The confidential clerk heard with regret next morning by telephone of the misadventure that had befallen his master; but he was a man of well-founded confidence in himself; he had now for five years past conducted the major part of Mr. Clutterbuck's affairs, under his superior's immediate direction, it is true, and his proficiency had earned him a high and increasing salary. Save for an active anxiety as to Mr. Clutterbuck's ultimate recovery, the terms of his will, and other matters naturally falling within his province, he knew that he had all the instructions and powers upon which to act during the next few days.

He spent the first of those days in visiting, in company with his second cousin Hyacinth, the charming old town of Rye; the second, which was also the first of Mr. Clutterbuck's delirium, he occupied in perusing and digesting at length the detailed instructions which had been left in his hands.

With the fact that a large investment must of necessity be made in a few days he was already familiar: his master had sold out and had placed to his current account at Parr's the important sum destined to meet it. But he was necessarily in ignorance of the precise security in which that sum was to be placed, for Mr. Clutterbuck had come to his final determination but a little while before his illness had struck him.

The instructions would, he knew, contain his orders in every particular, and it was mainly with the object of discovering what he was to do in this chief matter that he studied the lines before him.

The directions given covered a multitude of points; they concerned the buying and selling of a certain number of small stocks, especially the realisation of certain Siberian Copper shares, which still stood high, but which Mr. Clutterbuck, having heard upon the best authority that the copper was entirely exhausted, had determined to convey to some other gentleman before the general public should acquire, through the Press, information which he had obtained at no small expense in advance of the correspondents.

There followed several paragraphs relative to the installation of certain improvements in the office, upon which Mr. Clutterbuck was curiously eager; next, in quite a brief but equally clear passage, was the order—if the merchant were not himself able to attend to the matter by the 25th at latest—to take up 15,000 shares in the Muntsar issue; an investment, the instructions added, on which the fullest particulars would be afforded him, if he were in any doubt, by Messrs. Barnett and Sons.

The Confidential Clerk was in very considerable doubt. The word as it stood was meaningless. He sent for Miss Pugh, the shorthand writer, and her notes; they appeared together with hauteur, and the Confidential Clerk, who in humbler days had done his 120 words a minute, carefully examined the outline. It was not very neat, but there was the "Mntsor" right enough. He complained of the vowels, and received from Miss Pugh, whom he openly admired, so sharp a reprimand as silenced him.... Yet his experience assured him that "Mnt" was not an English form. He began to experiment with the vowels. He tried "e" and "a" and made Muntusare, which was nonsense; then he tried "a" and "u"; then "a" and "e"; and suddenly he saw it.

In a flash he remembered a friend of his who was employed in the offices of a syndicate; he should surely have guessed! Manatasara!

More than once that friend had hinted at the advantage of "setting the ball rolling." More than once had he spoken in flattery of the Confidential Clerk's ascendency over his master and with unmerited contempt of that master's initiative.... He had even let it be known that the introduction of Mr. Clutterbuck's name alone would be regarded with substantial gratitude by Mr. Hatton.... The more he thought of it the more he was determined that Manatasara was the word ... and he needed no help from Barnett and Sons now.