Cartwright had read the morning's letters and the Journal of Commerce, and finding nothing important, turned his revolving chair to the fire. He had been forced to wait for a train at a draughty station, and his feet were cold. His office occupied an upper floor of an old-fashioned building near the docks. Fog from the river rolled up the street and the windows were grimed by soot, but Cartwright had not turned on the electric light. The fire snapped cheerfully, and he lighted his pipe and looked about.
The furniture was shabby, the carpet was getting threadbare, and some of the glass in the partition that cut off the clerks' office was cracked. Cartwright had thought about modernizing and decorating the rooms, but to do the thing properly would cost five hundred pounds, and money was scarce. Besides, a number of the merchants who shipped goods by his boats were conservative and rather approved his keeping the parsimonious rules of the old school.
The house was old and had been at one time rich and powerful. Cartwright's father, however, had used sailing ships too long, and Cartwright's speculations and extravagance when he took control had not mended its fortunes. Then had come a number of lean years when few shipping companies earned a dividend and the line's capital steadily melted. Now the shareholders were not numerous and the ships were small.
Cartwright glanced at the pictures in tarnished gold frames. Oreana, drawn plunging across an Atlantic comber, was the best of the fleet, but her engineer had for some time demanded new boilers. Since the reserve fund was low and other boats needed expensive repairs, Cartwright resolved to wait. He had bought Melphomene, above the fireplace, very cheap; but her engines were clumsy compounds and she cost much to coal. Still she was fast, and now and then got a paying load by reaching a port where freights were high before the Conference found out that Cartwright meant to cut the rates.
Titania, with the white deckhouse and shade-deck, carried a good load on a light draught, and sometimes picked up a profitable cargo in shallow African lagoons. When he glanced at her picture Cartwright's look got thoughtful. She was one of two sister ships, launched at a famous yard, and Cartwright had wanted both, but the builders demanded terms of payment he could not meet, and another company had bought the vessel. She was wrecked soon afterwards, and now lay buried in the sand by an African river bar. The salvage company had given up their efforts to float her, but Cartwright imagined she could be floated if one were willing to run a risk. But no one, it seemed was willing. On the failure of the salvage company the underwriters had put the steamer into the hands of Messrs. Bull and Morse, a firm of Ship Brokers and Marine Auctioneers, but at the public auction no bids whatever had been made. Subsequently advertisements appeared in the shipping papers inviting offers for the ship as she lay and for the salvage of the cargo. These had run for several weeks, but without result. Cartwright had cut them out. Now and then he looked at them and speculated about the undertaking.
By and by the bookkeeper came in and filed some letters. Gavin's hair was going white, and he had been with Cartwright's since he was a boy. He was fat, red-faced, and humorous, although his humor was not refined. Gavin liked to be thought something of a sport, but Cartwright knew he was staunch.
"You imagine Mrs. Seaton will look me up this morning?" Cartwright said presently.
"Yes, sir. She called and demanded to see you. In fact, I think she doubted when I told her you hadn't come back from the North. She said the shareholders' meeting would be soon and she expected you to give a bigger dividend; the Blue Funnel people had paid five per cent. If you didn't return before long, she might run up to Carrock. So I sent the telegram."
Cartwright nodded. He trusted his bookkeeper, who had grounds for imagining it was not altogether desirable Mrs. Seaton should arrive at Carrock.
"Have you heard anything from Manners while I was away?"