“You are the cashier,” said Smithers, calmly. “Can you tell me how much the Brandon Bank owes Smithers & Co?”

Philips looked at the other and hesitated.

“Speak!”

“Two hundred and eighty-nine thousand pounds.”

“And if Smithers & Co. chose to demand payment to-morrow, do you think the Brandon Bank would be prompt about it?”

Philips shook his head.

“Then you see that the man whom you fear is not so powerful as some others.”

“I thought you were his friend?”

“Do you know who I am?”

“Smithers & Co.,” said Philips, wearily.