"Why, yes," I replied. "I thought it was a pretty good afternoon's work; and indeed I am surprised that he told me so much."

"Oh, thunder, Hampden, you're as easily taken in as the rest of 'em. Didn't I tell you that Peter Bolton is never in the place you're looking for him?"

"Why," I argued, somewhat piqued at this reception of my budget of information, "I thought he told a good deal about his plans--in fact, showed himself a garrulous old foozle instead of the shrewd fox you'd told me about."

"My dear boy," said Wharton Kendrick with a pitying smile, "I'm grateful for your zeal, but the only thing he exposed was his desire to get you to betray me, and I might have guessed that without his telling it."

"But that half-million of notes--"

"Doesn't it strike you, Hampden, that, as a business man, I might be expected to know something about the notes outstanding against me? You're right about one thing: I didn't know they had fallen into Bolton's hands, and I'll have a score to settle with the men who sold 'em to him. But I've got every piece of my paper recorded up here," and he tapped his forehead, "and I'll be prepared to take care of it as it falls due."

"Well," I said ruefully, "I'm just one more victim of misplaced confidence in Peter Bolton."

"Oh, you needn't feel ashamed of that, my boy," said Kendrick kindly. "Your time wasn't wasted. It's worth while to know that those notes are in the hands of an enemy. But that's a mere detail. Now if he had told you how he expects to keep me from meeting them when due--"

Wharton Kendrick left his sentence suspended in the air, while he chewed his cigar for a minute or two.

"After all, Hampden," he continued, "I suspect he has pushed those notes forward to draw away attention from his real point of attack. He's figured on the possibility that you would bring me every word, and has found something to gain out of it, whether your final decision is to stand by me or to take up his offer. Now, about that offer? Are you prepared to accept his twenty-nine thousand for that trifling service he wants?"