, "Rodd had some money with us-three hundred on deposit, I think. He had better have it. It will make no difference one way or the other, and he cannot afford to lose it."

Arthur looked doubtful. "Three hundred," he said, "might make the difference."

"Well, it might, of course," the banker admitted wearily. "But he had better have it. I should not like him to suffer."

"No," Clement said. "He must have it. Shall I see to it now? The sooner the better."

No one demurred, and he left the room. When he had gone Arthur rose and walked to the window. He looked out. Presently he turned. "As to that twelve thousand?" he said. "That you said would pull us through? Is there no way of getting it? Can't you think of any way, sir?"

"I am afraid not," Ovington answered, shaking his head. "I see no way. I've strained our resources, I've tried every way. I see no way unless-"

"Yes, sir? Unless?"

"Unless-and I am afraid that there is no chance of that-your uncle could be induced to come forward and support us-in your interest."

Arthur laughed aloud, but there was no mirth in the sound. "If that is your hope, if you have any idea of that kind, sir," he said, "I am afraid you don't know him yet. I know nothing less likely."

"I am afraid that you are right. Still, your future is at stake. I am sorry that it is so, lad, but there it is. And if it could be made clear to him that he ran no risk?"

"But could it? Could it?"

"He would run no risk."

"But could he be brought to see that?" Arthur spoke sharply, almost with contempt. "Of course he could not! If you knew what his attitude is towards banks generally, and bankers, you would see the absurdity of it! He hates the very name of Ovington's."

The other yielded. "Just so," he said. Even to him the idea was unpalatable. "It was only a forlorn hope, a wild idea, lad, and I'll say no more about it. It comes to this, that we must depend on ourselves, show a brave face, and hope for the best."

But Arthur, though he had scoffed at the suggestion which Ovington had made, could not refrain from turning it over in his mind. He had courage enough for anything, and it was not the lack of that which hindered him from entertaining the project. The storm which was gathering ahead, and which threatened the shipwreck of his cherished ambition and his dearest hopes, was terrible to him, and to escape from its fury he would have faced any man, had that been all. But that was not all. He had other interests. If he applied to the Squire and the Squire took it amiss, as it was pretty certain that he would, then not only would no good be done and no point be gained, but the life-boat, on which he might himself escape, if things came to the worst, would be shipwrecked also.

For that life-boat consisted in the Squire's influence with Josina. The Squire's word might still prevail with the girl, silly and unpractical as she was. It was a chance; no more than a chance, Arthur recognized that. But at Garth the old man's will had always been law, and if he could be brought to put his foot down, Arthur could not believe that Josina would resist him. And amid the wreck of so many hopes and so many ambitions, every chance, even a desperate chance, was of value.

But if he was to retain the Squire's favor, if he was to fall back on his influence, he must do nothing to forfeit that favor. Certainly he must not hazard it by acting on a suggestion as ill-timed and hopeless as that which the banker had put forward. Not to save the bank, not to save Ovington, not to save anyone! The more, as he felt sure that the application would do none of these things.

Ovington did not know the old man. He did, and he was not going to sink his craft, crank and frail as it already was, by taking in passengers.

CHAPTER XXV

While the leaven of uneasiness, fermenting into fear, and liable at any moment to breed panic, worked in Aldersbury, turning the sallow bilious and the sanguine irritable-while the contents of the mail-bag and the Gazette were awaited with growing apprehension, and inklings of the truth, leaking out, were turning to water the hearts of those who depended on the speculators, life at Garth was proceeding after its ordinary fashion. No word of what was impending, or might be impending, travelled so far. No echo of the alarm that assailed the ears of terrified men, forced on a sudden to face unimagined disaster, broke the silence of the drab room, where the Squire sat brooding, or of the garden where Josina spent hours, pacing the raised walk and looking down on that strip of sward where the water skirted the Thirty Acres wood.

That strip of sward where she had met him, that view from the garden were all that now remained to her of Clement, all that proved to her that the past was not a dream; and they did much to keep hope alive in her breast, and to hold her firm in her resolve. So precious indeed were the associations they recalled, that while, with the hardness of a woman who loves elsewhere, she felt little sympathy with Arthur in his disappointment, she actively resented the fact that he had chosen to address her there, and so had profaned the one spot, on which with some approach to nearness, she could dream of Clement.

Living a life so retired, and with little to distract her, she gave herself to long thoughts of her lover, and lived and lived again the stolen moments which she had spent with him. It was on these that she nourished her courage and strengthened her will; for, bred to submission and educated to obey, it was no small thing that she contemplated. Nor could she have raised herself to the pitch of determination which she had reached had she not gained elevation from the thought that the matter now rested in her own hands, and that all Clement's trust and all his dependence were on her. She must be true to him or she would fail him indeed. Honor no less than love required her to be firm, let her timid heart beat as it might.

On wet days she sat in the Dutch summer-house, the squat tower with the pyramidal roof and fox-vane on top, which flanked the raised walk, and had, when viewed from below, the look of a bastion. But the day after Ovington's return happened to be fine. It was one of those days of mild sunshine and soft air, which occur in late autumn or early winter and, by reason of their rarity, linger in the memory; and she was walking in the garden when, an hour before noon, Calamy came to tell her that "the master" was asking for her. "And very peevish," he added, shaking his head as he stalked away under the apple-trees, "as he's like to be, more and more till the end."

She overtook the man in the hall. "Is he alone, Calamy?" she asked.

"Ay, but your A'nt's been with him. He's for going up the hill."

"Up the hill?"

"Ay, he's one that will walk while he can. But the next time, I'm thinking," shaking his head again, "it won't be his feet he'll go out on."

"Mrs. Bourdillon has gone?"

"Ay, miss, she's gone-as we're all going," despondently, "sooner or later. She brought some paper, for I heard her reading to him. It would be his will, I expect."

Josina thought the supposition most unlikely, for if her father was close with his money he was at least as close with his affairs. As long as she could remember he had held himself in a crabbed reserve, he had moved a silent master in a dependent world, even his rare outbursts of anger had rather emphasized than broken his reticence.

And since the attack which had consigned him to darkness he had grown even more taciturn. He had not repelled sympathy; he had rendered it impossible by ignoring the existence of a cause for it. While all about him had feared for his sight and, as hope faded, had dreaded the question which they believed to be trembling on his lips, he had either never hoped, or, drawing his own conclusions, had abandoned hope. At any rate, he had never asked. Instead he sat-when Arthur was not there to enliven him or Fewtrell to report to him-wrapped in his own thoughts, too proud to complain or too insensible to feel, and silent. Whatever he thought, whatever he feared, he hid all behind an impenetrable mask; and whether pride or patience or resignation were behind that mark, none knew. Complaint, pity, sympathy, these, he seemed to say, were for the herd. He had ruled; darkness and helplessness had come upon him, but he was still the master.

Arthur might think that he failed, but those who were always about him saw few signs of it. To-day, when Josina entered his room she found him on his feet, one hand resting on the table, the other on his cane. "Get your hat and cloak," he said. "I am going up the hill."

So far his longest excursion had been to the mill, and Josina thought that she ought to remonstrate. "Won't it be too far, sir?" she said.

"Do as I say, girl. And tell Calamy to bring my hat and coat."

She obeyed him, and a minute later they left the house by the yard door. He walked with a firm step, his hand sometimes on her shoulder, sometimes on her arm; but aware how easily she might forget to warn him of an obstacle, or to allow for his passage, she accompanied him with her heart in her mouth. Yet she owned a certain sweetness in his dependence on her, in the weight of his hand on her shoulder, in his nearness.

Before they left the yard he halted. "Look in the pig-styes," he said. "Tell me if that idle dog has cleaned them?"

She went and looked, and assured him that they were in their usual state. He grunted, and they moved on. Passing beneath the gable end of the summer-house they descended the steep, rutted lane which led to the mill. "The first day of the year was such a day," the Squire muttered, and raised his face that the sun might fall upon it.

When they came to the narrow bridge beside the mill, with its roughened causeway eternally shaken by the roar and wet with the spray of the overshot wheel, she trembled. There was no parapet, and the bridge was barely wide enough to permit them to pass abreast. But he showed no fear, he stepped on to it firmly, and on the crown he halted. "Look what water is in the pound," he said.

"Had I not better wait-till you are over, sir?"

"Do as I say, girl! Do as I say!" He struck his cane impatiently on the stones.

She left him unwillingly, and more than once looked back, but always to see him standing, gaunt and slightly stooping, his sightless eyes bent on the groaning, laboring wheel, on the silvery cascade that poured over its black flanges, on the fragment of rainbow that glittered where the sun shot the spray with colors. He was seeing it all, as he had seen it a thousand times: in childhood, when he had lingered and wondered before it, fascinated by the rush and awed by the thunder of the falling water; in youth, when with gun or rod he had just glanced at it in passing; in manhood, when it had come to be one of the amenities of the property, and he had measured its condition with an owner's eye; ay, and in later life, when to see it had been rather to call up memories, than to form new impressions. Now, he would never see it again with his eyes, and he knew it. And yet he had never seen it more clearly than he did to-day, as he stood in darkness, with the cold breath of the water-fall on his cheek.

She grasped something of this as she hurried back, and satisfied as to the pound he went on. They ascended the lane which, on the farther side of the brook, led to the highway, and crossing the road began to climb the rough track, that wound up through that part of the covert which was above the road.

Here and there a clump of hollies, a spreading yew, a patch of young beech to which the leaves still clung, blocked the view, but for the most part the eye passed unobstructed athwart trees stripped of foliage, and disclosing here a huge boulder, there a pile of moss-grown stones. A climb of a third of a mile, much of it steep, brought them without mishap-though a hundred times she trembled lest he should trip-to the abrupt glacis of sward that fringed, and in places ran up into, the limestone face.