"I can only deliver to you our ultimatum, therefore——"

"You are clothed with sovereign powers, then?" the editor asked sarcastically.

"If you choose to designate them so—yes. Unless you agree to drop this dangerous and useless agitation of the negro question and give our people a hearing in the columns of your paper, I am authorized to begin at once the publication of a journal that will express the best sentiment of the South——"

"So?"

"And I have unlimited capital to back it."

Norton's eyes flashed as he squared himself before the professor:

"I've not a doubt of your backing. Start your paper to-morrow if you like. You'll find that it takes more than money to build a great organ of public opinion in the South. I've put my immortal soul into this plant. I'll watch your experiment with interest."

"Thank you! Thank you," the thin voice piped.

"And now that we understand each other," Norton went on, "you've given me the chance to say a few things to you and your associates I've been wanting to express for a long time——"

Norton paused and fixed his visitor with an angry stare: