"Here are the papers you want, Merville—and by the way!" He turned in his chair and glowered at Ronnie. "Do you remember we pooled the Midwell Traction shares, Morelle?" His voice was ominous.

"Er—yes—of course," said Ronnie, quaking.

"We undertook to hold the stock until we mutually agreed as to the moment we should unload, huh?" Steppe demanded deliberately.

Ronald made an ineffectual attempt to appear unconcerned.

"And we undertook not to part with a share until the stock reached forty-three. Do you remember, huh?"

"Yes," said Ronnie, and the big man's fist crashed down on the table.

"You're sure you remember?" he shouted. "You sold at thirty-five. Do that again, and d'ye know what I'll do?"

"I'm sure Ronald wouldn't—" began Merville, but was silenced.

"You shut up! It didn't matter so much that Traction slumped. But you broke faith with me, you rat!"

"Don't lose your temper, Steppe," said the other sulkily, "it was a mistake, I tell you. My broker sold without authority."