Josie was disappointed. Looking at him musingly, she asked:

"Are they making munitions now, at the steel works?"

"Of course; it's practically under government control, they say, but is still operated by the old company. They make shells for the big guns, you know, and they've ten car-loads on hand, just now, ready to be shipped to-morrow."

Josie drew a long breath. This was real news and her active mind jumped to a quick conclusion.

"Are the shells loaded, Joe?" she inquired.

"All ready for war," replied the soldier. "You see, a night watchman in such a place has an important position. I guard those shells by night, and another man does nothing but guard them by day."

"Where are they stored?" was Josie's next question.

"In the room just back of Mr. Colton's office—the big main building."

"So Mr. Colton is still the head of the company?"

"He's Vice-President and General Manager, and he knows the steel and ammunition business from A to Z," asserted Joe Langley. "Mr. Colton represents the government as well as the steel works. The President is Mr. Jaswell, the banker, but he doesn't do anything but attend the Board meetings."