my duty as a subordinate, and your own appointee, and because you were my father's friend so many years ago. I may say, frankly, that I did it against good advice. Men who profess to know you have counseled me to appeal directly to the board. What I wish to know now is if you are willing to take the entire responsibility of turning this plan of mine down. Will it not relieve you of all responsibility if you will call a meeting of the directors, and let me lay this absurd proposal of mine before it? You can surely have no fears for the result."

The shot told. The president struggled to his feet and took a nervous turn up and down the long room. When he replied, it was with the indecisive man's reluctance to commitment of any sort.

"If I call the meeting, I shall be ridiculed; and if I don't call it, I suppose you'll go to Brewster and Magnus and tell them I've muzzled you. Have it your own way. I'll issue the call for ten o'clock, the day after to-morrow, in McVeigh and Mackie's offices in Broad Street. But I warn you in advance, Mr. Ford, I shall not be able to help you in the least. And I may add this: that when you reach that part of your proposal where you call for thirty-five millions additional capital, you may as well put on your hat and go home. That will be the end of it."

"And of me," laughed the enthusiast. But in spite of the cold comfort, and of the still colder promise of opposition, he took his leave with a lighter heart, refusing Mr. Colbrith's rather perfunctory invitation to stay to luncheon.

And on the gravelled drive, where he again had to make way for the auto-car purring in on its return, he did not so much as look up at the pair in the driving-seat.