Old Shotwell, dazed, lifted his chin from his shirt bosom, stared stupidly at the chest, rose at a prod from his neighbor, bowed, and sat down again. Fosdick seated himself, nudged him under the table, whispered hoarsely under cover of his mustache, "Get up. Get up! Here's the time for your speech."

The old man fumbled in his breast pocket, drew out a manuscript, rose uncertainly. As he got on his feet, the manuscript dropped to the floor. Armstrong saw, moved around between Shotwell and his neighbor, picked up the manuscript, opened it, laid it on the table at Shotwell's hand. "Ladies and gentlemen," quavered Shotwell, in a weak voice and with an ashen face, "I thank you. I—I—thank you."

The diners rose again. "Three cheers for the old chief!" was the cry, and out they rang. Tears were in Shotwell's eyes; tears were rolling down Fosdick's cheeks; some of the drunken were sobbing. As they sang, "For he's a jolly good fellow," Fosdick's great voice leading and his arm linked in Shotwell's, Armstrong happened to glance down at the manuscript. The opening sentence caught his eye—"Fellow builders of the Mutual Association Against Old Age and Death, I come here to expose to you the infamous conspiracy of which I have been the victim." Before Armstrong could stop himself, he had been fascinated into reading the second sentence: "I purpose to expose to you, without sparing myself, how Josiah Fosdick has seized the O.A.D. to gamble with its assets, using his unscrupulous henchman, Horace Armstrong, as a blind."

Armstrong, white as his shirt, folded the manuscript and held it in the grip a man gives that which is between him and destruction. The singing finished, all sat down again, Shotwell with the rest. Had his mind given way, or his will? Armstrong could not tell; certain it was, however, that he had abandoned the intention of changing the banquet into about the most sensational tragedy that had ever shaken and torn the business world. Armstrong put the manuscript in his pocket. "I'll mail it to him," he said to himself.

But now Josiah was up again, was calling for a "few words from my eminent young friend, whom the directors of the O.A.D., in the wise discharge of the trust imposed upon them by three quarters of a million policy holders, have elected to the presidency. His shoulders are young, gentlemen, but"—here he laid his hand affectionately upon Armstrong—"as you can see for yourselves, they are broad and strong." He beamed benevolently down upon Armstrong's thick, fair hair. "Young man, we want to hear your pledge for your stewardship."

Horace Armstrong, unnerved by the narrowly averted catastrophe, drew several deep breaths before he found voice. He glanced along first one line, then the other, of the eminent and most respectable directors, these men of much and dubious wealth which yet somehow made them the uttermost reverse of dubious, made them the bulwarks of character and law and property—of all they had trodden under foot to achieve "success." Then he gazed out upon the men who were to take orders from him henceforth, the superintendents, agents, officials of the O.A.D. "My friends," said he, "we have charge of a great institution. With God's help we will make it greater, the greatest. It has been one of the mainstays of the American home, the American family. It shall remain so, if I have your coöperation and support."

And he abruptly resumed his seat. There were cheers, but not loud or hearty. His manner had been nervous, his voice uncertain, unconvincing. But for his presence—that big frame, those powerful features—he would have made a distinctly bad impression. As he sat, conscious of failure but content because he had got through coherently, old Shotwell began fumbling and muttering, "My speech! Where's my speech! I've lost it. Somebody might find it. If the newspapers should get it——"

But the dinner was over. The boxes were emptying, the intoxicated were being helped out by their friends, the directors were looking uneasily at Fosdick for permission to join their departing families. Fosdick took Shotwell firmly by the arm and escorted him, still mumbling, to the carriage entrance, there turning him over to Mrs. Shotwell.

"He's very precious to us all, madam," said Fosdick, indifferent to her almost sneering coldness, and giving the old man a patronizing clap on the shoulder. "Take good care of him." To himself he added, "I'll warrant she will, with that pension his for his lifetime only."

And he went home, to sleep the sleep of a good man at the end of a good day.