"What?" cried Jerome, surprised out of his icy reserve for once. "I don't think I understand you. You refuse to permit us to carry it out?"

"That is what I said, sir. Evidently you understood me perfectly."

"You refuse?" repeated Jerome.

"Yes, sir."

The man smiled.

"I fail to see what effect that can have on us. To begin with, you are crazy to make such ridiculous talk. Don't you want that railroad? Wouldn't it be of benefit to you?"

"I want the road, and it would be of great benefit to me," confessed Merriwell; "but not even to obtain that benefit and advantage will I permit the road to be constructed in a manner that I regard as criminal from start to finish."

"You talk about not permitting it, young man. In case we decide to build, I don't see how your permission or your refusal will have the slightest effect on us. Will you explain how it can?"

"Yes."

"How? What will you do?"