A Laodicean

'What information can you give?'

'I can tell you where they are gone to.'

'Where?'

'To the Grand Hotel, Genoa. They went on there this afternoon.'

'Whom do you refer to by they?'

'Mrs. Goodman, Mr. Power, Miss Power, Miss De Stancy, and the worthy captain. He leaves them tomorrow: he comes back here for a day on his way to England.'

Somerset was silent. Dare continued: 'Now I have done you a favour, will you do me one in return?'

Somerset looked towards the gaming-rooms, and said dubiously, 'Well?'

'Lend me two hundred francs.'

'Yes,' said Somerset; 'but on one condition: that I don't give them to you till you are inside the hotel you are staying at.'

'That can't be; it's at Nice.'

'Well I am going back to Nice, and I'll lend you the money the instant we get there.'

'But I want it here, now, instantly!' cried Dare; and for the first time there was a wiry unreasonableness in his voice that fortified his companion more firmly than ever in his determination to lend the young man no money whilst he remained inside that building.

'You want it to throw it away. I don't approve of it; so come with me.'

'But,' said Dare, 'I arrived here with a hundred napoleons and more, expressly to work out my theory of chances and recurrences, which is sound; I have studied it hundreds of times by the help of this.' He partially drew from his pocket the little volume that we have before seen in his hands. 'If I only persevere in my system, the certainty that I must win is almost mathematical. I have staked and lost two hundred and thirty-three times. Allowing out of that one chance in every thirty-six, which is the average of zero being marked, and two hundred and four times for the backers of the other numbers, I have the mathematical expectation of six times at least, which would nearly recoup me. And shall I, then, sacrifice that vast foundation of waste chances that I have laid down, and paid for, merely for want of a little ready money?'

'You might persevere for a twelvemonth, and still not get the better of your reverses. Time tells in favour of the bank. Just imagine for the sake of argument that all the people who have ever placed a stake upon a certain number to be one person playing continuously. Has that imaginary person won? The existence of the bank is a sufficient answer.'