His cold, incisive words seemed almost to stab, but L. W. still swayed on his feet.

"I'd like to explain," he went on brokenly. "I never go back on a friend. But Rimrock, he's wasting his money back there—I thought it would be a kindness."

"Yes, yes, Mr. Lockhart," interrupted Stoddard impatiently, "we all know the goodness of your heart. Do I hear a motion to adjourn?"

He shifted his keen, commanding eyes to Mary, who nodded her head in return. She was watching L. W. as he stood there sweating, with the anguish of that Judas-like thought. He had betrayed his friend, he had sold him for gold; and, already, he was sorry.

"Second the motion," said Stoddard. "All in favor say 'Ay!' The meeting stands adjourned."

He rose up quickly and gathering up his papers, abruptly left the room. Jepson followed as quickly and L. W., still talking, found himself alone with the girl. She was gazing at him strangely and as he paused enquiringly she went over and held out her hand.

"I understand, Mr. Lockhart," she said, smiling comfortingly. "I understand just how you feel. It was a kindness—I felt so myself—and that's why I voted as I did."

The staring eyes of L. W. suddenly focused and then he seized her hand. "God bless you," he cried, crushing her fingers in his grip. "You'll make it right on the books? God bless you, then; I wouldn't sell out that boy for all the money in the world."

He broke off suddenly and dashed from the room while Mary gazed pensively after him. She too, in a way, had betrayed her friend; but she had not done it for gold.

As secretary of the Company and the Board of Directors it devolved upon Mary Fortune to notify Rimrock of the passed dividend. She knew as well as L. W. knew that it would be a bitter blow to him, but she felt no pity or regret. The money that would otherwise be wasted in New York would be diverted to the construction of the smelter, and if he found the loss a hardship he had only himself to thank. She went into her office and shut the door, but, simple as the letter seemed, she was unable to put it on paper. Three times she tried, but at each attempt her pent-up anger burst forth and the coldest and most business-like words she could summon seemed packed with hate and resentment. She gave up at last and was sitting listlessly when she heard voices in the outer room. It was Jepson and Stoddard, and as she listened closer she could make out what they said.