The Squire paused and Mr. Quest said nothing.
“Well,” he went on, “that being so, the next thing to do is to obtain the necessary cash to pay Janter his valuation and stock the place—about four thousand would do it, or perhaps,” he added, with an access of generous confidence, “we had better say five. There are about fifty acres of those low-lying meadows which want to be thoroughly bush drained—bushes are quite as good as pipes for that stiff land, if they put in the right sort of stuff, and it don’t cost half so much—but still it can’t be done for nothing, and then there is a new wagon shed wanted, and some odds and ends; yes, we had better say five thousand.”
Still Mr. Quest made no answer, so once more the Squire went on.
“Well, you see, under these circumstances—not being able to lay hands upon the necessary capital from my private resources, of course I have made up my mind to apply to Cossey and Son for the loan. Indeed, considering how long and intimate has been the connection between their house and the de la Molle family, I think it right and proper to do so; indeed, I should consider it very wrong of me if I neglected to give them the opportunity of the investment”—here a faint smile flickered for an instant on Mr. Quest’s face and then went out—“of course they will, as a matter of business, require security, and very properly so, but as this estate is unentailed, there will fortunately be very little difficulty about that. You can draw up the necessary deeds, and I think that under the circumstances the right thing to do would be to charge the Moat Farm specifically with the amount. Things are bad enough, no doubt, but I can hardly suppose it possible under any conceivable circumstances that the farm would not be good for five thousand pounds. However, they might perhaps prefer to have a general clause as well, and if it is so, although I consider it quite unnecessary, I shall raise no objection to that course.”
Then at last Mr. Quest broke his somewhat ominous silence.
“I am very sorry to say, Mr. de la Molle,” he said gently, “that I can hold out no prospect of Cossey and Son being induced, under any circumstances, to advance another pound upon the security of the Honham Castle estates. Their opinion of the value of landed property as security has received so severe a shock, that they are not at all comfortable as to the safety of the amount already invested.”