"If you flatter me by regarding my departure as one catastrophe, what is the other?" she asked. "What has happened? Is it something to do with O'Connor?"

"Well, it's all part of the same thing, I suppose," he said. "I had almost forgotten O'Connor, though, since Gunterson drove him out of my head."

"Who or what is Gunterson, please?"

Smith told her.

"If O'Connor can get the Eastern Conference to put through a separation rule now, we're absolutely helpless," he concluded. "Gunterson wouldn't have the vaguest idea of what to do—and wouldn't let any one else tell him. I can pretty nearly see the Guardian, under Samuel Gunterson's suicidal direction, setting sail with all flags flying, and heading straight for the bottom of the sea."

Helen could think of nothing to say.

"And you are leaving for Boston!" Smith added. "Well, it looks to me as though I might be out of a job before long, and perhaps I'll come up to Boston and strike your Uncle Silas for one. I think Mr. Osgood always rather liked me. And Boston's a pretty good town—or will be after next week."

He spoke a little bitterly, for it seemed that the possibility he mentioned was perhaps not so remote, after all. Even if the Guardian survived the staggering load of its Vice-President, he felt that he could not serve very long under such a man as Gunterson. And if such a thing should come to pass, he would be in no position to hope as he was now hoping, or to dream as he was now dreaming. Yet, after all, no wall that was ever built can shut out dreams.

CHAPTER XIV

The second day of January, 1913, was marked by the installation of Samuel Gunterson as underwriting head of the Guardian and by the announcement of a radical separation rule by the combined companies of the Eastern Conference. Each was likely to have a far-reaching effect.