Arlington felt that he was cornered, but he hated to give in to the lad he detested.

“All right!” he finally exclaimed. “I’ll resign.”

“Then that point is settled.”

“But don’t think for a minute that you are done with me! I am still your enemy, and you will find Chester Arlington relentless! I have power, too. The Arlingtons refuse to be beaten, and you can’t beat me.”

“That’s all right. If you resign, you’ll be wise. But I have one thing more to demand.”

Chester gasped.

“Something else? Confound you! that’s too much! You have driven me just as fast as you can!”

“I want the I O U’s you hold against Savage,” said Dick, in the same self-possessed, confident manner.

“You want them? Ha, ha!”

“Yes; you will give them to me.”