"I know he will not."

"Why?"

"Because it is worth much more than you offered."

"Shall you advise him to refuse my offer?"

"Yes, sir."

"That is frank. I suppose you heard me say to Mr. Grote that the output had increased?"

"Yes, sir."

"And naturally you concluded that it is worth more than I offered. But there is another side to the question—expenses have increased, too. It is harder to work. Would you like to visit the mine and see for yourself?"

"Yes, sir," said Gerald, promptly.

Hawk's eyes lighted up with satisfaction.