"How did you get to hear about it, Excellency?". asked Bones.

His attitude was one of undisguised antagonism. He might have been a little resentful that the opportunity had come to Sanders through any other agency than his own.

"I had a letter from the solicitors asking me if the idea appealed to me, and recalling my services on the Coast," said Sanders. "Of course I know very little about the Mazeppa Trading Company, though I had heard of it years gone past as a very profitable concern. The solicitors were quite frank, and told me that business had fallen off, due to inexperienced management. They pointed out the opportunities which existed—the possibilities of opening new stations—and I must confess that it appealed to me. It will mean hard work, but the salary is good."

"Hold hard, Sir and Excellency," said Bones. "What did you have to put up in the way of shares?"

Sanders flushed. He was a shy man, and not given to talking about his money affairs.

"Oh, about five thousand pounds," he said awkwardly. "Of course, it's a lot of money; but even if the business isn't successful, I have a five-year contract with the company, and I get more than my investment back in salary."

That night Bones stayed on after Hamilton had left, and had for companion Miss Marguerite Whitland, a lady in whose judgment he had a most embarrassing faith. He had given her plenty of work to do, and the rhythmical tap-tap of her typewriter came faintly through the door which separated the outer from the inner office.

Bones sat at his desk, his chin in his hand, a very thoughtful young man, and before him was a copy of the latest evening newspaper, opened at the Stock Exchange page. There had been certain significant movements in industrial shares—a movement so interesting to the commentator upon Stock Exchange doings that he had inserted a paragraph to the effect that:

"The feature of the industrial market was the firmness of Mazeppa Trading shares, for which there was a steady demand, the stock closing at 19_s_. 9_d_. Mazeppa shares have not been dealt in within the House for many years, and, in fact, it was generally believed that the Company was going into liquidation, and the shares could be had for the price of the paper on which they were printed. It is rumoured in the City that the Company is to be reconstructed, and that a considerable amount of new capital has been found, with the object of expanding its existing business."

Bones read the paragraph many times, and at the conclusion of each reading returned to his reverie. Presently he rose and strolled into the office of his secretary, and the girl looked up with a smile as Bones seated himself on the edge of her table.