“I’m a little troubled about the situation,” he concluded. “The Clermont finances are now on a sound basis, but it might after all prove advantageous to raise further capital, and in such a case we would, perhaps, lie open to attack. Nairn’s inclined to be cryptic in his remarks; but he seems to hint that it would be advisable to make Horsfield some concession—in other words, to buy him off.”

“Which is a course you have objections to?”

“Yes,” said Vane, “very decided ones.”

“I think that, in a general way, Nairn’s advice is sensible. Where mining and other schemes are floated, there are men who make a good living out of the operations. They’re trained to the business; they’ve control of the dollars; and when a new thing’s put on the market, they consider they’ve the first claim on the pickings.”

“You needn’t elaborate the point,” Vane broke in impatiently.

“You made your appearance in this city as a poor and unknown man with a mine to sell,” Carroll went on. “Disregarding tactful hints, you laid down your terms and stuck to them. Launching your venture without considering their views, you did the gentlemen I’ve mentioned out of their accustomed toll, and I’ve no doubt that some of them were indignant. It’s a thing you wouldn’t expect them to sanction. Now, however, one who has probably others behind him is making overtures to you. You ought to consider it a compliment; a recognition of ability. The question is—Do you mean to slight these advances and go on as you have begun?”

“That’s my present intention,” Vane answered.

“Then you needn’t be astonished if you find yourself up against a determined opposition by and by,” said Carroll.

“I think my friends will stand by me.” Vane looked at him steadily.

“Thanks. I’ve merely been pointing out what you may expect, and hinting at the most judicious course—though the latter’s rather against my natural inclinations. I’d better add that I’ve never been particularly prudent, and the opposite policy appeals to me. If we’re forced to clear for action, we’ll nail the flag to the mast.”