“Well, there's Jim,” Joe suggested.

“All right—I'll consider Jim.”

That was about the end of the interview, and within twenty-four hours Joe, Jack, and Jim had received the pledge they required. The charter went through with scarcely a murmur of dissent. The appointments were duly made according to the plans of McCarthy.

“It's a pity we had to have those fellows,” I remarked.

“Oh, they won't like the job,” said he, with a laugh.

We were at the first meeting of the board. Every member was present. The president rapped for order and said:

“Gentlemen, we have secured our charter, and now we have other important work to do. First, it is my duty to inform you that we have need of money and not a dollar in the treasury. I suggest that each member of this board lend the sum of ten thousand dollars to the enterprise, to provide a fund for preliminary expenses, and shall be glad to know your pleasure.”

A motion was promptly made and carried, with only three dissenting votes, which called for that sum from each. The dissenting votes were those of Joe, Jack, and Jim. Joe rose, and protested with some feeling.

“Of course, if any member finds it a hardship,” said the president, “he is at liberty to resign, but I trust that all are able to meet the requirements. The money is likely to be returned within a year from date.”

“It looks as if I were left at the pole,” said Joe, as he sat down.