Mr. Dawlish was the junior partner of the well-known firm of city solicitors, Burrington & Tuite. That was his official description. In effect he was Schuabe's principal man of business. All his time was taken up by the millionaire's affairs all over England.

He came in quickly—a tall, well-dressed man, hair thin on the forehead, moustache carefully trained.

"You look very unwell, Mr. Schuabe," he said, with a keen glance. "Don't let these affairs overwhelm you. Nothing is so dangerous as to let the nerves go in times like these."

Schuabe started.

"How are things, Dawlish?" he said.

"Very shaky, very shaky, indeed. The shares of the Budapest Railway are to be bought for a shilling. I am afraid your investments in that concern are utterly lost. When the Bourses closed last night dealings in Foreign Government Stock were at a stand-still. Turkish C and O bonds are worthless."

Again the millionaire started. "You bring me a record of disaster," he said.

"Baumann went yesterday," continued the level voice.

"My cousin," said Schuabe.

"The worst of it is that the situation is getting worse and worse. We have, as you know, made enormous efforts. But all attempts you have made to uphold your securities have only been throwing money away. The last fortnight has been frightful. More than two hundred thousand pounds have gone. In fact, an ordinary man would be ruined by the last month or two. Your position is better because of the real property in the Manchester mills."