Charteris and Welch were conversing in the study of which they were the joint proprietors. That is to say, Charteris was talking and playing the banjo alternately, while Welch was deep in a book and refused to be drawn out of it under any pretext. Charteris' banjo was the joy of his fellows and the bane of his House-master. Being of a musical turn and owning a good deal of pocket-money, he had, at the end of the summer holidays, introduced the delights of a phonograph into the House. This being vetoed by the House-master, he had returned at the beginning of the following term with a penny whistle, which had suffered a similar fate. Upon this he had invested in a banjo, and the dazed Merevale, feeling that matters were getting beyond his grip, had effected a compromise with him. Having ascertained that there was no specific rule at St Austin's against the use of musical instruments, he had informed Charteris that if he saw fit to play the banjo before prep, only, and regarded the hours between seven and eleven as a close time, all should be forgiven, and he might play, if so disposed, till the crack of doom. To this reasonable request Charteris had promptly acceded, and peace had been restored. Charteris and Welch were a curious pair. Welch spoke very little. Charteris was seldom silent. They were both in the Sixth--Welch high up, Charteris rather low down. In games, Welch was one of those fortunate individuals who are good at everything. He was captain of cricket, and not only captain, but also the best all-round man in the team, which is often a very different matter. He was the best wing three-quarter the School possessed; played fives and racquets like a professor, and only the day before had shared Tony's glory by winning the silver medal for fencing in the Aldershot competition.

The abilities of Charteris were more ordinary. He was a sound bat, and went in first for the Eleven, and played half for the Fifteen. As regards work, he might have been brilliant if he had chosen, but his energies were mainly devoted to the compilation of a monthly magazine (strictly unofficial) entitled _The Glow Worm_. This he edited, and for the most part wrote himself. It was a clever periodical, and rarely failed to bring him in at least ten shillings per number, after deducting the expenses which the College bookseller, who acted as sole agent, did his best to make as big as possible. Only a very few of the elect knew the identity of the editor, and they were bound to strict secrecy. On the day before the publication of each number, a notice was placed in the desk of the captain of each form, notifying him of what the morrow would bring forth, and asking him to pass it round the form. That was all. The School did the rest. _The Glow Worm_ always sold well, principally because of the personal nature of its contents. If the average mortal is told that there is something about him in a paper, he will buy that paper at your own price.

Today he was giving his monthly tea in honour of the new number. Only contributors were invited, and the menu was always of the best. It was a _Punch_ dinner, only more so, for these teas were celebrated with musical honours, and Charteris on the banjo was worth hearing. His rendering of extracts from the works of Messrs Gilbert and Sullivan was an intellectual treat.