"Say, Jimmy—why, what's the matter?"

Wren laughed aloud. "Nothing, only you look waked up! Good news?"

"No. More bad news. That party for this afternoon is all off, Jimmy; thanks just the same. Do you remember when you came to Evansville, the day before Christmas?"

"You bet I do," said Wren, blinking.

"You told me about an irregularity in the issue of Food Products stock. What was it?"

"Why, the Deming directors could never have marketed that stock issue under the blue sky laws if they'd revealed the actual condition of the company. They falsified it."

Armstrong nodded. "Yes, that's what I remember. It was all their doing? It had no connection with us at all?"

"Not a shadow," said Wren confidently. "Not even Macgowan could make that stick on us."

"So Mansfield said. He should know. I'll call him up—"

"He's in Albany."