The winter which preceded the entrance of the United States into the war was socially an extraordinary one. It was marked by an almost feverish gayety, as though, having apparently determined to pursue a policy dictated purely by self interest, the people wished to forget their anomalous position. Like a woman who covers her shame with a smile. The vast number of war orders from abroad had brought prosperity into homes where it had long been absent. Mills and factories took on new life. Labor was scarce and high.

It was a period of extravagance rather than pleasure. People played that they might not think. Washington, convinced that the nation would ultimately be involved, kept its secret well and continued to preach a neutrality it could not enforce. War was to most of the nation a great dramatic spectacle, presented to them at breakfast and in the afternoon editions. It furnished unlimited conversation at dinner-parties, led to endless wrangles, gave zest and point to the peace that made those dinner parties possible, furnished an excuse for retrenchment here and there, and brought into vogue great bazaars and balls for the Red Cross and kindred activities.

But although the war was in the nation's mind, it was not yet in its soul.

Life went on much as before. An abiding faith in the Allies was the foundation stone of its complacency. The great sixmonths battle of the Somme, with its million casualties, was resulting favorably. On the east the Russians had made some gains. There were wagers that the Germans would be done in the Spring.

But again Washington knew that the British and French losses at the Somme had been frightful; that the amount of lost territory regained was negligible as against the territory still held; that the food problem in the British Islands was acute; that the submarine sinkings were colossal. Our peace was at a fearful cost.

And on the edge of this volcano America played.

When Graham Spencer left the mill that Tuesday afternoon, it was to visit Marion Hayden. He was rather bored now at the prospect. He would have preferred going to the Club to play billiards, which was his custom of a late afternoon. He drove rather more slowly than was his custom, and so missed

Marion's invitation to get there before the crowd.

Three cars before the house showed that she already had callers, and indeed when the parlor-maid opened the door a burst of laughter greeted him. The Hayden house was a general rendezvous. There were usually, by seven o'clock, whiskeyand-soda glasses and tea-cups on most of the furniture, and half-smoked cigarets on everything that would hold them,...