“Exactly!”

“What are we going to do about the Vose line?”

“Let it compete, sir. We can kill it in the end.”

“Possibly—probably. But that plan will not serve, Mr. Fogg.”

“It's business.”

“But it is not finance. I'm looking at this proposition solely as a financier, Mr. Fogg. I hardly know one end of a steamboat from the other. I'm not interested in rate-cutting problems. I don't know how long it would take to put the Vose line under. But I do know this, as a financier, handling a big deal, that the Paramount stock will not appeal to investors or the bonds to banks unless we can launch our project as a clean, perfect combination, every transportation charter locked up. I handle money, and I know all of money's timidity and all of money's courage. You think the Vose directors are able to hold their stockholders in line, do you?”

Mr. Fogg uncrossed his legs, put both feet on the floor, hooked his hands across his paunch, and gazed up at the ceiling, evidently pondering profoundly.

“I repeat, I'm not viewing this thing as a steamboating proposition, not figuring what kind of tariffs will kill competition,” stated Mr. Marston. “I'm not estimating what kind of tariffs will make a profit for the Paramount. I'd as soon sell sugar over the counter. My associates expect me to make money for them in another way—make it in big lumps and on a quick turn. The Vose line, competing, kills us from the financial viewpoint.”

“Exactly.”

There was silence in the room for some time.