"You have an order on me to deliver certain stocks I hold for Miss Charters?"

"I have."

"Well, Miss Charters has changed her mind," said Garraboy, letting his glance rest on Beecher with the vacant, impudent stare of which he was master.

"You have seen Miss Charters?" said Beecher, growing very angry.

"I have; and when I explained to her that she had been unduly excited by some one who evidently is not aware that there are laws in civilized countries adequate to deal with those who attack the reputations or interests—"

"Sir!" exclaimed Beecher, moving so quickly toward the rail that Garraboy hastily retreated.

"When Miss Charters learned that, and likewise that she had parted with stocks worth considerably over twenty thousand dollars, she changed her mind very quickly."

"Mr. Garraboy," said Gunther abruptly, "all this is not to the point. We have a formal order on you for certain stocks. Ted, present it."

"True, I forgot," said Garraboy, and produced from his coat a letter, which he looked over with nonchalant delay and finally handed to Beecher. "I presume you are acting from altruistic motives and are not standing on technicalities. Here is a little note which Miss Charters requested me to give you."

"That has nothing to do with it," said Gunther at once, for the personality of the broker aroused the pugnacious side of him. "Your transaction has been closed. Get your stocks."