“Didn’t you mention that locality?”

“I said the plains.”

“Then I beg pardon—this romance of the plains——”

“Now, stop a moment, Nicholson; just stop where you are. Do you see what a blunder you’ve made? For your own purpose, whatever it may be, you have been pretending that this human document of mine, as you call it, is a myth. Yet, in the calm and choice language with which you are describing it, you have suddenly given yourself away. You know the mine was in the Black Hills, and, of course, I knew you knew from the very first. Now, let us quit sparring. I asked you what your terms were. I am not using threats at all. I am merely trying to come to an arrangement. Suppose, on the third attack, you succeed in driving me to the wall. What good will it do you?”

“None at all, Mr. Steele, and I assure you I have not the least desire to interfere even in the remotest degree with your affairs. You evidently attribute to me more-power than I possess. The undertakings of our association are all matters of mutual arrangement between the directors, of whom I happen to be one. We meet each day at eleven o’clock, and I trust you will believe me when I say that if I proposed to my colleagues either the robbery or murder of Mr. John Steele, I should be very promptly asked to resign my position, and deservedly so. Really, Mr. Steele, if I may make an appeal to your own common sense, you must admit that the building up of the prestige of this company, its successful carrying on, its increase of business in all parts of the world, are not accomplished by such bizarre devices as you ascribe to us.”

“Do you mean to say that you did not, in my own presence, attempt to wreck the Consolidated Beet Sugar Company when you thought I would be ruined by it, and immediately go to allotment when you learned I had escaped the trap?”

“I am very glad you mentioned that, Mr. Steele, because a few simple words will show you that I am not the Machiavelli you suppose me to be. To wreck you I should have been compelled to wreck ourselves to at least an equal amount, and it is not the custom of Amalgamated Soap to purchase revenge at so excessive a price. It is one of our principles never to enter into any company put before the public unless the capital is fully subscribed. To my surprise I learned that we were a million short, therefore I could not agree to go to allotment.”

“But you went to allotment all the same when you learned I was out.”

“Pardon me, it was not learning that you were out of it which caused me to change my mind. It was knowing you had sent a letter to the papers informing the public that we were interested in the Consolidated Beet Sugar Company. The moment our good name was involved I proposed going to allotment; but before doing so I myself drew my cheque for a million dollars and bought the unsold shares. Your being in or out of the Company had nothing to do with my action.”

“You will not come to terms, then?”