"I want to buy, but it's a small, private company and the people stipulate I must take a large block. I have not enough money."

Cartwright doubted, but her plan was obvious. "When trade is slack, one ought to be careful about investing in a private company that pays eight per cent," he said. "After all, it might be prudent to be satisfied with a small profit."

"But I'm not satisfied and your dividend is remarkably small! Are you really unable to make it larger?"

"One can't pay dividends out of capital. Anyhow, one can't keep it up for long!"

"Then, as I mean to make a plunge, I must sell some of the investments that don't earn me much. My shares in the line carry a good number of votes and, if people grumble at the meeting, would give you some control. Will you buy them, Tom?"

Cartwright knitted his brows. He thought her hint about the shares giving him useful power was significant. In fact, it looked as if somebody had put Ellen on his track. He wondered whether Manners.... But she must not think him disturbed.

"What is your price?" he asked.

"My price?" she said with a puzzled look he thought well done. "Of course, I want the sum the shares stand for."

"I'm sorry it's impossible. Just now the shares of very few shipping companies are worth their face value. For example, five-pound shares in a good line were not long since offered at two pounds ten."

Mrs. Seaton looked disturbed. "That's dreadful!" she exclaimed. "But I'm not rich enough to bear a heavy loss, and if you bought my lot, the voting power would enable you to break the grumblers' opposition. They're worth more to you than anybody else. Can't you help me?"