Gallatin flushed. “Call it what you like, it’s here—in my possession. The majority stock of the Sanborn Mining Company is now owned by Henry K. Loring, and has been voted under cover for the benefit of the Pequot Coal Company.”

“That’s a grave charge, Mr. Gallatin.”

“So grave that I thought it fairer to Mr. Loring to have him learn what I know, before bringing the matter into court.”

“You have proved nothing yet.”

Gallatin opened some papers and laid them on the table.

“I have here an affidavit of a former employee of Mr. Loring which I propose to offer in evidence.”

“Who?” growled Loring.

“One moment, please. I have also an abstract from the books of the company with entries showing the purchase of stock, the amounts, the price and the dates of payment.”

Leuppold leaned forward in his chair.

Even you must know, Mr. Gallatin, that that’s not evidence.”