“He’d probably do so, in any case; it’s a gift of his,” said Carroll. “On the other hand, it’s fortunate he has a way of making friends: the two things sometimes go together.”

Vane turned to Nairn with signs of impatience. “It might save trouble if I state that while I’m a director of the Clermont I expect to be content with a fair profit on my stock in the company.”

“He’s modest,” Carroll commented. “What he means is that he doesn’t propose to augment that profit by taking advantage of his position.”

“It’s a creditable idea, though I’m no sure it’s as common as might be desired. While I have to thank ye for it, I would not consider the explanation altogether necessary,” said Nairn, whose eyes twinkled. Then he addressed Vane: “Now we come to another point—the company’s a small one, the mine is doing satisfactorily, and the moment’s favourable for the floating of mineral properties. If we got an option on the half-developed claims near the Clermont and went into the market, it’s likely that an issue of new stock would meet with investors’ favour.”

“I suppose so,” said Vane. “I’ll support such a scheme, when I can see how an increased capital could be used to advantage and I am convinced about the need for a smelter. At present, that’s not the case.”

“I mentioned it as a duty—ye’ll hear more of it; for the rest, I’m inclined to agree with ye,” Nairn replied.

A few minutes later he went into the house with Carroll, and as they entered it he glanced at his companion. “In the present instance, Mr. Vane’s views are sound,” he said. “But I see difficulties before him.”

“So do I. When he grapples with him it will be by a frontal attack.”

“A bit of compromise is judicious now and then.”

“In a general way it’s not likely to appeal to my partner. When he can’t get through by direct means, there’ll be something wrecked. You had better understand what kind of man he is.”