"Dear old Ham," said Bones solemnly, "it was a little scheme—just a little scheme. Sit down, dear old officer," he said, after a solemn pause. "And let this be a warning to you. Don't put your money in industries, dear old Captain Hamilton. What with the state of the labour market, and the deuced ingratitude of the working classes, it's positively heartbreaking—it is, indeed, dear old Ham."

And then and there he changed the whole plan and went out of industrials for good.

CHAPTER V

A CINEMA PICTURE

Mr. Augustus Tibbetts, called "Bones," made money by sheer luck—he made more by sheer artistic judgment. That is a fact which an old friend sensed a very short time after he had renewed his acquaintance with his sometime subordinate.

Yet Bones had the curious habit of making money in quite a different way from that which he planned—as, for example, in the matter of the great oil amalgamation. In these days of aeroplane travel, when it is next to impossible to watch the comings and goings of important individuals, or even to get wind of directors' meetings, the City is apt to be a little jumpy, and to respond to wild rumours in a fashion extremely trying to the nerves of conservative brokers.

There were rumours of a fusion of interests between the Franco-Persian Oil Company and the Petroleum Consolidated—rumours which set the shares of both concerns jumping up and down like two badly trained jazzers. The directorate of both companies expressed their surprise that a credulous public could accept such stories, and both M. Jorris, the emperor of the Franco-Persian block, and George Y. Walters, the prince regent of the "Petco," denied indignantly that any amalgamation was even dreamt of.

Before these denials came along Bones had plunged into the oil market, making one of the few flutters which stand as interrogation marks against his wisdom and foresight.

He did not lose; rather, he was the winner by his adventure. The extent of his immediate gains he inscribed in his private ledger; his ultimate and bigger balance he entered under a head which had nothing to do with the oil gamble—which was just like Bones, as Hamilton subsequently remarked.

Hamilton was staying with Sanders—late Commissioner of a certain group of Territories—and Bones was the subject of conversation one morning at breakfast.