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Test Bank for Economics of Strategy, 7th
Edition, David Dranove, David Besanko, Mark
Shanley Mark Schaefer
full download link at: https://testbankbell.com/product/test-bank-for-economics-of-
strategy-7th-edition-david-dranove-david-besanko-mark-shanley-mark-schaefer/
Multiple Choice
Ans: a
Learning Objective: Define economies of scale and scope and the role of indivisibilities
AASCB: Analytical
AICPA: Measurement
IMA: Quantitative Methods
Ans: b
Learning Objective: Describe the relationship between economies of scale and indivisibilities
AASCB: Analytical
AICPA: Measurement
IMA: Quantitative Methods
3. Which of the following is generally a way that LBOs can help a firm realize its potential value?
a) The synergies created allow for cost savings
b) The transaction reduces the disparity between a firm’s actual and potential share price
c) The acquisition reduces the likelihood of competition in the industry
d) The transaction requires debt repayment with future free cash flow leaving management no discretion
over the investment of these funds
e) The buyout gives an opportunity to adjust the management structure and makeup
Ans: d
Learning Objective: Identify forces that keep managers focused on shareholder benefits
AASCB: Reflective Thinking
AICPA: Strategic/Critical Thinking
IMA: Strategic Planning
Heading: The Market for Corporate Control and Recent Changes in Corporate Governance
Level: Easy
Ans: d
Learning Objective: Define economies of scale and scope and the role of indivisibilities
AASCB: Analytical
AICPA: Leverage Technology to Develop and Enhance Functional Compentencies
IMA: Business Applications
5. What measure, that depends on how much of a firm’s revenues are attributable to product market
activities that have shared technological characteristics, production characteristics, or distribution
channels, is used to determine how diversified a firm is at a given time?
a) Integration level
b) Rumelt score
c) Conglomerate level
d) Activity share
e) Relatedness
Ans: e
Ans: e
Heading: Where do Scale Economies Come From? – Indivisibilities and the Spreading of Fixed Costs
Level: Medium
7. What kind of economies come from reductions in cost due to adoption of technology that has high
fixed costs, but lower variable costs?
a) Short-run economies of scale
b) Short-run economies of scope
c) Long-run economies of scale
d) Long-run economies of scope
e) Partially automated economies
Ans: c
Learning Objective: Identify six specific sources of economies of scale and scope
AASCB: Analytical
AICPA: Measurement
IMA: Quantitative Methods
Heading: Where do Scale Economies Come From? – Indivisibilities and the Spreading of Fixed Costs
Level: Hard
8. Examining which of the following is broadly considered one of the easiest ways to measure
diversifying activity?
a) Joint Ventures
b) Mergers and acquisitions
c) Internal Business Development
d) Strategic Alliances
e) Collaborative agreements
Ans: b
9. What force does Manne indicate constrains the actions of managers so that they stay focused on the
goals of owners?
a) Market for corporate control
b) SEC
c) Corporate board
d) Corporate governance
e) CEO
Ans: a
Learning Objective: Identify forces that keep managers focused on shareholder benefits
AASCB: Ethics
AICPA: Leadership
IMA: Performance Measurement
Heading: Managerial Reasons for Diversification – The Market for Corporate Control and Recent
Changes in Corporate Governance
Level: Medium
10. What kind of economies come from reductions in average costs due to increases in capacity
utilization?
a) Short-run economies of scale
b) Short-run economies of scope
c) Long-run economies of scale
d) Long-run economies of scope
e) Fully automated economies
Ans: a
Learning Objective: Identify six specific sources of economies of scale and scope
AASCB: Analytical
AICPA: Resource Management
IMA: Business Economics
Heading: Where do Scale Economies Come From? – Indivisibilities and the Spreading of Fixed Costs
Level: Hard
11. What are economies of density as referred to in the airline industry?
a) Reducing the size of an aircraft used to increase load factor
b) Economies achieved by an airline flying from spoke to spoke in a hub-and-spoke network
c) Economies of scope along a given route
d) Economies of scale along a given route
e) Reductions in average cost as traffic volume decreases
Ans: d
Learning Objective: Identify six specific sources of economies of scale and scope
AASCB: Analytical
AICPA: Industry/Sector Perspective
IMA: Decision Analysis
Heading: Example 2.1 Hub-and-Spoke Networks and Economies of Scope in the Airline Industry
Level: Medium
Ans: a
13. Which of the following benefits of diversification explains the idea that mergers are more likely when
there is an expectation of positive changes in market share?
a) Use of internal capital markets
b) Economies of scale and scope
c) Economizing on transaction costs
d) Diversifying shareholder portfolios
e) Identifying undervalued firms
Ans: b
Ans: e
Learning Objective: Identify six specific sources of economies of scale and scope
AASCB: Analytical
AICPA: Strategic/Critical Thinking
IMA: Strategic Planning
15. Which of the following benefits of diversification explains the idea that combining unrelated
businesses can allow firms to finance projects through cross-subsidization when they previously were
unable to finance the same projects externally?
a) Use of internal capital markets
b) Economies of scale and scope
c) Economizing on transaction costs
d) Diversifying shareholder portfolios
e) Identifying undervalued firms
Ans: c
16. Which of the following is not a reason a supplier might seek to sell in bulk?
a) Each sale incurs a fixed cost in writing a contract
b) The purchaser is likely to switch over a small price due to the gains over the large number of units
ordered
c) Each sale involves setting up a different production run
d) The cost of delivery is a fixed on a per unit basis
e) The supplier fears uneven sales
Ans: c
Heading: Special Sources of Economies of Scale and Scope – Economies of Scale and Scope in
Purchasing
Level: Easy
17. How does umbrella branding aid economies of scale and scope?
a) Increases effectiveness of advertising due to a greater presence
b) Increases effectiveness of advertising due to national advertising
c) Increases effectiveness of advertising due to offering a broad product line under one name
d) Increased cost effectiveness through purchasing as a cooperative
e) Increased cost effectiveness through bulk purchasing
Ans: c
Learning Objective: Identify six specific sources of economies of scale and scope
AASCB: Reflective Thinking
AICPA: Marketing/Client Focus
IMA: Strategic Marketing
Heading: Special Sources of Economies of Scale and Scope – Economies of Scale and Scope in
Advertising
Level: Medium
18. Which of the following benefits of diversification explains the idea that a firm with many business
lines can reduce swings in value because it receives only a small percentage of its revenue from any one
of those business lines?
a) Use of internal capital markets
b) Economies of scale and scope
c) Economizing on transaction costs
d) Diversifying shareholder portfolios
e) Identifying undervalued firms
Ans: d
19. Which of the following practices does not contribute to the strategic fit of Southwest Airlines?
a) No in-flight catering
b) Use of multiple types of planes
c) No use of congested airports
d) Re-engineered boarding process
e) No first class section on plane
Ans: b
Learning Objective: Identify six specific sources of economies of scale and scope
AASCB: Analytical
AICPA: Strategic/Critical Thinking
IMA: Strategic Planning
Heading: Special Sources of Economies of Scale and Scope – Complementarities and Strategic Fit
Level: Easy
20. What type of research looks at the changes in market valuations in response to the announcement of
diversifying acquisitions to assess the success of diversification?
a) Event studies
b) Valuation studies
c) Diversification studies
d) Market studies
e) Acquisition studies
Ans: a
Learning Objective: Explain how managers can diversify without generating net benefits for shareholders
AASCB: Communication
AICPA: Communication
IMA: Strategic Planning
Ans: e
22. Which of the following benefits of diversification explains the idea that corporate diversification can
provide situations where an acquiring firm determines the stock price for firm they intend to acquire is too
low?
a) Use of internal capital markets
b) Economies of scale and scope
c) Economizing on transaction costs
d) Diversifying shareholder portfolios
e) Identifying undervalued firms
Ans: e
23. Why might a large firm actually be at an advantage over a smaller firm with respect to labor?
a) Large generally pay a compensating differential to attract workers
b) Worker turnover is generally lower
c) Large firms enjoy better scale economies when negotiating with health insurance companies for health
benefits
d) Large firms are generally less attractive to qualified, upward mobile workers
e) Large firms often have to draw workers from a greater distance to fill their ranks
Ans: b
Learning Objective: Identify six specific sources of economies of scale and scope
AASCB: Analytical
AICPA: Strategic/Critical Thinking
IMA: Strategic Planning
Heading: Sources of Diseconomies of Scale – Labor Costs and Size
Level: Medium
24. Which of the following is not a way managers generally benefit from acquisitions?
a) Increased compensation
b) Consolidation of other senior executives
c) Shielding against risk
d) Political power
e) Social prominence
Ans: b
Learning Objective: Identify forces that keep managers focused on shareholder benefits
AASCB: Reflective Thinking
AICPA: Leadership
IMA: Performance Measurement
25. What is the approximate observed median learning curve slope for typical firms?
a) .6
b) .7
c) .8
d) .9
e) 1.0
Ans: c
Learning Objective: Describe the value of experience by reference to the learning curve
AASCB: Analytical
AICPA: Measurement
IMA: Quantitative Methods
Ans: d
Learning Objective: Describe the value of experience by reference to the learning curve
AASCB: Reflective Thinking
AICPA: Interaction
IMA: Decision Analysis
27. What institution within a firm must fail on some level for managers to be motivated to acquire another
firm for the purposes of increasing their own compensation, shielding themselves against risk, or gaining
prominence by running a larger firm?
a) Legal department
b) Corporate board
c) Mergers and acquisitions program
d) Firm bonus schedule
e) Corporate governance
Ans: e
Learning Objective: Explain how managers can diversify without generating net benefits for shareholders
AASCB: Ethics
AICPA: Leadership
IMA: Internal Controls
28. If a firm enjoys lower costs due to a complex labor-intensive process, which of the following
statements would then be true?
a) Cutbacks in volume will always raise unit costs
b) The firm is unconcerned with labor turnover
c) An example of this process could be the practice of anti-trust law
d) The firm’s average cost rises due to moving down the learning curve
e) The process is likely a repetitive manufacturing process such as two-piece aluminum can
manufacturing
Ans: c
Learning Objective: Identify six specific sources of economies of scale and scope
AASCB: Reflective Thinking
AICPA: Strategic/Critical Thinking
IMA: Strategic Planning
Heading: The Learning Curve – The Learning Curve versus Economies of Scale
Level: Easy
29. By satisfying which of the following conditions can shareholders prevent management driven
acquisitions?
a) If shareholders could determine which acquisitions will lead to increased profits and which will not
b) If shareholders could direct management to undertake only those acquisitions that will increase
shareholder value
c) If shareholders could provide management with the appropriate steps to conduct when performing
acquisitions
d) a & b
e) None of the above
Ans: d
Learning Objective: Identify forces that keep managers focused on shareholder benefits
AASCB: Reflective Thinking
AICPA: Leadership
IMA: Corporate Finance
Ans: c
Learning Objective: Define economies of scale and scope and the role of indivisibilities
AASCB: Analytical
AICPA: Measurement
IMA: Quantitative Methods
Learning Objective: Identify forces that keep managers focused on shareholder benefits
AASCB: Reflective Thinking
AICPA: Leadership
IMA: Performance Measurement
32. Increased economies of scale and scope are helped by which of the following?
a) Umbrella branding
b) Market branding
c) Bundling
d) Negotiated branding
e) Strategic branding
Ans: a
Learning Objective: Identify six specific sources of economies of scale and scope
AASCB: Reflective Thinking
AICPA: Marketing/Client Focus
IMA: Strategic Marketing
Heading: Special Sources of Economies of Scale and Scope – Economies of Scale and Scope in
Advertising
Level: Medium
33. Diversifying activity is most often measured by looking at which of the following?
a) Joint Ventures
b) Collaborative agreements
c) Internal Business Development
d) Strategic Alliances
e) Acquisition and merger activity
Ans: e
Ans: d
Learning Objective: Describe the relationship between economies of scale and indivisibilities
AASCB: Analytical
AICPA: Measurement
IMA: Quantitative Methods
He went to the door, and the old woman turned to her daughter
and said grimly:
"There's a lady with him. Yo' mun help wi' the fires."
She closed the door leading to the bedroom where the baby lay
sleeping soundly, and then set doggedly about her duties. The two
women had left the room carrying armfuls of firing when Sir Denzil
came back leading Lady Susan by the hand, muffled like himself in a
big travelling-cloak. He drew a chair to the fire, and she sank into it.
He left her there and went out again, and as the door opened the
rattle of harness on chilling horses came through.
Lady Susan bent shivering over the fire and spread her hands
towards it, groping for its cheer like a blind woman. Her face was
white and drawn. Her eyes were sunk in dark wells of hopelessness,
her lips were pinched in tight repression. Any beauty that might
have been hers had left her; only her misery and weariness
remained. Her whole attitude expressed extremest suffering both of
mind and body.
A piping cry came from the next room, and she straightened up
suddenly and looked about her like a startled deer. Then she rose
quickly and picked up the candle and answered the call.
The child had cried out in his sleep, and as she stood over him,
with the candle uplifted, a strange softening came over her face. Her
left hand stole up to her side and pressed it as though to still a pain.
A spasmodic smile crumpled the little face as she watched. Then it
smoothed out and the child settled to sleep again. Lady Susan went
slowly back to her seat before the fire, and almost immediately Sir
Denzil came in again, dusting himself from the sand more vigorously
than ever.
"You will feel better after a night's rest. The journey has been a
trying one. Old Mrs. Lee will make you comfortable here, and I will
return the moment I am sure of Denzil's safety. You agree with the
necessity for my going?"
"Quite."
"Ay. The oak parlour is ready, sir. I'll get you what I con to eat,
but you'll have to put up wi' short farin' to-night, sin' you didna let
me know you were coming. To-morrow----"
"No, no, I told you so," he said, with the irritation of a tired man.
"Come, my dear!" and he offered his arm to Lady Susan, and led her
slowly away down the stone passage to a small room in the west
front, where the rush of the storm was barely heard.
An hour later Sir Denzil was whirling back before the gale on his
way to London, as fast as two tired horses and a none too amiable
post-boy could carry him. His usual serene self-complacency was
disturbed by many anxieties, and he carried not a little bitterness, on
his own account, at the untowardness of the circumstances which
had dragged him from the ordered courses of his life and sent him
posting down into the wilderness, without even the assistance of his
man, upon whom he depended for the minutest details of his bodily
comfort.
CHAPTER IV
It was not till the new-comer was lying in her warm bed in the
room above the oak parlour, shivering spasmodically at times in spite
of blankets and warming-pans and a roaring fire, that she spoke to
the old woman who had assisted her in grim silence.
The silence and the grimness had not troubled her. They suited
her state of mind and body better than speech would have done.
Life had lost its savour for her. Of what might lie beyond she knew
little and feared much at times, and at times cared naught, craving
only rest from all the ills of life and the poignant pains that racked
her.
It was only when Mrs. Lee had carefully straightened out her
discarded robes, and looked round to see what else was to be done,
and came to the bedside to ask tersely if there was anything more
my lady wanted, that my lady spoke.
"Ay--I'll come."
"Ay, she lived." And there was that in her tone which implied that
it might have been better if she had not. But my lady's perceptions
were blunted by her own sufferings.
"She's not over strong yet," she said grimly. "I'll come back and
sit wi' yo'."
"Seven days."
"Seven days! Seven days!" She was wondering vaguely where she
would be in seven days.
"It looked very happy," she said presently. "Its father was surely a
good man."
"They're none too many," said the old woman, as she turned to
go. "I'll get my supper and come back t' yo'."
Mrs. Lee closed the passage door and looked at her steadily and
said, "She's Denzil Carron's wife." And the younger woman sprang to
her feet with blazing face and the clatter of a falling chair.
"So's she. And I reckon she's the one they'll call his wife," said her
mother dourly.
"I'll go to her. I'll tell her----" And she sprang to the door.
"Nay, you wun't," said her mother, leaning back against it. "T'
blame's not hers, an' hoo's low enough already."
"Mebbe. Sir Denzil didna say. He said he'd hold me responsible for
her. She's near her time, poor thing! An' I doubt if she comes
through it."
"Near----!" And the girl blazed out again.
"Kill her? Why should it kill her? It didn't kill me," said the girl
fiercely.
"Mebbe it would but for yon woman you told me of. Think of your
own time, girl, and bate your anger. Fault's not hers if Denzil served
you badly."
"Worse for him if he has. One's enough for most men. But--well-
a-day, it's no good talking! I'll take a bite, and back to her. She
begged me come. Yo' can sleep i' my bed. There's more milk on th'
hob there if th' child's hungry." And carrying her bread-and-cheese
she went off down the passage, and the young mother sat bending
over the fire with her elbows on her knees.
She had no thought of sleep. Her limbs were still weary from her
long tramp, but the food and rest had given her strength, and the
coming of this other woman, who called herself Denzil Carron's wife,
had fired her with a sense of revolt.
She got up and began to pace the floor with the savage grace
born of a life of unrestricted freedom. Once she stopped and flung
up her hands as though demanding--what?--a blessing--a curse--the
righting of a wrong? The quivering hands looked capable at the
moment of righting their own wrongs, or of wreaking vengeance on
the wrongdoer if they closed upon him.
Then, as the movement of her body quieted in some measure the
turmoil of her brain, her pace grew slower, and she began to think
connectedly. And at last she dropped into the chair again, leaned her
elbows on her kneel and sat gazing into the fire. When it burned low
she piled on wood mechanically, and sat there thinking, thinking.
Outside, the storm raged furiously, and the flying sand hit the
window like hailstones. And inside, the woman sat gazing into the
fire and thinking.
They were all sent flying by the sudden entrance of her mother in
a state of extreme agitation, her face all crumpled, her hands
shaking.
"She's took," she said, with a break in her voice. "Yo' mun go for
th' doctor quick. I connot leave her. Nay!"--as the other sat bolt
upright and stared back at her--"yo' mun go. We connot have her
die on our hands. Think o' yore own time, lass, and go quick for sake
o' Heaven."
"I'll go." And she snatched up her cloak. "See to the child." And
she was out in the night, drifting before the gale like an autumn leaf.
The old woman went in to look at the child, filled the kettle and
put it on the fire, and hurried back to the chamber of sorrows.
The gale broke at sunrise, and the flats lay shimmering like sheets
of burnished gold, when Dr. Yool turned at last from the bedside and
looked out of the window upon the freshness of the morning.
He was in a bitter humour. When Nance Lee thumped on his door
at midnight he was engaged in the congenial occupation of mixing a
final and unusually stiff glass of rum and water. It was in the nature
of a soporific--a nightcap. It was to be the very last glass for that
night, and he had compounded it with the tenderest care and the
most businesslike intention.
But there was no rest for him that night. He had been on the go
since daybreak, and was fairly fagged out. He greeted Nance's
imperative knock with bad language. But when he heard her errand
he swallowed his nightcap without a wink, though it nearly made his
hair curl, ran round with her to the stable, harnessed his second cob
to the little black gig with the yellow wheels, threw Nance into it,
and in less than five minutes was wrestling with the north-easter
once more, and spitting out the sand as he had been doing off and
on all day long.
When they arrived at Carne she scrambled down and led the
mare into the great empty coach-house, where the post-horses had
previously found shelter that night. She flung the knee-rug over the
shaking beast, still snorting with disgust and eyeing her askance as
the cause of all the trouble. Then she followed the doctor into the
house. He was already upstairs, however, and, after a look at her
sleeping boy, she sat down in her chair before the fire again to await
the event, and fell again to her long, long thoughts.
And once more her thoughts were sent flying by the entrance of
her mother. She carried a tiny bundle carefully wrapped in flannel
and a shawl, and on her sour old face there was an expression of
relief and exultation--the exultation of one who has won in a close
fight with death.
"He were but just in time," she said, as she sat down before the
fire. "I'm all of a shake yet. But th' child's safe anyway." And she
began to unfold the bundle tenderly. "Git me t' basin and some
warm water. Now, my mannie, we'll soon have you comfortable. . . .
So . . . Poor little chap! . . . I doubt if she'll pull through. . . . T'
doctor's cursing high and low below his breath at state she's in . . .
travelling in that condition . . . 'nough to have killed a stronger one
than ever she was. . . . I knew as soon as ivver I set eyes on her . . .
A fine little lad!"--as she turned the new-comer carefully over on her
knee--"and nothing a-wanting 's far as I can see, though he's come
a month before he should."
She rambled on in the rebound from her fears, but the girl uttered
no word in reply. She stood watching abstractedly, and handing
whatever the old woman called for. Her thoughts were in that other
room, where the grim fight was still waging. Her heart was sick to
know how it was going. Her thoughts were very shadowy still, but
the sight of the boy on the old woman's knee showed her her
possible way, like a signpost on a dark night. She would see things
clearer when she knew how things had gone upstairs.
She must know. She could not wait. She turned towards the
passage.
Once and again the doctor spoke to the woman on the bed. But
there was no answer. He sat with furrowed face watching her, and
the girl leaned against the wall and watched them both.
And at last the one on the bed answered--not the doctor, but a
greater healer still. One long sigh, just as the sun began to touch
the rippled flats with gold, and it was over. The stormy night was
over and peace had come with the morning.
The doctor gat up with something very like a scowl on his face
and went to the window. Even in the Presence he had to close his
mouth firmly lest the lava should break out.
He opened the casement and leaned out to cool his head. The
sweet morning air was like a kiss. He drank in a big breath or two,
and, after another pained look at the white face on the pillow, he
turned and left the room. The girl had already gone, and as she
went down the passage there was a gleam in her eyes.
"She's gone."
"And yo're glad of it. Shame on yo', girl! And yo' but just safe
through it yoreself!"
The girl made no reply, and a moment later the doctor came in.
"And why didn't he stop to see the result of his damned stupidity?
It's sheer murder, nothing less. Make it as strong as you can,"--
referring to the coffee--"my head's buzzing. I haven't had a minute's
rest for twenty-four hours. Where is Sir Denzil? He left word at my
house to come over here first thing this morning. I expected to find
him here."
"He went back wi the carriage that brought 'em. There's trouble
afoot about Mr. Denzil as I understond. He said it were life and
death, and he were off again inside an hour."
"Ah!" said the doctor, nodding his head knowingly. "That's it, is it?
And you don't know what the trouble was?"
"Well, if he bungles the other business as he has done this it'll not
need much telling which it'll be." And he blew on his coffee to cool
it.
"I must send him word at once," he said presently, "and I'll tell
him what I think about it. I've got his town address. You can see to
the child all right, I suppose? Another piece of that bread, if you
please. Any more coffee there? This kind of thing makes me feel
empty."
The white sand-hills smiled happily, the wide flats blazed like a
rippled mirror, the sky was brightest blue, and very far away the sea
slept quietly behind its banks of yellow sand.
CHAPTER V
IN THE COIL
The days passed and brought no word from Sir Denzil in reply to
Dr. Yool's post letter. And, having waited as long as they could, they
buried Lady Susan in the little green churchyard at Wyvveloe, where
half a dozen Carrons, who happened to have died at Carne, already
rested. Dr. Yool and Braddle had had to arrange everything between
them, and, as might have been expected under the circumstances,
the funeral was as simple as funeral well could be, and as regards
attendance--well, the doctor was the only mourner, and he still
boiled over when he thought of the useless way in which this poor
life had been sacrificed.
Braddle was there with his men, of course, but the doctor only
just managed it between two visits, and his manner showed that he
grudged the time given to the dead which was all too short for the
requirements of the living. Yet it went against the grain to think of
that poor lady going to her last resting-place unattended, and he
made a point of being there. But his gig stood waiting outside the
churchyard gate, and he was whirling down the lane while the first
spadefuls were drumming on the coffin.
The days ran into weeks, and still no word from Sir Denzil. It
looked as though the little stranger at Carne might remain a stranger
for the rest of his days. And yet it was past thinking that those
specially interested should make no inquiry concerning the welfare
of so important a member of the family.
Other matters too they discussed, and to more purpose, since the
forwarding of them was entirely in their own hands. And when they
spoke of these other matters, sitting over the fire in the long
evenings, each with a child on her knee, hushing it or feeding it,
their talk was broken, interjectional even at times, and so low that
the very walls could have made little of it.
Just two months after Lady Susan's death the two women were
sitting talking over the fire one night, the children being asleep side
by side in the cot in the adjacent bedroom, when the sound of hoofs
and wheels outside brought them to their feet together.
"It's him," said Mrs. Lee; and they looked for a moment into one
another's faces as though each sought sign of flinching in the other.
Then both their faces tightened, and they seemed to brace
themselves for the event.
"Well, Mrs. Lee," he said, as he came over to the fire and bent
over it and chafed his hands, "you'd given up all fears of ever seeing
me again, I suppose?"
"Ay, a'most we had," said the old woman, as she lifted the kettle
off the bob and set it in the blaze.
"Well, it wasn't far off it. I had a bad smash returning to London
that last time. That fool of a post-boy drove into a tree that had
fallen across the road, and killed himself and did his best to kill me.
Now light the biggest fire you can make in the oak room, and
another in my bedroom, and get me something to eat. Kennet"--as
his man came in dragging a travelling-trunk--"get out a bottle of
brandy, and, as soon as you've got the things in, brew me the
stiffest glass of grog you ever made. My bones are frozen."
He dragged up a chair and sat down before the fire, thumping the
coals with his stick to quicken the blaze. The rest sped to his
bidding.
Kennet, when he had got in the trunks, brewed the grog in a big
jug, with the air of one who knew what he was about.
"Shall I give the boy some, sir?" he asked, when Sir Denzil had
swallowed a glass and was wiping his eyes from the effects of it.
"Yes, yes. Give him a glass, but tone it down, or he'll be breaking
his neck like the last one."
Sir Denzil had filled and emptied his glass twice more before Mrs.
Lee came to tell him the room was ready. Then he went slowly off
down the passage, steadying himself with his stick, for a superfluity
of hot grog on an empty stomach on a cold night is not unapt to
mount to the head of even a seasoned toper.
Kennet, when he came back to the room, after seeing his master
comfortably installed before the fire, brewed a fresh supply of grog,
placed on one side what he considered would satisfy his own
requirements, and carried the rest to the oak room.
It was when the girl Nance carried in the hastily prepared meal
that Sir Denzil, after peering heavily at her from under his bushy
brows, asked suddenly, "And the child? It's alive?"
He caught her at it, and asked abruptly, "What the devil are you
staring at, and what the deuce keeps you hanging round here?"
Upon which she quitted the room.
There was much talk, intense and murmurous, between the two
women that night, when they had made up a bed for Kennet and
induced him at last to go to it. From Kennet and the grog, after Sir
Denzil had retired for the night, Nance learned all Kennet could tell
her about Mr. Denzil.
"Ah!" said Mr. Kennet. "Now, that is a place. Gay?--I believe you!
Lively?--I believe you! Heels in the air kind of place?--I believe you!
And Mr. Denzil he took to it like a duck to the water. London ain't in
it with Paris, I tell you." And so on and so on, until, through close
attention to the grog, his words began to tumble over one another.
Then he bade them good night, with solemn and insistent emphasis,
as though it was doubtful if they would ever meet again, and
cautiously followed Nance and his candle to his room.
The flats were gleaming like silver under a frosty sun next
morning, and there was a crackling sharpness in the air, when Sir
Denzil, having breakfasted, stood at the window of the oak room
awaiting his grandson.
"Tell Mrs. Lee to bring in the child," he had said to Kennet, and
now a tap on the door told him that the child was there.
"Come in," he said sharply, and turned and stood amazed at sight
of the two women each with a child on her arm. "The deuce!" he
said, and fumbled for his snuff-box.
"Well?"
"Which?"
"Both!"
He thought keenly and savagely, but saw no way out. The more
he thought, the tighter seemed the cleft of the stick in which the
women held him.
The law? The law was powerless in the matter. Not all the law in
the land could make a woman speak when all her interests bade her
keep silence, any more than it could make her keep silence if she
wanted to speak.
Besides, even if these women swore till they were blue in the face
as to the identity of either child, he would never believe one word of
their swearing. Their own interests would guide them, and no other
earthly consideration.
The other--ah yes! The other was equally of his blood. He did not
doubt that for one moment. He had known of Denzil's entanglement
with Nance Lee, and it had not troubled him for a moment. But who,
in the name of Heaven, could have foreseen so perplexing a result?
He did not for a moment believe that the doctor or any one else
could help him in this blind alley. But discuss the matter with some
one he must, or burst, and he did not care to discuss it with Kennet.
Kennet knew very much better than to disagree with his master on
any subject whatever, and discussion with him never advanced
matters one iota. Discussion of the matter with Dr. Yool would
probably have the same result, but it could do no harm, and it
offered possibilities of a disputation for which he felt a distinct
craving.
Dr. Yool drove up at last with Kennet beside him, and presently
stood in the room with Sir Denzil.
"Listen to me, Yool. You were present at the birth of Lady Susan's
children----"
"Children!"
"Good Lord, Sir Denzil! What do you mean? Two? How can there
be two?"
"Ah, now you have me. I thought that you, as a doctor--as the
doctor, in fact--could probably explain the matter." The doctor's red
face reddened still more.
Sir Denzil rang the bell, gave his instructions to the impassive
Kennet, who had not yet fathomed the full intention of the matter,
and in a few minutes Mrs. Lee and Nance, each with a child on her
arm, stood before them.
"Now then, what's the meaning of all this?" asked Dr. Yool.
"Which of these babies is Lady Susan's child?"
"Don't know! Don't know! What the deuce do you mean by that,
Mrs. Lee? Whose is the other child?"
"My daughter's, sir. It were born a day or two before the other,
and we got 'em mixed and don't know which is which."
Sir Denzil came across and looked down on the jerking little arms
and legs and twisting faces, and snuffed again as though he thought
they might be infectious. For all the expression that showed in his
face, they might have been a litter of pups.
"Denzil Carron," said Nance boldly, speaking for the first time. "He
married me before he married her, and here are my lines," and she
plucked them out of her bosom.
Dr. Yool's eyebrows went up half an inch. Sir Denzil took snuff
very deliberately.
The doctor held out his hand for the paper, and after a moment's
hesitation Nance handed it to him.
"Dress the children and take them away," he said at last. When
they were dressed, however, Nance stood waiting for her lines.
Dr. Yool understood. "I will be answerable for them," he said; and
she turned and went.
"They know which is which well enough; but nothing on earth will
make them speak--except their own interests, and that," he said
thoughtfully, "won't be for another twenty years."
"It's too late to make away with them both, I suppose," said Sir
Denzil cynically.
Nevertheless, when Dr. Yool had driven away in the gig with the
yellow wheels, Sir Denzil paced his room by the hour in deep
thought, and none of it pleasant, if his face was anything to go by.
He could send the girl about her business, and the old woman
too. But to what purpose? If they took one of the children with
them, which would it be? Most likely Lady Susan's. But he would
never be certain of it. That would be so obviously the thing to do
that they would probably do the opposite. If they left both children,
he would have to get some one else to attend to them, and no one
in the world had the interest in their welfare that these two had.
If both children died, then Denzil might marry again, and have an
heir about whom there was no possible doubt. That is, if this other
alleged marriage of his was, as he suspected, only a sham one. He
would have to look into that matter, after all.
In the spring he would look into that marriage matter. Till then,
things must go on as they were.
Not a word did he say to the women. Not the slightest interest did
he show in the children. He rarely saw them, and then only by
chance. And in the women's care the children throve and prospered,
since it was entirely to their interest that they should do so.
BOOK II
CHAPTER VI
But ten years work mighty changes in men and women, and still
greater ones in small boys.
The young man stood with his braces slipped off his shoulders,
and looked up at the larks. Then he characteristically, flung up a
hand towards them, and cried them a greeting in the famous words
of that rising young poet, Mr. Robert Browning, "God's in His heaven!
All's well with the world!--Well! Well! Ay--very, very well!" And then,
with a higher flight, in the words of the old sweet singer which had
formed part of the morning lesson--"Praise Him, all His host!" And
then, as his eye caught the gleam of the distant water, he resumed
his peeling in haste.
He had girt himself with a towel by this time, and fastened it with
a scientific twist. . . . "Now for a dance on the Doctor's nose," and
he sped off on the long stretch to the water.
The kiss of the salt air cleansed him of the travail of the slums as
no inland bathing had ever done. The sun which shone down on
him, and the myriad broken suns which flashed up at him from every
furrow of the rippled sand, sent new life chasing through his veins.
He shouted aloud in his gladness, and splashed the waters of the
larger pools into rainbows, and was on and away before they
reached the ground.
And so, to the sandy scum of the tide, and through it to deep
water, and a manful breasting of the slow calm heave of the great
sea; with restful pauses when he lay floating on his back gazing up
into the infinite blue; and deep sighs of content for this mighty gift
of the freedom of the shore and the waves. And a deeper sigh at
thought of the weary toilers among whom he had lived so long, to
whom such things were unknown, and must remain so.
But there!--he had done his duty among them to the point almost
of final sacrifice. There was duty no less exigent here, though under
more God-given conditions. So--one more ploughing through deep
waters, arm over arm, side stroke with a great forward reach and
answering lunge. Then up and away, all rosy-red and beaded with
diamonds, to the clothing and duty of the work-a-day world.
"Grim old place," he chittered as he ran, and his eye fell on Carne
for the first time. "Grand place to live . . . if she lived there too. . . .
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