"Thank you—no. I have just come from Umberleigh, in Devonshire, Mr. Ferguson."

A barely perceptible change passed over the other's face.

"Indeed," he said, easily. "I was there myself a little while ago."

"So I understood," remarked Hewson. "A Mr. Crossley told me that you had been good enough to sell him some shares while you were there—a packet of Rio Lopez, to be exact."

"I did," answered Ferguson. "Though I hardly see what concern it is of yours."

"All in good time," said Hewson, taking the certificate from his pocket. "Two thousand five hundred, I see, when they were standing at two pounds. And to-day they're a shade over four shillings—to-morrow, quite possibly, sixpence."

"Everything is down," remarked Ferguson with a wave of his hand. "Sorry for Mr. Crossley."

"So am I," said the other. "It seems hard luck on an innocent old man like that to be left to carry the baby. He apparently placed such reliance on your judgment, Mr. Ferguson. Moreover, I gather you dined with him two or three times."

"Well, what if I did?" He leaned back in his chair impatiently. "Might I suggest that time is money to some of us, and that I'm rather busy this morning? I'd be obliged if you'd get to the point."

"Certainly," said Hewson, quietly. "I have a nice little bunch of two thousand five hundred Rio Lopez which I shall be delighted to sell you, on behalf of Mr. Crossley—at two pounds a share."