"It's an expectation that's not invariably realized," Frobisher remarked dryly. "You feel that your shareholders ought to be satisfied?"

"Of course. That's why I'm here."

"Our acquaintance is short, but if you don't feel that I'm too much of a stranger, I might perhaps be able to throw some light on any points that you're puzzled about. I've had a pretty extensive experience in these matters."

He was mildly gratified by his guest's ready confidence, but Andrew had been endowed with a quick and accurate judgment of character. He talked without reserve as Frobisher drew him out; and the American listened with unusual interest. The affairs of the Rain Bluff Company were no concern of his, but the working of Allinson's mind fixed his attention. Allinson was obviously a novice in such matters, but, for an untrained man, he showed a grasp of the salient points and a boldness in attacking difficulties which Frobisher thought remarkable. Lighting a fresh cigar when Andrew had finished, he smoked a while in silence. With a few words he might explain the Company's situation in a manner that would fill his guest with astonishment and perhaps dismay, but on the whole it did not seem advisable that they should be spoken. It would be better that Allinson should find out for himself how matters stood. Frobisher felt strongly curious about what he would do then.

Andrew presently looked up, as if he expected some comment.

"There are one or two suggestions I might make," said Frobisher.

They were not of much moment, though they promised to save Andrew some time and trouble, and after discussing them he rose to go. When they reached the hall Geraldine met them.

"If you are going to the Landing, I'll come with you," she said. "There are a few things I want from the stores."

"Then if Mr. Allinson will excuse me, I'll let you take him. I have some matters to consider before the mail to-morrow; and waiting while you buy millinery is a tedious business."

Frobisher shook hands with Andrew cordially.