Three words were spoken,—all three by Bullguard.

“How much?” he asked.

John drew a pencil pad out of his desk and wrote slowly in large, owlish characters, this:

If you smile—

$300,000,000

No smile

$350,000,000

Having written it he stopped to gaze at it thoughtfully for a minute, then pulled out the slide leaf of his desk, tossed the pad there for Bullguard to see, and leaned back.

Bullguard glanced at it and stood up.

“That!” he said, tapping the $350,000,000 with his forefinger, and stalked out.