Frobisher looked as if the statement surprised him.

"Then you'd better cut your connection with Rain Bluff before you set off," he advised. "It might prevent some complications. The directors might contend that you were not entitled to undertake private mining operations while you represented the Company and drew its pay."

"I don't think you understand. I mean to hold the claims in my own name, so as to strengthen my position, which will need it. I expect to have serious trouble over the Company's affairs."

Frobisher laughed softly.

"You're no fool! You feel that you undertook to look after the shareholders' interests when you came over, and you have to make good?"

"Yes," Andrew assented; "I feel something of the kind."

"Then we'll assume that you find the lode and that it's as rich as Graham believes—which is taking a good deal for granted. Your shareholders, learning that Rain Bluff is worthless, would probably jump at a proposition that would give them back their money, or even part of it. You could buy them out and afterward repay yourself handsomely by developing the new mine."

Andrew's face hardened.

"When these people gave us their money, they did so expecting to get any profit that could be made. It's their due and, so far, Allinson's has never broken faith with those who trusted it."

Frobisher was not surprised at the answer. There was, he had seen, a clean pride in the man, whom he felt disposed to pity. Allinson had obviously little knowledge of business, and would have to meet the determined opposition of the clever tricksters who had floated the Company. He was entering on a hard fight with unaccustomed weapons. Nevertheless, Frobisher would not venture to predict his defeat. Courage such as Allinson showed often carried one a long way, and he had the right upon his side. Frobisher's business experience had not made him an optimist, but he was prepared to watch this altruistic champion's struggles with friendly interest and to assist him as far as he could.