He might have added that, but for the need for money, he would long since have dropped his association with Alfred Cartwright, though Cartwright’s name stood very high in certain circles of the City of London. They had been at school together, though in that period there had been no very great friendship between them. And Cartwright was marked out for success from the beginning. He inherited a considerable business when his father died, and he enlarged and improved upon it. He had taken up a hundred and one outside interests, and had made most of them pay. A few of them did not pay, and it was whispered that the losses upon his failures took a considerable slice of the balance that accrued from his successes.

They had met again when Maxell was a junior and Cartwright the defendant in a case which, had he lost, would have made him some thirty thousand pounds the poorer. When Maxell thought back upon that event, he had to confess that it was not a pleasant case, being one in which Cartwright had been charged with something which was tantamount to misrepresentation; and, although he had won, and won brilliantly, he had never felt any great pride in his achievement.

“No,” he said (the pauses were frequent and long), “I should hardly imagine that the Prime Minister loves me to that extent. In Parliament you have to be an uncomfortable quantity to be really successful. You must be strong enough to have a national following, and sufficiently independent to keep the Whips guessing. I am known as a safe man, and I hold a safe seat, which I couldn’t lose if I tried. That doesn’t make for promotion. Of course, I could have had an Under-Secretaryship for the asking, and that means a couple of thousand a year, but it also means that you last out the life of the administration in a subordinate capacity, and that, by the time you have made good, your party is in the cold shade of opposition, and there are no jobs going.”

He shook his head, and returned immediately to the question of the missing reef, as though he wished to take the subject from his own personal affairs.

“You say that it would cost us a lot of money if the reef was proved,” he said. “Isn’t it costing us a lot now?”

Cartwright hesitated.

“Yes, it is. As a matter of fact,” he confessed, “the actual reef is costing nothing, or next to nothing, because El Mograb is helping me. In our own business—that is to say, in the Syndicate—our expenses are more or less small; but I am doing a little independent buying, and that has meant the spending of money. I am taking up all the ground to the south of the Angera—a pretty expensive business.”

Maxell shifted uneasily in his chair.

“That is rather worrying me, you know, Cartwright,” he said; “your scheme is ever so much too ambitious. I was figuring it out this afternoon as I was sitting in my room, and I came to the conclusion that, if the scheme as you outlined it to me yesterday went through, it would mean your finding two millions.”

“Three,” corrected the other cheerfully, “but think what it means, Maxell! Supposing it went through. Supposing we struck a reef, and the reef continued, as I believe it will, through the country I am taking up! Why, it may mean a hundred millions to me!”