And while these things went forward Mary Burton still sat alone in the private office of Jefferson Edwardes, waiting. Through century-long hours she had in her ears only the din from the street and that incessant ticking of the stock-tape at her elbow.

Every few minutes she rose and anxiously ran through her fingers the long thin coil of paper which it fed so endlessly into its tall wicker basket. She could make little of those abbreviated letters and numbers, though she realized that every succeeding glance showed a shrinkage of each value. One thing she could read with a deadly clarity—those hideous words that meant the falling of the outposts. "So and So announce that they cannot meet their obligations." There were other grim scraps of information, too, wedged between the hurried quotations such as, "Police reserves called to quell riot at closed North Bank," and finally, "Troops from Governor's Island to guard sub-treasury."

Finally she went to the window and raised the sash to let the cold air blow against her fevered cheeks, and as she did so she heard yells and the gongs of patrol-wagons. The madness was spreading beyond the confines of enclosing walls.

Mary Burton turned, heavy-hearted, back to the room's interior and her glance fell on the clock. It recorded two-forty. She wondered when Edwardes would return. She had spent the day in his office because she knew that when he came in, as he had done several times, only to hasten out again, he found in her forced smile renewal of strength for his combat, which enabled him to go out smiling through the drawn agony of his harassment.

The hateful ticker drew her back with its light clatter. Perhaps at last it had good tidings to offer. Unless it brought them soon it would bring them too late—like a reprieve after execution. She took the narrow thread of paper in her hand and glanced at its latest entries. As she watched the small type wheel revolve and stamp, it broke upon her that the inanimate herald was spelling out, letter by letter, a familiar name.

"E-D-W-A-R-D-E-S A-N-D E-D-W-A-R-D-E-S."

With a smothered shriek Mary Burton dropped the tape as though it had scorched her fingers. She groped her way half-blindly to the chair by Jefferson's desk, and, sinking into it, buried her face in her crossed arms. She could not have shed a tear or uttered a word. She was paralyzed in an icy terror. That was how all these other announcements had begun: With the name of the failing firm. After what seemed a decade she drew herself up and sat erect and white, trembling from her throat to her feet. She forced her agonized features into a semblance of artificial calm. Suppose he should return to her now, defeated, ruined, crushed, and open his door on that picture of despair and surrender!

The clock said two-fifty-five. So she had been sitting here ten minutes! Grasping the arms of her chair and bracing herself, she rose with a labored effort and went resolutely back to the ticker where, as one draws aside a veil which may reveal tragedy, she picked up the tape again. She saw no name this time, and suddenly it occurred to her that the monstrous thing had passed callously on to other news—as though there were other news!

She dragged it out of its twisted coils in the basket and read in cold, unpunctuated capitals, EDWARDES AND EDWARDES FAIL TO MEET OBLIGATIONS.

The girl reeled and leaned limply against the wall, and, as she stood there overpowered and dizzy, a low incoherent moan came up from her throat. Then as she mechanically held the tenuous death-warrant in her pulseless fingers, her eyes fell on an item just finished.