All the while I was quite lost in admiration of the shrewdness our host displayed in the dispensing of the gifts.  The little maid of the many-rubied dowry received the handsomest doll, and the rest of the gifts were graded in value according to the diminishing scale of the parents’ stations in life.  The last child, a tiny chap of ten, thin, red-haired, freckled, came into possession of a small book of nature stories without illustrations or even head and tail pieces.  He was the governess’s child.  She was a poor widow, and her little boy, clad in a sorry-looking little nankeen jacket, looked thoroughly crushed and intimidated.  He took the book of nature stories and circled slowly about the children’s toys.  He would have given anything to play with them.  But he did not dare to.  You could tell he already knew his place.

I like to observe children.  It is fascinating to watch the individuality in them struggling for self-assertion.  I could see that the other children’s things had tremendous charm for the red-haired boy, especially a toy theatre, in which he was so anxious to take a part that he resolved to fawn upon the other children.  He smiled and began to play with them.  His one and only apple he handed over to a puffy urchin whose pockets were already crammed with sweets, and he even carried another youngster pickaback—­all simply that he might be allowed to stay with the theatre.

But in a few moments an impudent young person fell on him and gave him a pummelling.  He did not dare even to cry.  The governess came and told him to leave off interfering with the other children’s games, and he crept away to the same room the little girl and I were in.  She let him sit down beside her, and the two set themselves busily dressing the expensive doll.

Almost half an hour passed, and I was nearly dozing off, as I sat there in the conservatory half listening to the chatter of the red-haired boy and the dowered beauty, when Julian Mastakovich entered suddenly.  He had slipped out of the drawing-room under cover of a noisy scene among the children.  From my secluded corner it had not escaped my notice that a few moments before he had been eagerly conversing with the rich girl’s father, to whom he had only just been introduced.

He stood still for a while reflecting and mumbling to himself, as if counting something on his fingers.

“Three hundred—­three hundred—­eleven—­twelve—­thirteen—­sixteen—­in five years!  Let’s say four per cent—­five times twelve—­sixty, and on these sixty——.  Let us assume that in five years it will amount to—­well, four hundred.  Hm—­hm!  But the shrewd old fox isn’t likely to be satisfied with four per cent.  He gets eight or even ten, perhaps.  Let’s suppose five hundred, five hundred thousand, at least, that’s sure.  Anything above that for pocket money—­hm—­”