"Very gracefully expressed," replied Fisher; "that is the best of having a literary training. Well, perhaps it is an exaggeration to say I am the fool of the family. It's enough to say I am the failure of the family."

"It seems queer to me that you should fail especially," remarked the journalist. "As they say in the examinations, what did you fail in?"

"Politics," replied his friend. "I stood for Parliament when I was quite a young man and got in by an enormous majority, with loud cheers and chairing round the town. Since then, of course, I've been rather under a cloud."

"I'm afraid I don't quite understand the 'of course,'" answered March, laughing.

"That part of it isn't worth understanding," said Fisher. "But as a matter of fact, old chap, the other part of it was rather odd and interesting. Quite a detective story in its way, as well as the first lesson I had in what modern politics are made of. If you like, I'll tell you all about it." And the following, recast in a less allusive and conversational manner, is the story that he told.