Wingate has sentiment and Phipps has none; conscience of which Phipps hasn't a shred, and a sense of honour with which Phipps was certainly never troubled.

These points are all against him in a market duel, but on the other hand he has a bigger outlook than Phipps, he has nerves of steel and the grit of a hero.

Did I tell you, by the by, that he went into the war as a private and came out a brigadier ?" "Splendid!" Sarah murmured.

"Now tell us where Peter Phipps comes in ?" "Well," Kendrick continued, "Phipps attracts sympathy because of his lavish hospitality and apparent generosity, whilst Wingate is a man of many reserves and has few friends, either on this side or the other.

Then Phipps, I should say, is the wealthier man, and in this present deal, at any rate, he has marvellous support, so that financially he must tower over Wingate.