The eight thousand dollars that was left went at a surprisingly rapid rate, for, with a love for polished detail, Wallingford had ordered large quantities of shipping cases, stamps to burn the company's device upon them, japanned steel signs in half a dozen colors to go with each shipment, and many other expensive incidentals, besides the experimental work. There were patent applications and a host of other accumulating bills that gave Lamb more worry and perplexity than he had known in all his fifteen years of service with the Dorman Company. The next replenishment was harder. To get the remaining ten thousand dollars in the treasury, the already committed stockholders scraped around among their friends to the remotest acquaintance, and placed scrip no longer in blocks of five thousand, but of ten shares, of five shares, even in driblets of one and two hundred dollars, until they had absorbed all the extra treasury stock; and in that time Wallingford, by appointing a St. Louis agent, had managed to dispose of twenty thousand dollars' worth of his own holdings. He was still "cleaning up," and he brought in his transfer certificates with as much nonchalance as if he were turning in orders for tacks.
Rapid as he now was, however, he did not work quite fast enough. He had still some fifteen thousand dollars' worth of personal stock when, early one morning, a businesslike gentleman stepped into the office where Lamb sat alone at work, and presented his card. It told nothing beyond the mere fact that he was an attorney.
"Well, Mr. Rook, what can I do for you?" asked Lamb pleasantly, though not without apprehension. He wondered what J. Rufus had been doing.
"Are you an officer of the Universal Covered Tack Company?" inquired Mr. Rook.
"The secretary; Edward Lamb."
"Quite so. Mr. Lamb, I represent the Invisible Carpet Tack Company, and I bring you their formal notification to cease using their device;" whereupon he delivered to Edward a document. "The company assumes that you are not thoroughly posted as to its article of manufacture, nor as to its patents covering it," he resumed. "They have been on the market three years with this product."
From his pocket he took a fancifully embellished package, and, opening it, he poured two or three tacks into Edward's hand. With dismay the secretary examined one of them. It was an ordinary carpet tack, such as they were about to make, but with a crimson-covered top. Dazed, scarcely knowing what he was doing, he mechanically took his knife from his pocket and cut the cloth from it. The head was roughened for gluing precisely as had been planned for their own!
"Assuming, as I say, that you are not aware of the encroachment," the attorney went on, "the Invisible Company does not desire to let you invite prosecution, but wishes merely to warn you against attempting to put an infringement of their goods on the market. They have plenty of surplus capital, and are prepared to defend their rights with all of it, if necessary. Should you wish to communicate with me or have your counsel do so, my address is on that card," and, leaving the paper of tacks behind him, Mr. Rook left the office.
Without taking the trouble to investigate, Lamb knew instinctively that the lawyer was right, an opinion which later inquiry all too thoroughly corroborated. For three years the Invisible Carpet Tack Company had been supplying precisely the article the Universal Company was then striving to perfect. What there was of that trade they had and would keep, and a sickening realization came to the secretary that it meant a total loss to himself and his friends of practically everything they possessed. The machinery in which their money was invested was special machinery that could be used for no other purpose, and was worth but little more than the price of scrap iron. Every cent that they had invested was gone!
His first thought was for David Jasper. As for himself, he was young yet. He could stand the loss of five thousand. He could go back to Dorman's, take his old position and be the more valuable for his ripened experience, and there was always a chance that a minor partnership might await him there after a few more years; but as for Jasper, his day was run, his sun had set. It was a hard task that confronted the secretary, but he must do it. He called up Kriegler's and asked for David Jasper, and when David came to the telephone he told him what had happened. Over and over, carefully and point by point, he had to explain it, for his friend could not believe, since he could not even comprehend, the blow that had fallen upon him. Suddenly, Lamb found there was no answer to a question that he asked. He called anxiously again and again. He could hear only a confused murmur in the 'phone. There were tramping feet and excited voices, and he gathered that the receiver was left dangling, that no one held it, that no one listened to what he said. Hastily putting on his coat and hat, he locked the office and took a car for the North Side.