There never was a more discouraged lot of men than those who met in Carl Klug's shop upon the day after notice of this second suit was brought. Wallingford was the most inconsolable of all. Of course, if the others felt like putting in any more money to fight this company with its millions they could do so; in fact, they ought to do so, but his own business affairs were in such shape that, at the present moment, he could not spare a dollar. He said this in such a hesitant way, with a five-hundred-dollar diamond gleaming from his finger and another from his scarf, that they felt sure he had plenty of capital, but would not risk it further in such a losing fight; and it helped them to realize that all the capital they could command would be but as a wisp of straw to be brushed aside by this formidable giant, which not only could crush them, but had the disposition to do so.

Wallingford left them in this hopeless spirit, and went "back East to look after his other business." That business took him directly to the offices of the United Sales Recording Machine Company of New Jersey, and into an immediate conference with the man who had charge of all its patent affairs.

"I have come to sell you the Pneumatic Sales Recorder Company," said Wallingford, by way of introduction.

"The Pneumatic Sales Recorder Company?" repeated Mr. Priestly vaguely, trying to convey the impression that the name was unfamiliar to him, and he looked into his desk file. "Oh, yes; we have a suit pending against them."

"Exactly," agreed his caller. "Suit number two is now pending. We won suit number one. We will win suits number two, three, four, five and six, if need be, but it is such a waste of money on both sides. You might just as well buy us out now as later."

Mr. Priestly shook his head without a smile. He was almost gloomy about it, even. He was a small man with gray mutton-chop whiskers, and nothing could exceed his deep gravity. From another file he produced a copy of the patent taken out by Mr. Klug, and of the one just issued to Mr. Wallingford, assignor to Mr. King's company.

"The Pneumatic Sales Recorder Company," he stated, tossing down the papers as if they were too trifling to examine after he had found them, "has nothing whatever that we wish to purchase."

"Oh, yes, it has," Wallingford insisted. "It has two patents, and the absolute certainty of a business that in three years will take trade enough and profits enough away from you to buy the company several times over."

Again Mr. Priestly shook his head sadly.

"We shall have to wait three years to determine that," he hinted, with no sinister intonation whatever to go with the veiled threat. "We must defend our very existence here every day of our lives. If we did not we would have been put out of the business years ago."