He turned his swollen, bloody face to Dave's, and hatred stood up in his eyes as he uttered the threat. "I'll hit you, Dave," he repeated, "where you can't hit back."

"Thanks for the warning," said Elden. "So Irene Hardy is to be the stake. All right; I'll sit in. And I'll win."

"You'll think you've won," returned Conward, leeringly. "And then you'll find out that you didn't. I'll present her to you, Dave, like that." He lifted a burnt match from an ash tray and held it before him.

Dave's impulse was to seize the thick, flabby throat in his hands and choke it lifeless. With a resolute effort he turned to the telephone and lifted the receiver.

"Send a car and a doctor to Conward & Elden's office," he said, when he had got the desired number. "Mr. Conward has been hurt; fell against a desk, or something. Nothing serious, but may need a stitch or two." Then, turning to Conward, "It will depend on you whether this affair gets to the public. On you, and Miss Wardin. Make your own explanations. And as soon as you are able to be about our partnership will be dissolved."

Conward was ready enough to adopt Dave's suggestion that their quarrel should not come to the notice of the public, and Gladys Wardin apparently kept her own counsel in the matter. In a time when firms were going out of business without even the formality of an assignment, and others were being absorbed by their competitors, the dissolution of the Conward & Elden establishment occasioned no more than passing notice. The explanation, "for business reasons," given to the newspapers, seemed sufficient. Some few may have had surmises, but they said nothing openly. Bert Morrison, for example, meeting Dave in the street, congratulated him upon the change. "I knew you would find him out some day;" she said. "Find what out?" Dave questioned, with feigned surprise. "Oh, nothing," was her enigmatic answer, as she changed the subject.

Irene Hardy found herself in a position of increasing delicacy. Since the day of their conversation in the tea-room Dave had been constant in his attentions, but, true to his ultimatum, had uttered no word that could in any way be construed to be more or less than Platonic. His attitude vexed and pleased her. She was vexed that he should leave her in a position where she must humiliate herself by taking the initiative; she was pleased with his strength, with his daring, with the superb self-control with which he carried out a difficult purpose. Just how difficult was that purpose Irene was now experiencing in her own person. She had now no doubt that she felt for Dave that attachment without which ceremonies are without avail, and with which ceremonies are but ceremonies. And yet she shrank from surrender.… And she knew that some day she must surrender.

The situation was complicated by conditions which involved her mother—and Conward. Mrs. Hardy had never allowed herself to become reconciled to Dave Elden. She refused to abandon her preconceived ideas of the vulgarity which through life must accompany one born to the lowly status of cow puncher. The fact that Dave, neither in manner nor mind, gave any hint of that vulgarity which she chose to associate with his early occupation, did not in the least ameliorate her aversion. Mrs. Hardy, without knowing it, was as much a devotee of caste as any Oriental. And Dave was born out of the caste. Nothing could alter that fact. His assumption of the manners of a gentleman merely aggravated his offence.

It was also apparent that Conward's friendship for Mrs. Hardy did not react to Dave's advantage. Conward was careful to drop no word in Irene's hearing that could be taken as a direct reflection upon Dave, but she was conscious of an influence, a magnetism, it almost seemed, the whole tendency of which was to pull her away from Elden. She knew there had been trouble between the two men, and that their formal courtesy, when they met at her mother's house, was formal only; but neither admitted her into the secret. Dave did not venture to speak of the quarrel and Conward's threat, partly from a sense of delicacy; partly from a curiously strained point of honour that that would be taking an unfair advantage of Conward; but most, perhaps, because of his complete assurance that Conward would never be able to carry his threat into effect. He had absolutely no misgivings on that score. Conward, on the other hand, knew that his standing with Irene would not, as yet, justify him in playing any trump card. He realized that the girl's affections were placed on Elden, but he trusted, by winning for himself an intimate position in the family, to grow gradually into more favourable relationship with her. Conward had a manner, a mildness of voice, a confidential note in his words, which had not failed him on previous occasions, and although he now stalked bigger game than ever before he had no serious doubt of ultimate success. As for Irene, a certain aversion which she had felt for Conward at first did disappear under the influence of his presence in the household and the courteous attentions, which, although directed to her mother, were in some degree reflected upon herself.

It would not be true to say that Irene's acquaintance with Conward made it more difficult for her to accept the terms of Dave's ultimatum. She regarded the two men from a totally different point of view, and there seemed no reason why her vision of one should in any way obscure her vision of the other. One was merely a friend of the family, to be treated on grounds of cordial good-fellowship; the other was her prospective husband. It was no consideration for Conward that sealed her lips. There was another matter, however, which bore heavily upon her pride, and strewed her path with difficulties.