"Do you think there's any chance of his financing the thing?"

"I haven't the slightest idea of what he might do. Especially"—he hesitated—"as you never have had any loans from his people—I understand—"

"No," said Neergard; "I haven't."

"It's rather out of their usual, I believe—"

"So they say. But Long Island acreage needn't beg favours now. That's all over, Captain Selwyn. Fane, Harmon & Co. know that; Mr. Gerard ought to know it, too."

Selwyn looked troubled. "Shall I consult Mr. Gerard?" he repeated. "I should like to if you have no objection."

Neergard's small, close-set eyes were focused on a spot just beyond Selwyn's left shoulder.

"Suppose you sound him," he suggested, "in strictest—"

"Naturally," cut in Selwyn dryly; and turning to his littered desk, opened the first letter his hand encountered. Now that his head was turned, Neergard looked full at the back of his neck for a long minute, then went out silently.