“I am satisfied that you are Mr. Whitemore’s representative,” he said as he reseated himself at his desk. “Now, young man, we will talk business. Of course you don’t expect me to close with you except at the market price?”

“I expect to settle with you at the price named in the option, less the amount paid to secure it,” said Vance promptly.

“You ought to know that corn is several points above the figure stated in the option. We cannot close on those terms.”

“Do I understand that you refuse to make a settlement of this transaction according to the terms of the option?” asked Vance, rising to his feet.

“Sit down, young man,” said the elevator magnate. “You have the voucher for the option with you, I suppose?”

“Certainly.”

“I should like to see it.”

“You are prepared to redeem the option now, are you?” and Mr. Peabody glanced at the clock, which indicated close on to the noon hour.

“Yes, sir.”

The gentleman considered the matter for several minutes, during which he cast penetrating looks at Vance’s clear-cut, determined face.