SHARON'S news was not of an encouraging character.

He had met with serious difficulties, and had spent the last farthing of Moody's money in attempting to overcome them.
One discovery of importance he had certainly made.

A horse withdrawn from the sale was the only horse that had met with Hardyman's approval.
He had secured the animal at the high reserved price of twelve thousand francs--being four hundred and eighty pounds in English money; and he had paid with an English bank-note.

The seller (a French horse-dealer resident in Brussels) had returned to Belgium immediately on completing the negotiations.

Sharon had ascertained his address, and had written to him at Brussels, inclosing the number of the lost banknote.