“It does not signify. I am here”—there was no glimmer of light on the round red countenance to suggest an ulterior meaning—“I am here on a matter of business, in my capacity as acting president of the Drovers’ Bank in Mr. Warrington’s absence. As such, I have to inform you that we stand ready to make you a loan on favorable terms upon the security of The Guardian.”

“Wh-wh-why?” stammered Jeremy, taken wholly aback. “Do you consider the paper a sound risk now?”

“Sufficiently sound.”

“Up to what amount?”

“Any amount you need.”

Jeremy stared at him, unbelieving.

“No security I can furnish now is as good as that which you rejected before.”

“That may very well be true.”

“Yet your offer is still open?”

“It is.”