XVI.

It was not until noon of the next day, after two hours of preparatory conference, that Hildreth sent Braine as courteous a note as his most accomplished clerk could manufacture, asking him to meet Duncan, Tucker and Fanning in the bank parlor, "for consultation upon matters of deep interest to all of us."

A little after one, Braine appeared at the bank, and greeted the others without seeming in the least conscious that he had kept the personal representatives of a good many millions of dollars waiting for an hour.

Meantime the group had agreed upon a plan of operations, which had only the one defect of being founded upon a total misapprehension of Braine's situation, attitude and intentions. A fresh perusal of the series of articles on "Thebes as a Railroad Centre," together with Hildreth's report of the message he had received from Braine in answer to his own, the day before, had led the quartette to certain conclusions.

"He knows what we're up to," was the verdict of Tucker, a pudgy little man, with a voice at least an octave too low for his apparent bellows-power; "at least he's worked out enough of it to bank on. He's making a strike. He proposes to get in with us, and it's my opinion we've got to let him in."

"Yes, but how far?" asked Fanning, a very thin person, with a high forehead, over which the skin seemed stretched with drum head tension.

"Well, of course, a fellow like that," said Hildreth, "isn't like one of us. He'll think it a big fortune if we let him in enough to give him a little bank account, and let his wife go to some fashionable watering-place every summer. He doesn't know how much a combination of this kind means. My notion is for us to take his ferry franchise and the railroad charter—he doesn't know what that piece of paper is worth, I fancy—and capitalize the ferry at two hundred thousand dollars, and the railroad at ten millions. The road won't cost more than three millions at the outside to build, and a ferry-boat can be had, with the landing traps, for thirty-five thousand dollars. We'll assign Braine two hundred thousand dollars' worth of stock in the road, and twenty-five thousand dollars in the ferry company. The figures will knock him over. Of course, we can fix it so as to throw most of the earnings of the ferry and connecting road over to our other properties. The idea of having $225,000 in anything will fetch him. It sounds big, that sort of thing, to a fellow that's rooted for his living as Braine has. He's sharp, but of course he doesn't know how these things are managed. He's had no experience."

"But we'll need his brains now and then, Hildreth," said Duncan, "and mustn't set him in antagonism to us. He'll find out after a while what his stock is worth, and then he'll fight us, sure. Can we afford to risk that?"

"That's a fact," said Hildreth; "well, how will it do to give him the stock and a clean cash twenty-five thousand dollars? He'll be rich on that, or think himself so. And we can help him in his political schemes, too. He is ambitious, and we shall want him in politics. I'll suggest politics after the money part is broached."

And so, when Braine entered, Hildreth was equipped.