Applause and cheers greeted this reply. Men looked at each other and grinned, as much as to say, "Alec knows his business." In Phil's immediate vicinity a number of young men, lost in admiration of her temerity, and not without chivalrous instincts, jeered the orator's reply. In the middle of the room Fred Holton, who had gone to the meeting with some of his farmer neighbors that he met in Main Street, turned at the sound of Phil's voice. Before Waterman, luxuriating in his applause, could resume, Fred was on his feet.

"As this was called as a meeting of citizens, I have a right to be here. We have listened for nearly an hour to a speech that has made nothing any clearer—that has, in fact, gone all round the pump without finding the handle. It's time we knew what it is the speaker wants done; it's time he came to the point and named these men who have robbed their friends and neighbors. Let's have the names right now before we go any further."

"Who's that talking? Put him out!"

The meeting was in disorder, and a dozen men were trying to talk. Waterman, smiling patiently, rapped with the official gavel that Judge Walters wielded when counsel, in the heat of argument, transcended the bounds of propriety.

"It's Fred Holton," bellowed some one.

Waterman smiled in quiet scorn. He had recognized Fred Holton and was ready with his answer. One of his friends who had pushed through the crowd whispered in his ear.

"My friends," he began, in the indulgent tone of a grieved parent, "the gentleman who spoke a moment ago was quite right in remarking that this is a meeting of citizens. No one denies his right to speak or to interrupt other speakers if such be his idea of courtesy. But he will pardon me for suggesting that it is remarkable that he of all men should interrupt our friendly conference here and demand that names be mentioned, when, prompted by a sense of delicacy, I have refrained from mentioning his own name in this unpleasant connection. It's a name that has been identified far too closely with the affairs of this town. I should like to know how a member of the Holton family dare come to this meeting, when the suspension of one of our chief industries and the embarrassments of the Sycamore Traction Company are directly attributable to the family of which this young gentleman is a member. And while we sit here in conference, there are grave rumors afloat that we are threatened with even more serious difficulties. Within a few minutes word has reached me that a run is in progress upon certain of our banks." (There was a commotion throughout the room, and those near the doors were already pushing toward the street.)

"I beg of you, be not hasty; the hour calls for wise counsel—"

The shuffling of feet and overturning of chairs deadened the remainder of his speech.

Phil escaped quickly from the court-house, and seeing the throng in Main Street began a detour to reach Montgomery's Bank. Fred caught up with her and begged her to go home.