Armstrong, regarding him coldly, made a slight gesture of assent.

"Certainly I did," he said. "I had not foreseen that the emergency had come to-day, but was prepared." He turned to Deming. "I had intended leaving Macgowan to talk things over with you and present this course as a future means of saving Food Products. Since this crisis has turned up to-day, I took occasion to present it myself. If you would prefer that I leave your company alone—"

Deming flushed, and took the arm of the younger man.

"Reese, you're worth all of us," he said simply. "If you can save my business reputation, let the rest go! Now, gentlemen, business is over; our guests await us downstairs. Suppose we return to a social status and account this meeting adjourned until to-night. I am sure that Mr. Macgowan will handle matters acceptably."

"He will," assented Armstrong, and left the room with Deming.

Chairs scraped back and men came to their feet, following. Macgowan, making some notes, and writing out the check for Williams, was the last to depart. At the door, he overtook Ried Williams, and put his hand on the arm of his cousin.

"I'll have Reese sign this check right away. Ried, we have just witnessed a very interesting psychological study—the intolerance of a young man. You observed it?"

Williams frowned. "You mean—Slosson?"

"I don't mean Slosson. I mean the young Napoleon who issued his dicta and made those dicta obeyed. That is the vice of the young, Ried; to lack sufferance of the errors that others make. In a young man, intolerance is a natural inheritance; in an older man, it is an unpardonable fault."

The sallow features of Williams flushed a little.