"Who composes your company?" he managed to ask.

"So far, I do," replied Mr. Wallingford with quiet pride. "I have not organized the company. That is a minor detail. When I go searching for capital I shall know where to secure it. I have chosen this city on account of its manufacturing facilities, and for its splendid geographical position as a distributing center."

"The stock is not yet placed, then," mused aloud Mr. Lamb, upon whose vision there already glowed a pleasing picture of immense profits.

Why, the thing was startling in the magnificence of its opportunity! Simple little trick, millions and millions used, better than anything of its kind ever put upon the market, cheaply manufactured, it was marked for success from the first!

"Stock placed? Not at all," stated Mr. Wallingford. "My plans only contemplate incorporating for a quarter of a million, and I mean to avoid small stockholders. I shall try to divide the stock into, say, about ten holdings of twenty-five thousand each."

Mr. Lamb was visibly disappointed.

"It looks like a fine thing," he declared with a note of regret.

"Fine? My boy, I'm not much older than you are, but I have been connected with several large enterprises in Boston and elsewhere—if any one were to care to inquire about me they might drop a line to the Mexican and Rio Grande Rubber Company, the St. John's Blood Orange Plantation Company, the Los Pocos Lead Development Company, the Sierra Cinnabar Grant, and a number of others, the addresses of which I could supply—and I never have seen anything so good as this. I am staking my entire business judgment upon it, and, of course, I shall retain the majority of stock myself, inasmuch as the article is my invention."

This being the psychological moment, Mr. Wallingford put forth his hand and had Mr. Lamb dump the tacks back into the large palm that had at first held them. He left them open to view, however, and presently Mr. Lamb picked out one of them for examination. This particular tack was of an exquisite apple-green color, the covering for which had been clipped from one of Mr. Wallingford's own expensive ties, glued to its place and carefully trimmed by Mr. Wallingford's own hands. Mr. Lamb took it to the window for closer admiration, and the promoter, left to himself for a moment, stood before the glass to mop his face and head and neck. He had been working until he had perspired; but, looking into the glass at Mr. Lamb's rigid back, he perceived that the work was well done. Mr. Lamb was profoundly convinced that the Universal Covered Carpet Tack Company was an entity to be respected; nay, to be revered! Mr. Lamb could already see the smoke belching from the tall chimneys of its factory, the bright lights gleaming out from its myriad windows where it was working overtime, the thousands of workmen streaming in at its broad gates, the loaded freight cars leaving every seven minutes!

"You're not going home to dinner, are you, Mr. Lamb?" asked Mr. Wallingford suddenly. "I owe you one for the splash, you know."