"I know, but old sores may become suddenly troublesome—or useful—as the case may be. For some reason best known to himself, Hallock has decided to stay and continue playing second fiddle."

"How do you know?"

The genial smile was wrinkling at the corners of Gridley's eyes.

"There isn't very much going on under the sheet-iron roof of the Crow's Nest that I don't know, Flemister, and usually pretty soon after it happens. Hallock will stay on as chief clerk, and, naturally, he is anxious to stand well with his new boss. Are you beginning to see daylight?"

"Not yet."

"Well, we'll open the shutters a little wider. One of the first things Lidgerwood will have to wrestle with will be this Loan Association business. The kickers will put it up to him, as they have put it up to every new man who has come out here. Ferguson refused to dig into anybody's old graveyard, and so did Cumberley. But Lidgerwood won't refuse. He is going to be the just judge, if not the very terrible."

"Still, I don't see," persisted Flemister.

"Don't you? Hallock will be obliged to justify himself to Lidgerwood, and he can't. In fact, there is only one man living to-day who could fully justify him."

"And that man is——"

"—Pennington Flemister, ex-president of the defunct Building and Loan. You know where the money went, Flemister."