“One misunderstanding has, however, been happily dispelled,” said the Frenchman, “by our friend—if monsieur will permit the word—our friend, Mr. Cornish. From this gentleman we have learned that the executive of the Malgamite Charity are not by any means in harmony with the executive of the malgamite works at Scheveningen; that, indeed, the charity repudiates the action of its servants in manufacturing malgamite by a dangerous process tacitly and humanely set aside by makers up to this time; that the administrators of the fund are no party to the 'corner' which has been established in the product; do not desire to secure a monopoly, and disapprove of the sale of malgamite at a price which has already closed one or two of the smaller mills, and is paralyzing the paper trade of the world.”

The speaker finished with a bow towards Cornish, and resumed his seat. All were watching Lord Ferriby's face, except Major White, who examined a quill pen with short-sighted absorption. Lord Ferriby looked across the table at Cornish.

“Lord Ferriby,” said Cornish, without rising from his seat, and meeting his uncle's glance steadily, “will now no doubt confirm all that Monsieur Creil has said.”

Lord Ferriby had, in truth, come to the meeting with no such intention. He had, with all his vast experience, no knowledge of a purely commercial assembly such as this. His public had hitherto been a drawing-room public. He was accustomed to a flower-decked platform, from which to deliver his flowing periods to the emotional of both sexes. There were no flowers in this room at the Hôtel des Indes, and the men before him were not of the emotional school. They were, on the contrary, plain, hard-headed men of business, who had come from different parts of the world at Cornish's bidding to meet a crisis in a plain, hard-headed way. They had only thoughts of their balance-sheets, and not of the fact that they held in the hollow of their hands the lives of hundreds, nay, of thousands, of men, women, and children. Monsieur Creil alone, the keen-eyed Frenchman, had absolute control of over three thousand employees—married men with children—but he did not think of mentioning the fact. And it is a weight to carry about with one—to go to sleep with and to awake with in the morning—the charge of, say, nine thousand human lives.

For a few moments Lord Ferriby was silent. Cornish watched him across the table. He knew that his uncle was no fool, although his wisdom amounted to little more than the wisdom of the worldly. Would Lord Ferriby recognize the situation in time? There was a wavering look in the great man's eye that made his nephew suddenly anxious. Then Lord Ferriby rose slowly, to make the shortest speech that he had ever made in his life.

“Gentlemen,” he said, “I beg to confirm what has just been said.”

As he sat down again, Cornish gave a sharp sigh of relief. In a moment Mr. Thompson was on his feet, his red face alight with democratic anger.

“This won't do,” he cried. “Let's have done with palavering and talk. Let's get to plain speaking.”

And it was not Lord Ferriby, but Tony Cornish, who rose to meet the attack.

“If you will sit down,” he said, “and keep your temper, you shall have plain speaking, and we can get to business. But if you do neither, I shall turn you out of the room.”