Lord Stockbridge's parents send their son on a trip around the world to try to wean him from Georgina, under the guise of helping him discover whether his feelings are true. James returns from America in October 1929, where he has visited Elizabeth and become rich through speculation on Wall Street. Rose allows James to invest the money Gregory left her when he died in the war, but the market crashes and James loses everything. James had also "borrowed a fair bit" that he now is unable to repay. He has disgraced his family and taken advantage of a member of staff who trusted him. Depressed and ashamed, he goes to a hotel in Maidenhead and he commits suicide.