"Enjoyed your holiday?" he went on, rising, stretching himself, and offering a box of cigarettes. "You look well. Done any summits? When we get our affairs in order, I must be off somewhere myself. Northward, I think. I want a little bracing cold. I should like to see Iceland. You know the Icelandic sagas? Magnificent! There's the saga of Grettir the Strong—by Jove! But come, this isn't business. I have news for you, real, substantial, hopeful news."
They seated themselves in roundbacked chairs, and Will lighted a cigarette.
"You know my thoughts were running on jam; jam is our salvation; of that I have long been convinced. I looked about, made a few inquiries, and by good luck, not long after you went off for your holiday, met just the man I wanted. You've heard of Applegarth's jams?"
Will said he had seen them advertised.
"Well, I came across Applegarth himself. I was talking to Linklater—and jams came up. 'You ought to see my friend Applegarth,' said he; and he arranged for us to meet. Applegarth happened to be in town, but he lives down in Somerset, and his factory is at Bristol. We all dined together at the Junior Carlton, and Applegarth and I got on so well that he asked me down to his place. Oxford man, clever, a fine musician, and an astronomer; has built himself a little observatory—magnificent telescope. By Jove! you should hear him handle the violin. Astonishing fellow! Not much of a talker; rather dry in his manner; but no end of energy, bubbling over with vital force. He began as a barrister, but couldn't get on, and saw his capital melting. 'Hang it!' said he, 'I must make some use of what money I have'; and he thought of jam. Brilliant idea! He began in a very modest way, down at Bristol, only aiming at local trade. But his jams were good; the demand grew; he built a factory; profits became considerable. And now, he wants to withdraw from active business, keeping an interest. Wants to find some one who would run and extend the concern—put in a fair capital, and leave him to draw his income quietly. You see?"
"Seems a good opportunity," said Warburton.
"Good? It's simply superb. He took me over the works—a really beautiful sight, everything so admirably arranged. Then we had more private talk. Of course I spoke of you, said I could do nothing till we had consulted together. I didn't seem too eager—not good policy. But we've had some correspondence, and you shall see the letters."
He handed them to his partner. Warburton saw that there was a question of a good many thousand pounds.
"Of course," he remarked, "I could only stand for a very small part in this."
"Well, we must talk about that. To tell you the truth, Will," Sherwood continued, crossing his legs and clasping his hands behind his head, "I don't see my way to find the whole capital, and yet I don't want to bring in a stranger. Applegarth could sell to a company any moment, but that isn't his idea; he wants to keep the concern in as few hands as possible. He has a first-rate manager; the mere jam-making wouldn't worry us at all; and the office work is largely a matter of routine. Will you take time to think about it?"