'There is a certain amount of truth in that; nevertheless, I do not see how we are to go on with our company unless suit for libel is at least begun.'

Before John could reply there was a knock at the door, and the clerk entered with a letter in his hand which had just come in. Kenyon tore it open, read it, and then tossed it across the table to Wentworth. Wentworth saw the name of their firm of solicitors at the top of the letter-paper. Then he read:

'DEAR SIR,

'You have doubtless seen the article in the Financial Field of this morning, referring to the Canadian Mica Mining Company. We should be pleased to know what action you intend to take in the matter. We may say that, in justice to our reputation, we can no longer represent your company unless a suit is brought against the paper which contains the article.

'Yours truly,
'W. HAWK.'

Wentworth laughed with a certain bitterness.

'Well,' he said, 'if it has come to such a pass that Hawk fears for his reputation, the sooner we begin a libel suit against the paper the better!'

'Perhaps,' said John, with a look of agony on his face, 'you will tell me where the money is to come from. The moment we get into the Law Courts money will simply flow like water, and doubtless the Financial Field has plenty of it. It will add to their reputation, and they will make a boast that they are fighting the battle of the investor in London. Everything is grist that comes to their mill. Meanwhile, we shall be paying out money, or we shall be at a tremendous disadvantage, and the result of it all will probably be a disagreement of the jury and practical ruin for us. You see, I have no witnesses.'

'Yes, but what about the mine? How can we go on without vindicating ourselves?'

Before anything further could be said, young Mr. Longworth came in, looking as cool, calm, and unruffled as if there were no such things in the world as financial newspapers.