"I wonder how Porter came to miss them," said Fenton, grimly. "You'd better keep them as souvenirs of the occasion. The engraving isn't bad. I turn up this way." They paused at the corner. He still carried his bundle and he drew from his pocket now a number of documents in manila jackets.

"I have a little errand at the Federal Court." They stood by a letter box and the cars of the Traction Company wheezed and clanged up Varney Street past them.

"The fact is," he said, "that Mr. Porter owns all of the bonds of the Traction Company."

Saxton nodded. He understood now why the stockholders' meeting had not disturbed Fenton.

"This is an ugly mess," the lawyer continued. "It would have suited me better to control the company through the stock so long as we had so much, but we didn't quite make it. You're friendly to Mr. Porter, aren't you?"

"Yes; I don't know how he feels toward me—"

"We can't ask him just now, so we'll take it for granted. The court will unquestionably appoint a receiver, independent of this morning's proceedings, and if you don't mind, I'll ask to have you put in temporarily, or until we can learn Mr. Porter's wishes."

"But—there are other and better men—"

"Very likely; but I particularly wish this."