"Why, what's up now?"

"Eardley Brothers have called their creditors together."

"What?"

"I've just had a circular-letter from them, sir."

Peake stared at Vodrey, and then took two steps forward, stamping his feet.

"The devil!" he exclaimed, with passionate ferocity. "The devil!"

Other men of business, besides James Peake, made similar exclamations that morning; for the collapse of Eardley Brothers, the great earthenware manufacturers, who were chiefly responsible for the ruinous cutting of prices in the American and Colonial markets, was no ordinary trade fiasco. Bursley was staggered, especially when it learnt that the Bank, the inaccessible and autocratic Bank, was an unsecured creditor for twelve thousand pounds.

Peake abandoned the Blackpool customer and drove off to consult his lawyer at Hanbridge; he stood to lose three hundred and fifty pounds, a matter sufficiently disconcerting. Yet, in another part of his mind, he felt strangely serene and happy, for he was sure now of winning his bet of one shilling with Randolph Sneyd. In the first place, the failure of Eardleys would annihilate the organ scheme, and in the second place no one would have the audacity to ask him for a subscription of a hundred pounds when it was known that he would be a heavy sufferer in the Eardley bankruptcy.

Later in the day he happened to meet one of the Eardleys, and at once launched into a stream of that hot invective of which he was a master. And all the while he was conscious of a certain hypocrisy in his attitude of violence; he could not dismiss the notion that the Eardleys had put him under an obligation by failing precisely at this juncture.