“Exactly,” said he gratefully. “Your brokerage business has been invaluable to us. But—well, I needn't tell you how people—the men of standing—look on that sort of thing.”

“I never have paid any attention to pompous pretenses,” said I, “and I never shall. My brokerage business must go on, and my daily letters to investors. By advertising I rose; by advertising I am a power that even you recognize; by advertising alone can I keep that power.”

“You forget that in the new circumstances, you won't need that sort of power. Adapt yourself to your new surroundings. Overalls for the trench; a business suit for the office.”

“I shall keep to my overalls for the present,” said I. “They're more comfortable, and”—here I smiled significantly at him—“if I shed them, I might have to go naked. The first principle of business is never to give up what you have until your grip is tight on something better.”

“No doubt you're right,” agreed the white-haired old scoundrel, giving no sign that I had fathomed his motive for trying to “hint” me out of my stronghold. “I will talk the matter over with Langdon and Melville. Rest assured, my boy, that you will be satisfied.” He got up, put his arm affectionately round my shoulders. “We all like you. I have a feeling toward you as if you were my own son. I am getting old, and I like to see young men about me, growing up to assume the responsibilities of the Lord's work whenever He shall call me to my reward.”

It will seem incredible that a man of my shrewdness and experience could be taken in by such slimy stuff as that—I who knew Roebuck as only a few insiders knew him, I who had seen him at work, as devoid of heart as an empty spider in an empty web. Yet I was taken in to the extent that I thought he really purposed to recognize my services, to yield to the only persuasion that could affect him—force. I fancied he was actually about to put me where I could be of the highest usefulness to him and his associates, as well as to myself. As if an old man ever yielded power or permitted another to gain power, even though it were to his own great advantage. The avarice of age is not open to reason.

It was with tears in my eyes that I shook hands with him, thanking him emotionally. It was with a high chin and a proud heart that I went back to my offices. There wasn't a doubt in my mind that I was about to get my deserts, was about to enter the charmed circle of “high finance.”

That small and exclusive circle, into which I was seeing myself admitted without the usual arduous and unequal battle, was what may be called the industrial ring—a loose, yet tight, combine of about a dozen men who controlled in one way or another practically all the industries of the country. They had no formal agreements; they held no official meetings. They did not look upon themselves as an association. They often quarreled among themselves, waged bitter wars upon each other over divisions of power or plunder. But, in the broad sense, in the true sense, they were an association—a band united by a common interest, to control finance, commerce and therefore politics; a band united by a common purpose, to keep that control in as few hands as possible. Whenever there was sign of peril from without they flung away differences, pooled resources, marched in full force to put down the insurrection. For they looked on any attempt to interfere with them as a mutiny, as an outbreak of anarchy. This band persisted, but membership in it changed, changed rapidly. Now, one would be beaten to death and despoiled by a clique of fellows; again, weak or rash ones would be cut off in strenuous battle. Often, most often, some too-powerful or too-arrogant member would be secretly and stealthily assassinated by a jealous associate or by a committee of internal safety. Of course, I do not mean literally assassinated, but assassinated, cut off, destroyed, in the sense that a man whose whole life is wealth and power is dead when wealth and power are taken from him.

Actual assassination, the crime of murder—these “gentlemen” rarely did anything which their lawyers did not advise them was legal or could be made legal by bribery of one kind or another. Rarely, I say—not never. You will see presently why I make that qualification.

I had my heart set upon membership in this band—and, as I confess now with shame, my prejudices of self-interest had blinded me into regarding it and its members as great and useful and honorable “captains of industry.” Honorable in the main; for, not even my prejudice could blind me to the almost hair-raising atrocity of some of their doings. Still, morality is largely a question of environment. I had been bred in that environment. Even the atrocities I excused on the ground that he who goes forth to war must be prepared to do and to tolerate many acts the church would have to strain a point to bless. What was Columbus but a marauder, a buccaneer? Was not Drake, in law and in fact, a pirate; Washington a traitor to his soldier's oath of allegiance to King George? I had much to learn, and to unlearn. I was to find out that whenever a Roebuck puts his arm round you, it is invariably to get within your guard and nearer your fifth rib. I was to trace the ugliest deformities of that conscience of his, hidden away down inside him like a dwarfed, starved prisoner in an underground dungeon. I was to be astounded by revelations of Langdon, who was not a believer, like Roebuck, and so was not under the restraint of the feeling that he must keep some sort of conscience ledgers against the inspection of the angelic auditing committee in the day of wrath.