"Faces are very deceitful, very. It was poor business policy, Sumner. It would never have happened while I was around."

"Well, I am the loser, not you," replied Mr. Sumner, rather sharply. He did not like the way Mr. Allen criticised his action.

"Yes, but still, it might have been——"

"But it was not," interrupted Mr. Sumner, dryly. "And as we are to separate on the first of the year, Allen, the least said on that score the better."

"Well, just as you say," returned Mr. Allen, stiffly. "I hope you get your bonds back, that's all."

"So do I," added Hardwick. "I don't want the least shadow hanging over my name."

Mr. Sumner began to walk up and down the office uneasily. He was in a terrible state of mind. The loss of the bonds might mean utter ruin.

He hesitated and looked at Hal. The youth noticed it, and springing forward, caught him by the arm.

"Mr. Sumner, tell me you do not believe me guilty," he cried, with a curious lump rising in his throat.

"Hal, I believe you innocent," returned the elderly broker.