"Would I give you a bad cigar?" asked the indignant Bones. "A gallant old returned warrior, comrade of my youth, and all that sort of thing! My dear old Ham!"

"I'll tell you in a minute," said Hamilton, and took two draws.

Bones, who was no cigar smoker, watched the proceedings anxiously.
Hamilton put the cigar down very gently on the corner of the desk.

"Do you mind if I finish this when nobody's looking?" he asked.

"Isn't it all right?" asked Bones. "Gracious heavens! I paid fifty shillings a hundred for those! Don't say I've been done."

"I don't see how you could be done at that price," said Hamilton, and brushed the cigar gently into the fireplace. "Yes, I have come to consult you, Bones," he went on. "Do you remember some eight months ago I wrote to you telling you that I had been offered shares in a motor-car company?"

Bones had a dim recollection that something of the sort had occurred, and nodded gravely.

"It seemed a pretty good offer to me," said Hamilton reflectively. "You remember I told you there was a managership attached to the holding of the shares?"

Bones shifted uneasily in his chair, sensing a reproach.

"My dear old fellow——" he began feebly.