The President broke into the discussion.

"They've been uptown managers of the Inland for twenty years. And Snow is a big stockholder in the company. We would be wasting our time to approach them."

There was a hint of contempt in his tone. A man who volunteered helpful advice about a difficult situation without being in possession of the most rudimentary information bearing on it was hardly worthy of serious attention. Perhaps the keen ear of the Vice-President detected this, for he flushed slightly, and was silent for a moment.

"I'll give the matter my attention," he said reassuringly to Cuyler. "I'm a little out of touch with local affairs, but I know plenty of first-rate uptown brokers, and I guess I can locate us to good advantage. I'll see you about it later."

And he made his majestic exit.

The matter being now under his august advisement, it might have been supposed that relief was in sight and a new and desirable connection as good as made. But in less than a week from the time of this conversation Mr. Cuyler again sought the President, and the expression of his face could not have been misinterpreted.

"Well, what's the matter now?" Mr. Wintermuth inquired, as the local underwriter seated himself.

"Who do you think is gone now?" said Cuyler, abruptly.

"Who?" demanded his superior officer.

"Jenkinson—and Hammond, Dow, and Company."