"With your four hundred thousand, you could repay your ward in full. You and I would then have one hundred thousand each. I could,—" he paused and then the words shot forth, "replace the fifty thousand I borrowed, and be a free man."

Elijah and Mrs. MacGregor were being enlightened as to each other. Mrs. MacGregor had not thought to have Elijah lean so heavily upon her; he had never supposed her to be so cold and heartlessly unprincipled.

"We are coming to no conclusion as to our next move." Mrs. MacGregor spoke with polite impatience.

"What do you propose?"

"We must organize a company."

"But we have no charter."

"We can get one."

"It will take time."

"We can make it as short as possible."

The matter of the charter was dropped for a time, to be discussed at intervals during the days that followed; but no conclusion was reached. Mrs. MacGregor was scheming; Elijah waiting for guidance. The guidance came, though not in the way Elijah would have chosen; but he was yet to learn that when we make our conditions, guidance is certain to come in the form of a dilemma with an imperative choice.