"But you very wisely withheld the outcome of your plans. I should not have consented to my own ruin."

"Mr. Wilmarth, if you can decide upon any reasonable price for your share, I will purchase it. It cannot be a comfortable feeling to know yourself in a sinking ship, with no means of rescue. If you are doubtful of success, name your price."

He tries to study the face before him, but the sphinx is not more inscrutable. Yet he feels that from some cause Wilmarth hates him, and therein he is right. To be thwarted and outgeneralled is what this black-browed man can illy bear. To receive a certain sum of money and see his rival go on to success, with a comparatively smooth pathway, is what he will not do. Floyd Grandon shall purchase his victory at the highest, hardest rate.

"I may be doubtful," he begins, in a slow, careful tone, which Floyd knows is no index to his real state of mind, "but that does not say I am quite despairing. I had the pleasure of working most amicably with your father and receiving a fair return on my investment. I have had no dissensions with your brother, who is really my working partner. Your father was more sanguine of success than I, but I am well aware that if business men give up at the first shadow of unsuccess, a wreck is certain. I have no desire to leave the ship. The business suits me. At my time of life men are not fond of change. What I protest against is, that if I, with all my years of experience, find it best to go slowly and with care, you shall not precipitate ruin by your ill-judged haste."

How much does this man believe? What are his aims and purposes? What is under the half-concealed contempt and incredulity? If he has cherished the hope of getting the business into his hands he must feel assured of success. Floyd Grandon is not a lover of involved or intricate motives. He takes the shortest road to any point. Fairness, simplicity, and truth are his prevailing characteristics.

"Do you believe honestly that St. Vincent's idea has any of the elements of success?" he demands, incisively.

Wilmarth shrugs his shoulders and the useful sneer crosses his face.

"Mr. Grandon," he answers, imperturbably, "I have seen the elements of success fail from lack of skilful handling."

"You proposed for the hand of Miss St. Vincent," and then Grandon could bite out his tongue if it would recall the words.

"Yes," with half-contemptuous pity. "He had risked everything on the success of this, and the poor child would have been left in a sad plight. Marriage was rather out of my plans."