The New Yorker nodded. His millions were solidly placed, and he took no more than a sportsman's interest in the fluctuations of the stock market.

"Of course, there have been all sorts of rumors East: 'bull' prophecies that the triumph of the new party means an era of unexampled prosperity for the State—and by consequence for western stocks; 'bear' growlings that things are sure to go to the bow-wows under the Bucks régime. What do you think of it?"

Kent blew a series of smoke rings and watched them rise to become a part of the stratified tobacco cloud overhead before replying.

"I may as well confess that I am not entirely an unprejudiced observer," he admitted. "For one thing, I am in the legal department of one of the best-hated of the railroads; and for another, Governor Bucks, Meigs, the attorney-general, and Hendricks, the new secretary of State, are men whom I know as, it is safe to say, the general public doesn't know them. If I could be sure that these three men are going to be able to control their own party majority in the Assembly, I should take the first train East and make my fortune selling tips in Wall Street."

"You put it graphically. Then the Bucks idea is likely to prove a disturbing element on 'Change?"

"It is; always providing it can dominate its own majority. But this is by no means certain. The political earthquake is essentially a popular protest against hard conditions brought about, as the voters seem to believe, by the oppressions of the alien corporations and extortionate railroad rates. Yet there are plenty of steady-going, conservative men in the movement; men who have no present idea of revolutionizing things. Marston, the lieutenant-governor, is one of that kind. It all depends on whether these men will allow themselves to be whipped into line by the leaders, who, as I am very well convinced, are a set of conscienceless demagogues, fighting solely for their own hand."

Ormsby nodded again.

"You are likely to have good hunting this winter, Mr. Kent. It hasn't begun yet, I take it?"

"Oh, no; the Assembly does not convene for a fortnight, and nobody short of an inspired prophet can foretell what legislation will be sprung. But one thing is safe to count on: the leaders are out for spoils. They mean to rob somebody, and, if my guess is worth anything, they are sharp enough to try first to get their schemes legalized by having enabling laws passed by the Assembly."

"Um," said the eastern man. Then he took the measure of his companion in a shrewd overlook. "You are the man on the ground, Mr. Kent, and I'll ask a straightforward question. If you had a friend owning stock in one of the involved railways, what would you advise?"