“Very well, Mr. Dunbar. What can I do for you?”

Dunbar fixed him with shrewd, light eyes, and bent forward.

“Have you had any trouble in your mill, Mr. Spencer?”

“None whatever.”

“Are you taking any measures to prevent trouble?”

“I had expected to. Not that I fear anything, but of course no one can tell. We have barely commenced to get lined up for our new work.”

“May I ask the nature of the precautions?”

Clayton told him, with an uneasy feeling that Mr. Dunbar was finding them childish and inefficient.

“Exactly,” said his visitor. “And well enough as far as they go. They don't go far enough. The trouble with you manufacturers is that you only recognize one sort of trouble, and that's a strike. I suppose you know that the Kaiser has said, if we enter the war, that he need not send an army here at all. That his army is here already, armed and equipped.”

“Bravado,” said Clayton.