"I don't think I know your friend," Wilkinson was saying, sotto voce, in Mr. Osgood's ear. Then, as Cole entered, Smith rose to shake hands, and the introduction was made.

"Mr. Smith, General Agent of the Guardian of New York—Mr. Wilkinson."

"Delighted to meet you, Mr. Smith." He turned to the elder man. "Mr. Osgood, I've come to see you on a matter of business—an important matter upon which I wish your advice. And I not only wish it, but I need it, as you will appreciate when I tell you that my occupation for the next few weeks, months, or years—as the case may be—will consist in endeavoring to extort a little money from Mr. John M. Hurd."

Cole coughed.

"A most expressive cough, my dear Benny, and the interpretation is
clearly that there is no innovation about such a battle of wits. But,
Mr. Osgood, there is a difference." He looked inquiringly at Cole.
"By the way, is there any reason why we should not speak freely before
Mr. Smith?"

"Mr. Smith is a Company man; he will do nothing to disturb your plan," said Cole. "Go ahead, now you've started."

Wilkinson proceeded.

"I am about to take charge of insuring all the properties of the
Massachusetts Light, Heat, and Traction Company, John M. Hurd,
President," he announced.

Mr. Osgood permitted himself a slight smile.

"My dear young friend," he said, "you have given yourself a life sentence at hard labor."