"I don't know if it is usual for a woman to speak at a business meeting, but I have a number of shares in the line and it's long since I got a good dividend," she said. "Two per cent is ridiculous and my lawyer tells me I could get four per cent, where the security is really good." She paused and added naïvely: "To have twice as much to spend would be very nice."

Somebody laughed and Cartwright braced himself. Ellen Seaton was cleverer than she looked, and he thought her dangerous, but in the meantime he durst not stop her.

"One feels that security's important and it's plain ours is not first-class," she resumed. "Well, I suppose if we accept the report, it means we are satisfied to let the company's business be managed on the old plan?"

"It does mean something like that," a man agreed.

"Then I'm not satisfied. For one thing, I want a proper dividend."

"We all want a proper dividend," somebody remarked.

Mrs. Seaton smiled, as if she were encouraged. "To go without is disappointing, but perhaps the dividend is not most important. I'd like to feel my shares were worth the money they cost, and find out they are not. We have drawn on the reserves and I expect this implies we are losing money. You can't go on losing money very long, and we ought to stop while we have some capital left."

A number of the others applauded and she continued: "Our directors have worked very hard. To manage ships that don't pay must be tiring and perhaps we oughtn't to ask them to bear the heavy strain. Could we not choose somebody with fresh ideas to help?"

"That's what we want!" said one. "The Board needs new blood!"

Then the storm broke and for a time Cartwright lost control of the meeting. Mrs. Seaton had loosed passions he might have restrained and the shareholders were frankly moved by fear, distrust, and greed. Men got up, asking angry questions and shouting implications, but for a few minutes Cartwright sat like a rock and let them rage. When they stopped and there was an awkward pause, Mortimer Hyslop got up. He looked languid and his voice was soft, but Cartwright admitted his speech was clever.