"Ten—twenty—thirty—forty—fifty—By gad!—sixty—seventy!"

"What are they?" asked Mabel curiously. "Some bonds—what?"

"I should say so!" he retorted gaily. "Say, girlie, I'll give you the swellest meal of your young life to-night! Chicago Water Front and Terminal, Great Lakes and Canadian Southern, Mohawk and Housatonic, Bluff Creek and Iowa Central. 'Oh, Mabel!'"

It was at just about this period of the celebration that Mr. Tutt entered the outer office and sent in his name; and as Mr. Badger was at the height of his good humor he condescended to see him.

"I have called," said Mr. Tutt, "in regard to the bonds belonging to my client, Mrs. Effingham. I see you have them on the desk there in front of you. Unfortunately she has changed her mind. She has decided not to have you dispose of her securities."

Mr. Badger's expression instantly became hostile and defiant.

"It's too late!" he replied. "I have paid off her note and I am going to carry out the rest of the arrangement."

"Oh," said Mr. Tutt, "so you are going to sell all her securities and put the proceeds into your bogus oil company—whether she wishes it or not? If you do the district attorney will get after you."

"I stand on my rights," snarled Badger. "Anyhow I can sell enough of the securities to pay myself back my ten thousand dollars."

"And then you'll steal the rest?" inquired Mr. Tutt. "Be careful, my dear sir! Remember there is such a thing as equity, and such a place as Sing Sing."