"Oh, you must learn to do so. In this case we can specially emphasize the admirable quality of the structure when the appraisement is made, which will probably be this year. The stockholders must own the railway; I have resolved upon that, and have already taken steps to have it so arranged. My shares stand for millions where others have invested tens of thousands at the most; I can consider myself the practical proprietor of the entire concern. Consequently I can impose my own conditions, and therefore I am especially glad to have you at the head of affairs as engineer-in-chief; we need take no stranger into counsel, but can work together."

"I am entirely at your service, sir, as you know; as matters stand, the appraisement will be tolerably high."

"I hope so," Nordheim said, slowly and significantly. "Moreover, the calculations are for the most part already made. They should be ready long beforehand, and they demand the work of a thorough man of business. I could not, therefore, call upon you to make them; you have enough to do in the conduct of the technical part of the enterprise. You will merely be called upon to review and approve the appraisement, and in this regard I rely upon you absolutely, Wolfgang. The unbounded confidence which you enjoy, as the result of your labours hitherto, will make matters very easy for us."

Wolfgang looked somewhat puzzled; it was a matter of course that he should do his duty and assist his father-in-law to the best of his ability, but there seemed some other meaning hidden behind the president's words: they sounded odd. There was no opportunity for further explanation, however, for Nordheim looked at his watch and arose.

"Four o'clock already; it will soon be dinner-time. Come, Wolfgang, we must not keep the ladies waiting."

"You brought Waltenberg with you," Elmhorst said, as he also rose.

"Yes; he met me in Heilborn, and came over with me. His patience seems to have been put to a hard test in these last four weeks. I cannot understand the man. He is proud and self-willed, even arrogant in a certain way, and yet he allows himself to be the victim of a girl's caprice. I mean to have a serious talk with my niece. The matter must be decided."

Meanwhile, they had passed through the adjoining room and entered the drawing-room, where a servant was employed in raising the curtains, which had been drawn down on account of the sun. Nordheim asked if the ladies were in the garden.

"Only the Baroness Thurgau and Herr Waltenberg," was the reply. "Fräulein Nordheim is in her room, where the Herr Doctor is paying her a visit."

"Ah, the new physician whom you have discovered," said the president, turning to Wolfgang. "One of your early friends, I think you told me. He certainly seems to understand the matter, for Alice has changed greatly for the better in a short time. I was quite surprised by her appearance and her unusual sprightliness; the doctor seems to have worked wonders. What is the name of this Oberstein Æsculapius? You forgot to mention it in your letters."