Paul shook his head. "I've got to meet my committees, my canvassers. I wouldn't lose this fight now for a thousand pounds."
"It means more than the loss of a thousand pounds, it means the loss of everything!"
"Everything!"
"Yes, everything. Look here, Paul, you know we've kept ourselves hard, and we've overdrawn at the bank, because we felt sure our stuff was going up. Well, it hasn't gone up. There's been a sudden drop in it! Look here." And he showed him that morning's newspaper. Paul looked at his watch. "I must go to these committee meetings," he said.
"But you can't," urged Preston. "I am not strong enough to deal with these things. Only you can get us out of this hole, and I doubt whether it's not too late even now! There's something at the bottom of this, Paul, and you must go into it. There's an enemy in the camp somewhere. There's no reason why our stuff should go down, the demand for it is greater than ever, but somebody's underselling us. Why, it can't be manufactured at the price mentioned there." And he pointed to the paper.
"Very well," said Paul, "you go round to the committee-rooms and tell them I can't be there to-day."
He went towards his office with a great fear in his heart. Before the day was out he realised the truth of Preston's words. He found that, unknown to them, someone else had gained the secret of the special stuff that they had been manufacturing. That, unknown to them, a large amount of it had been placed upon the market, and placed upon it at such a price that even if they sold every piece they manufactured they would have to do so at a very great loss. Indeed, it seemed to him as though ruin stared him in the face! He hurried from Brunford to Manchester, then back again—he went from mill to mill, and had various interviews with the most important people in the town, and everywhere he was met with the same difficulty.
Still, he would not give up the political fight. More than money—honour, life were at stake, and he must carry the thing through.
Three days before the election every voter in the town received, not merely their usual election literature, but an anonymous circular. It made no statements, but asked a series of questions concerning the financial obligations of Messrs. Stepaside and Preston. It showed the most minute knowledge of all Paul's liabilities, of the work he had undertaken, of the position in which he stood. Before the day was out there was not a voter in Brunford but who had read and discussed the circular which had been sent. No libellous statement had been made, and yet a hundred things had been suggested—inability, carelessness, ignorance, fraud, chicanery had all been hinted at, and hinted at cleverly. And yet no word of libel had been used, only the sting of the circular lay in the tail, and it was contained in these words: "Stepaside is the man that controls Stepaside and Preston. Is he the man whom we can trust to represent Brunford?"
A meeting of the general committee was called next night. If anything could be done, it must be done quickly. No one knew who had issued this circular—the name of the printer was not there. It had come by post from London. Who had sent it no one could tell. But here was the fact—its contents were of the most damning nature. It hinted that Paul was on the verge of bankruptcy, and that he owed his position to wild speculation, if not to fraudulent dealings. Paul's face was pale when he met the committee. "I want to face this matter fairly, gentlemen," he said. "You know that it was under pressure that I consented to fight for the seat, and to represent your interests. I did so in good faith. I believed my business was on a sound basis; nevertheless, many things in the circular are true." He then went on to tell how he stood commercially. He described his position in terms with which his hearers were familiar, but which I need not try and reproduce here. Indeed, it will be well that I should not, because the matter is still discussed in the town of Brunford. But he had no difficulty in convincing all present that he had acted honourably, and that an enemy had been at work. Still, what was he to do? He could not deny the statements made, and it was, doubtless, a fact that he stood on the verge of ruin. His supporters, moreover, were mainly of the working class, and the rich men, the employers, were supporters of Mr. Bolitho. Besides, as was natural, the bank which had backed him was anxious concerning the whole matter.