"Not necessarily," replied Whitney; he was talking in the most careless, impersonal way. "A man of your sort, with the strength and the ability you inherit, and with the power that they give you to play an important part in the world, doesn't let things drift to ruin. I intend, ultimately, to give my share of the Ranger-Whitney Company to Tecumseh—I'm telling you this in confidence."

Arthur glanced quickly at the great financier, suspicion and wonder in his eyes.

"But I want it to be a value when I give it," continued Whitney; "not the worse than worthless paper it threatens to become. Scarborough and Dr. Hargrave are splendid men. No one honors them more highly than I do. But they are not business men. And who will be their successors? Probably men even less practical."

Arthur, keen-witted but young, acute but youthfully ready to attribute the generous motive rather than the sinister, felt that he was getting a new light on Whitney's character. Perhaps Whitney wasn't so unworthy, after all. Perhaps, in trying to wreck the business and so get hold of it, he had been carrying out a really noble purpose, in the unscrupulous way characteristic of the leaders of the world of commerce and finance. To Whitney he said: "I haven't given any thought to these matters." With a good-natured laugh of raillery: "You have kept me too busy."

Whitney smiled—an admission that yet did not commit him. "When you've lived a while longer, Arthur," said he, "you'll not be so swift and harsh in your judgments of men who have to lay the far-sighted plans and have to deal with mankind as it is, not as it ought to be. However, by that time the Ranger-Whitney Company will be wiped out. It's a pity. If only there were some way of getting the control definitely in your hands—where your father would have put it if he had lived. It's a shame to permit his life work and his plans for the university to be demolished. In your place I'd not permit it."

Arthur slowly flushed. Without looking at Whitney, he said: "I don't see how I could prevent it."

Whitney studied his flushed face, his lowered eyes, reflected carefully on the longing note in the voice in which he had made that statement, a note that changed it to a question. "Control could be got only by ownership," explained he. "If I were sure you were working with a definite, practical purpose really to secure the future of the company, I'd go heartily into your assessment plan. In fact, I'd—" Whitney was feeling his way. The change in Arthur's expression, the sudden tightening of the lips, warned him that he was about to go too far, that he had sowed as much seed as it was wise to sow at that time. He dropped the subject abruptly, saying: "But I've got to go up to the bank before train time. I'm glad we've had this little talk. Something of value may grow out of it. Think it over, and if any new ideas come to you run up to Chicago and see me."

Arthur did indeed think it over, every moment of that afternoon; and before going home he took a long walk alone. He saw that Charles Whitney had proposed a secret partnership, in which he was to play Whitney's game and, in exchange, was to get control of the Ranger-Whitney Company. And what Whitney had said about the folly of board managements, about the insecurity of his own position, was undeniably true; and the sacrifice of the "smaller morality" for the "larger good" would be merely doing what the biographies of the world's men of achievement revealed them as doing again and again. Further, once in control, once free to put into action the plans for a truly vast concern, of which he had so often dreamed, he could give Tecumseh a far larger income than it had ever hoped to have through his father's gift, and also could himself be rich and powerful. To the men who have operated with success and worldly acclaim under the code of the "larger good," the men who have aggrandized themselves at the expense of personal honor and the rights of others and the progress of the race, the first, the crucial temptation to sacrifice "smaller morality" and "short-sighted scruples" has always come in some such form as it here presented itself to Arthur Ranger. The Napoleons begin as defenders of rational freedom against the insane license of the mob; the Rockefellers begin as cheapeners of a necessity of life to the straitened millions of their fellow-beings.

If Arthur had been weak, he would have put aside the temptation through fear of the consequences of failure. If he had been ignorant, he would have put it aside through superstition. Being neither weak nor ignorant, and having a human passion for wealth and power and a willingness to get them if he could do it without sacrifice of self-respect, he sat calmly down with the temptation and listened to it and debated with it. He was silent all through dinner; and after dinner, when he and Madelene were in their sitting room upstairs, she reading, he sat with his eyes upon her, and continued to think.

All at once he gave a curious laugh, went to the writing table and wrote a few moments. Then he brought the letter to her. "Read that," said he, standing behind her, his hands on her shoulders and an expression in his face that made his resemblance to Hiram startling.