"The trouble is that you may not be able to wait," said Gerald coolly. "If you will read this letter, you will understand, though I'm not sure it will be a surprise to you."

He gave Davies the letter demanding payment of his debt, and the broker saw that he was shrewder than he thought. As a matter of fact, Davies had been in communication with the other creditors.

"Well," he remarked, "you certainly seem to be awkwardly fixed."

"I am; but I suspect the situation's as awkward for you. This leads me to think you'll see the necessity for helping me out of the hole. If these fellows come down on me, their first move will be to try to seize my land, and you'll have to produce your mortgage. This will make trouble at Allenwood."

Davies pondered. Though he had long been scheming for a hold on Allenwood, his position was not very strong yet. He had spent a good deal of money over his plans and, although he was sure of getting it back, if he were forced into premature action he would fail in the object he aimed at. It might accordingly be worth while to spend a further sum. On the other hand, money was getting scarce with him. Wheat was falling, trade was slack, and land, in which he had invested his capital, was difficult to sell. Still, it was undesirable to spoil a promising scheme for the sake of avoiding a moderate risk.

"I understand your father's unable to pay the debt for you," he said.

"Yes; he'd probably disown me if he heard of it. I don't expect this to interest you, but some of his neighbors have money, and when they saw the settlement was threatened they'd raise a fund to buy you out. You might, of course, make them wait, but if they were ready to find the cash, you'd have to give up your mortgages when they fell due."

"If these men are so rich, why don't you ask them to lend you the money?"

"Because I've bled them as much as they will stand, and they'd think the matter serious enough to hold a council about. This would have the result I've just indicated. I think you see now that you had better help me to settle my most pressing claims."

Davies regarded him with a grim smile.