"You're always full of schemes," replied the other.

"Yes but have they not turned out well?" was the answer.

"Ay, I know," was the reply. "But sometimes I've felt as though we have been walking on eggs. I never thought, twelve months ago, that I should have dared to launch out so! Why, man, think of our liabilities!"

"Yes," replied Paul, "but think of our success, too; think of our assets! As you say, we've had a big year, but we must have a bigger next year, and big years are not got by nibbling at things. We've got this place for three months longer. At the end of that time we must clear out."

"Clear out!"

"Ay, clear out. A hundred looms are no use to us now. We must multiply them by eight."

"Why, Paul, you must be mad!"

"No, I've gone into it all. Mind you, this is no speculation which I have in my mind. It may seem like it, but I have calculated everything to a nicety. I've made inquiries at the bank, and I know to a penny how we stand, and what the bank will back us for. And I've been making inquiries about Thorncliffe Mill."

Preston looked at Paul as though he had doubts about his sanity. "Thorncliffe Mill," he replied. "Why, it's one of the biggest places in Brunford!"

"I mean not only to have one of the biggest places, but the biggest place," said Paul. And although he did not mention the fact to Preston, he knew that his new-found ambition was associated with the meeting of Mr. Bolitho's daughter a year before.