The reports of an expert as to the road's physical condition had been reassuring, on the whole, and a thorough audit had placed Kirkwood in possession of all the facts as to the property and its possibilities. Some of the most prominent men in the State had been stockholders in the Sanford Construction Company. Samuel Holton had enrolled in that corporation his particular intimates, who had expected him to "take care of them" as he was in the habit of doing. The list included several former state officials and the benevolent bosses who manipulated the legislature by a perfectly adjusted bi-partisan mechanism. It was with a disagreeable shock that they found that Samuel had departed this life, leaving them to bear the burden of his iniquities.

Tom Kirkwood had assembled these gentlemen in the inner room of Wright and Fitch's offices and laid the incontrovertible figures before them, with an alternative that they return their respective shares of the plunder or answer to an action at law. Kirkwood was an absurd person. It was politely suggested that it would be much to his advantage to allow the Sycamore Company to take its course through the courts, under a receiver friendly to the stockholders of the Sanford Construction Company. Kirkwood was informed that things had always been done that way; but, having no political ambitions or ties, he was little impressed. It seemed to the business politicians weakminded for a man who had "pull" enough to secure employment from one of the most powerful trust companies on the continent to refuse to listen to "reason." It was almost incredible that he should be trying to save the road instead of wrecking it, when there was no money to be made out of saving a trolley line that had been marked for destruction from the day its first tie was laid. Kirkwood smiled coldly upon them and their attorneys when they passed from persuasions to threats. It was difficult to find an effective club to use on a man who was so unreasonable as to threaten them with the long arm of the grand jury. The most minute scrutiny of Kirkwood's private life failed to disclose anything that might be used to frighten him.

It had seemed to Kirkwood that the beneficiaries of the construction company should pay into the Sycamore treasury enough money to repair the losses occasioned by dishonest work. Interest on the Sycamore bonds was due the 1st of April. The November payment had been made with money advanced by half a dozen country banks through negotiations conducted by William Holton. On the day that Jack Holton was persuading Alec Waterman to thrust himself forward as the people's protagonist, Kirkwood was tightening the screws on the construction company. If the sum he demanded was not paid by the 1st of April, he assured Samuel Holton's former allies that criminal proceedings would be instituted. As one of the construction crowd was just then much in the newspapers as a probable nominee for a state office, Kirkwood's determination to force a settlement on his own terms was dismaying. The bi-partisan bosses had figured altogether too much in the newspapers, and it was not pleasant to contemplate the opening of the books of the company to public gaze.

March prepared to go out like a lion in Montgomery that year. While Alec Waterman was pondering his duty to the public as brought to his attention by Jack Holton, Fate seemed to take charge of his affairs. On March 28 the whistle of the Sugar Creek Furniture Company failed to rouse the town. The Sugar Creek Company, one of the industries that Paul Fosdick had promoted, had seemed to escape the dark fate that had pursued his other projects, so that the abruptness with which it shut down gave the local financial seismograph a severe wrench.

The factory had been one of the largest employers of labor in Montgomery, and its suspension was reported to be due to the refusal of the First National to advance money for its next maturing weekly pay-roll. To several of the workingmen who consulted Waterman about their claims, he broached the matter of a mass meeting in the circuit courtroom to discuss the business conditions of Montgomery. Two hundred men and boys were thrown out of work by the failure of the furniture company; rumors as to the relations between the company and the First National caused the stability of the Holton bank to be debated guardedly; and April 1st was fixed definitely in the minds of the Main Street gossips as the date for drastic action in Sycamore matters.


Mr. Amzi Montgomery's frequent absences in Indianapolis had occasioned comment of late. He returned, however, on the evening of the 28th, and before the "Bank Open" side of the battered tin sign was presented to Main Street on the morning of the 29th, a number of citizens had called to ask his opinion of the local financial conditions. He answered their anxious inquiries with his habitual nonchalance, leaning against the counter, with his cigar at an angle that testified to unruffled serenity and perfect peace with the world. Amzi had brought home from the capital a new standing collar, taller than he was in the habit of wearing, and from its deep recesses his countenance appeared more than usually chaste and demure. The collar, a dashing bow tie, and a speckled waistcoat that was the most daring expression of sartorial art available at the capital, gave to Amzi an air of uncommon jauntiness.

"What about this, Amzi? Is the whole town going to smash?" asked Judge Walters.

"Nope. Worst's over. Nothing to worry about."

"I've got to appoint a receiver for the furniture company in a few minutes. I hope I'm not going to have to run the whole town through my court."