"But you don't think anyone will buy it?"

"It is hardly likely."

"Then the paper will be on my hands?"

"Yes—on yours and on those of the other bondholders," he admitted regretfully.

"A nice white elephant!" she cried.

His face brightened ever so slightly. "There's just a bare possibility that we can sell it. Even if we got only a fraction of its worth it would be better than nothing at all."

"Of course," she agreed. Her manner seemed to indicate that her thoughts were far away.

"There is a group of men," he continued, "wealthy men, who have talked more or less seriously of purchasing a newspaper that would give voice to the conservative element. They feel that they would be doing a public service in offsetting the demagoguery and sensationalism of most of the popular press. I don't know how serious they are, or how much they are prepared to spend. It's just a possibility. Still...."

"Who are these men?" asked Judith sharply.

"Well, there's Parker Ralston, and Anderson LeGore, and Henry Waring and...."