Thomas Woodford was a powerfully built man—big, and muscular as an ox. He was about forty, a man of property, and a cattle-shipper known through the whole country as a daring speculator of almost phenomenal success. His plans were often gigantic, and his very rashness seemed to be the means by which good fortune heaped its favors upon him. He was in good humor this morning. The reports from the foreign markets were favorable, and indications seemed to insure the probability of a decidedly substantial advance at home. He put his big hand upon Harris's arm and fairly led him down the platform. "What is up, Billy?" he asked, lowering his voice.

"In my opinion," answered Harris, "the big combine among the exporters is going to burst and go up higher than Gilderoy's kite, and if we can get over to New York in time, we will have the world by the tail."

"Holy-head-of-the-church!" exclaimed the cattle-shipper, dropping his hands. "It will be every man for himself, and they will have to pay whatever we ask. But we must get over there this week. Next week everything that wears hoofs will be dumped into Jersey City. Come over to the hotel and let us hold a council of war."

The two men crossed the railroad track and entered the little eating-house which bore the high-sounding and euphonious title of "Hotel Holloway." They went directly up the steps and into a small room in the front of the building overlooking the railroad. Here Woodford locked the door, pulled off his coat, and took a large chew of tobacco. It was his way of preparing to wrestle with an emergency—a kind of mechanical means of forcing his faculties to a focus.

"Now, Billy," he said, "how is the best way to begin?"

Harris drew up his chair beside the bed on which his companion had seated himself.

"The situation is in this kind of shape," he began.

"The exporters have all the ships chartered and expect Ball & Holstein to furnish the cattle for next week's shipments. I believe that old Ball will kick out of the combine and tell the other exporters in the trust that they may go to the devil for their cattle. You know what kind of a panic this will cause. The space on the boats has been chartered and paid for, and it would be a great loss to let it stand empty. Nor could they ship the common stock on the market. All these men have foreign contracts, made in advance and calling for certain heavy grades of stock, and they are under contract to furnish a certain specified number of bullocks each week. They formed the combine in order to avoid difficulties, and have depended on a pool of all the stock contracted for by the several firms, out of which they could fill their boats when the supply should happen to be short or the market temporarily high. The foreign market is rising, and the old man is dead sure to hold on to the good thing in his clutches. I was so firmly convinced that the combine was going to pieces that I at once jumped on the first train west and hurried here to see you. The exporters must fill their contracts no matter what happens. If old Ball kicks over, as he is sure to do, the market will sail against the sky. We will have them on the hip if we can get the export cattle into New York, but we have no time to lose. These cattle must be bought to-day, and carred here to-morrow. Do you understand me?"

"Yes," said the cattle-shipper, striking his clenched right hand into the palm of his left. "It is going to be quick work, but we can do it or my name is not Woodford."

"We must have at least twelve carloads of big export cattle," continued Harris. "Not one to weigh less than sixteen hundred pounds. They must be good. Now, where can you get them quickest?"