Perfectly well Mr. Asherill understood the reason of this suggestion, and for one moment he hesitated whether he should not charter a cab to the City and tell Mr. Witney the literal truth, namely, that he generally travelled to and from his snug villa residence viâ the North London Railway.

But immediately he decided to face the difficulty. Sooner or later his fellow Christian was certain to question him about Mortomley, and the sooner he did so, the less difficulty there might be in answering his inquiries.

"I was very much surprised to see in the 'Times' this morning that Mr. Mortomley had gone into liquidation," began Mr. Witney.

"Sad affair, is it not?" said Mr. Asherill, feeling his way.

"It is sad for us. We are creditors, as of course you are aware."

"I have been given to understand as much, but I am glad to know that you are not creditors for any large amount, that is, I mean for anything serious. A few thousands is of course a bagatelle, to a great concern like the General Chemical Company."

"Humph!" ejaculated Mr. Witney. He did not care to say the loss if total would mean half dividend or none at all, and yet still he was too much exercised in spirit to be able to remain silent under the grievance. "One does not like to lose even a comparatively small sum," he observed at length.

"That is quite true," agreed Mr. Asherill, casting about in his own mind to find the real reason why Forde, Werner, and Kleinwort had all been so desirous to keep Mortomley on his feet.

According to Mr. Witney, the state of whose feelings Mr. Asherill read like a book, the colour-maker did not owe the Company such an amount as to warrant the fuss made over and the anxiety exhibited about his affairs.

"What is your opinion on the subject of dividend?" asked Mr. Witney after a pause.