"No," was the astounding reply. "We'll sell 'em first, get the money for 'em, turn it over to Sampson & Company, the syndicate managers, and draw our certificates. That's how it works. Of course if we were a bigger house, better known, it would be easier. But we'll do it—don't you worry—we'll do it!"

"You mean," I groped, "we have to sell something we haven't even in hand and get money for it?"

"That's what it amounts to," he grinned, though less jauntily than before.

I felt myself crumbling to dust.

"Don't sit there like that!" he cried, regarding me as one looks down from the side of a great liner upon a drifting derelict. "Get busy! Get on the telephone and sell some Roumanian bonds!" And he chuckled in his absurd triumphant manner that will one day drive me to desperation. "Begin with your friend Visconti," he suggested. "He seems to have taken a shine to you. Talk to him in Dago."

Many and many a time had I asked myself what I was doing in that particular galley. To enter a new occupation without enthusiasm, for a cloistered monk like myself to go out into the market place as a chafferer and a huckster, among a race I had not even cared to understand, and to embrace their ideals and their career, concerning which I had not even curiosity, had been difficult enough. With the lash of my need I had whipped myself like a flagellant to the daily grind until custom had given it the ungrateful familiarity that the treadmill must have for the mule.

But to embark upon this murky enterprise of Fred's, charged for me with the dread of a hundred lurking pitfalls, into which I should infallibly stumble, charged with the fear of certain failure, all my instincts revolted against it. Nevertheless, like a lost soul, I suffered myself to be driven because I must.

It is to the glory of human nature that there is more of the milk and marrow of human kindness in it than pessimists give it credit for. The excellent Visconti, after listening to me in silence while I lamely and guiltily explained my offer to him, courteously replied in Italian.

"If you recommend them, Signor, I will take them. I cannot take many, but I will take five."

I thanked him as best I could, but I shrank back as under a blow. This man was buying not Roumanian bonds so much as my Word. Besides, though the bonds were right enough, I had nothing to give him and yet I wanted his money. I could not face it, and so I informed my egregious Fred.