When he had finished his business at the Bank, he went to the offices of Dobson & Barlow, the great ironworkers, whose four-hundred-and-ten-foot chimney towers into the murky sky so far above all other structures in Bolton that if you are approaching the town by road you see it and its crest of smoke long before you see Bolton itself.

The firm had, of course, been advised of his coming, and he had written a note over-night to say when he would call. The name of Ratliffe Parmenter was a talisman to conjure with in all the business circles of the world, and so Lennard found Mr Barlow himself waiting for him in his private office.

He opened the matter in hand very quietly, so quietly indeed that the keen-sighted, hard-headed man who was listening to him found that for once in his life he was getting a little out of his depth.

Never before had he heard such a tremendous scheme so quietly and calmly set forth. Bessemer furnaces were to be erected at once all round the pit mouth, meanwhile the firm was to contract with a Liverpool firm for an unlimited supply of concrete cement of the finest quality procurable. The whole staff of Dobson & Barlow's works were to be engaged at an advance of twenty-five per cent. on their present wages for three months to carry out the work of converting the shaft of the Great Lever pit into the gigantic cannon which was to hurl into Space the projectile which might or might not save the human race from destruction.

Even granted Lennard's unimpeachable credentials, it was only natural that the great iron-master should exhibit a certain amount of incredulity, and, being one of the best types of the Lancashire business man, he said quite plainly:

"This is a pretty large order you've brought us, Mr Lennard, and although, of course, we know Mr Parmenter to be good enough for any amount of money, still, you see, contracts are contracts, and what are we to do with those we've got in hand now if you propose to buy up for three months?"

"Yes," replied Lennard, "I admit that that is an important point. The question is, what would it cost you to throw up or transfer to other firms the contracts that you now have in hand?"

There was a silence of two or three minutes between them, during which Mr Barlow made a rapid but comprehensive calculation and Lennard took out his cheque-book and began to write a cheque.

"Counting everything," said Mr Barlow, leaning back in his chair and looking up at the ceiling, "the transfer of our existing contracts to other firms of equal standing, so as to satisfy our customers, and the loss to ourselves for the time that you want—well, honestly, I don't think we could do it under twenty-five thousand pounds. You understand, I am saying nothing about the scientific aspect of the matter, because I don't understand it, but that's the business side of it; and that's what it's going to cost you before we begin."