Again Williams took a little time. It was discouraging to have his own and the colonel's prefigurings as to Smith's probable state and standing so promptly verified.

"I suppose you know the plain inference you're leaving, when you say a thing like that?"

Smith made the sign of assent. "It leaves you entirely at liberty to finish out the story to suit yourself," he admitted, adding: "The back numbers—my back numbers—are my own, Mr. Williams. I've kept a file of them, as everybody does, but I don't have to produce it on request."

"Of course, there's nothing compulsory about your producing it. But unless you are what they call in this country a 'crooked' crook, you are standing in your own light. You have such a staving good head for figures and finances that it seems a pity for you to be wasting it here on an undergraduate's job in cost-cutting. Any young fellow just out of a technical school could do what you're doing in the way of paring down expenses."

The cost-cutter's smile was mildly incredulous.

"Nobody seemed to be doing it before I came," he offered.

"No," Williams allowed, "that's the fact. To tell the plain truth, we've had bigger things to wrestle with; and we have them yet, for that matter—enough of them to go all around the job twice and tie in a bow-knot."

"Finances?" queried Smith, feeling some of the back-number instincts stirring within him.

The chief engineer nodded; then he looked up with a twinkle in his closely set gray eyes. "If you'll tell me why you tried to kill Burdell the other day, maybe I'll open up the record—our record—for you."

This time the cost-cutter's smile was good-naturedly derisive, and it ignored the reference to Burdell.