"It is regrettable," came the precise voice of Mansfield, "that you allowed yourself to be coerced, but I can quite understand your situation. There is no doubt that the charge of fraud and misrepresentation can be met by your own documents, and the testimony of your subordinates?"'

"None. There's absolutely no ground for complaint from any investor. Put a few on the stand and you'll see how quickly they'll backwater."

"Then you have virtually nothing to fear from that quarter." Mansfield tapped his pince-nez on his fingers, reflectively. "You will not make delivery of your Consolidated stock to Macgowan, naturally; an agreement made under duress is not binding, legally or morally. Macgowan, in the face of our charges, will not dare to force a delivery."

"But will a jury believe," queried Armstrong, "that I'd be fool enough to submit to extortion, when I was perfectly innocent?"

The lawyer smiled, as though from a weary knowledge of mankind.

"My dear sir, that action was forced by Macgowan's control of the voting trust; and, further, by your state of mind upon discovery of his treachery. Every man in the world has at some time been betrayed by the friend he trusted; such, at least, is the supposition upon which I shall go. One or two men on a jury will certainly have had such an experience."

Armstrong nodded, then produced an evening paper. "Here's a little matter—"

He found the column which he had marked, and handed it to Mansfield, who read over carefully a report of the special meeting of Consolidated's directors that morning. The resignations of both Wren and Armstrong had been promptly acted upon, and a shift of officers had taken place, leaving Findlater as president but putting in Macgowan as secretary and treasurer. Mansfield returned the paper without comment.

"You think we have a chance to win, then?" asked Armstrong.

"Some day—yes." Mansfield frowned. "That phrase covers a good deal of time, Mr. Armstrong. We shall have to meet every legal twist and turn, every subterfuge, every possible form of corruption, even; further, we shall find strong political influence arrayed against us. The petition for removal of Macgowan and Findlater must go before the state's attorney general at once. In the end, we shall win."