Egbert sighed before answering, a sigh of utter weariness.

"And may I ask if this is the—ah—point?" he inquired.

"Why, yes—I guess so. In a way."

"And you are acting as our young friend's representative? He has seen fit to take you into his confidence concerning a matter which was supposed to be a business secret between—ah—gentlemen?"

"I could see he was in trouble and I offered to do what I could to help. Then he told me the whole thing."

"Indeed? A changeable youth. When I last heard him mention your name it was not—pardon me—in a—shall we say strictly affectionate tone?"

"That so? Too bad. But we are all liable to be mistaken in our judgments. Men—and women, too."

Again there was a slight pause; Egbert was regarding the speaker intently. The latter's countenance was about as expressive as that of a wooden idol, a good-natured one. Mr. Phillips glanced once more at the clock, languidly closed his eyes, opened them, sighed for the third time, and then spoke.

"So I am to understand that our—ah—juvenile acquaintance has turned his business affairs over to you," he said. "I congratulate him, I'm sure. The marked success which you have attained in the—ah—management of—ah—other business affairs has inspired him with perfect trust, doubtless."

"That must be it. The average man has to trust somebody and I gathered that some trusts of his were beginnin' to slip their moorin's. However, here's the situation. You got him to buy some stock on margin. The stock, instead of goin' up, as you prophesied, went down. You suggested his puttin' up more margin. He'd used all his own money, so he used some belonging to some one else. Now he's in trouble, bad trouble. What are you goin' to do about it?"