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MR. HEREFORD ENTERTAINS
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had left him sole executor of his estate—had learned to carry a minimum of one hundred thousand dollars subject to the immediate call of the only heir, Lorine.

More than once a demand for double this amount—additional to the regular monthly allowance—had tumbled out upon his desk, without warning, from the morning's mail. So long as these drafts upon him did not exceed in any twelve months the income from the estate, the executor had nothing to say. When they did Hereford had learned his second lesson—though not so promptly as his first—to protest in no more personal terms than:

Miss Lorine Regan, PekingMombasa, Cairo, Constantinople, or wherever she felt the need of money.

Dear Madam: The present value of