The bringing of order out of chaos is one of the most interesting and also one of the most satisfying employments a person can have. Likewise it is usually one of the most exhausting, if the chaos has been really chaos and the order be really order. But the satisfaction of seeing, as the clouds break and the skies clear, the salient outline of the thing appear as it ought to appear is sufficient compensation for all the effort. Even if the work be no more elevated than washing up a trayful of soiled china, a certain thrill is there at the successful completion of the task; and the greater the Augean stable, the purer is the pleasure of him who cleans it.

When in the spring of this, his most eventful year, Smith had taken charge of the slipping, wavering, demoralized Guardian, the stable of Augeas there confronting him would perhaps have dismayed a less enthusiastic and a less determined man. Everything was at loose ends; under the shiftless hand of Gunterson even the fine insurance machine built up by Mr. Wintermuth in his best constructive days had suddenly grown to creak painfully in its joints. The heads of departments, seeing no inspiring or even efficient leadership above them, had become discouraged, and there had been no one to brace their failing spirits. Mr. Cuyler and Mr. Bartels in particular had felt the altered fortunes of the company more keenly than they had felt any business crisis in all their previous experience.

When Mr. Cuyler had witnessed his local business, his pride and his life, the fixed star of his professional soul, begin slipping away, his gloom, as has been told, was not to be lifted. But the case of Mr. Bartels was even more sad. Year after year had that painstaking official made up the current statement of the company's position, to be presented in silence to Mr. Wintermuth on the first business day of every month. Year after year had he carried this balance sheet to his chief and stolidly waited for the word of satisfaction which was always forthcoming, save in exceptional cases. For there had come to be a kind of sacred formula about it, and if that formula failed to materialize, the world was all awry for Mr. Bartels, until another month put matters right once more. And this, so placidly prosperous had the Guardian been, the succeeding month had seldom failed to do.

"Holding our own, Otto?" the President would inquire.

"Poohty good; losses is bad but premiums is up some, too," Mr. Bartels would usually reply; and Mr. Wintermuth, appreciating the impossibility of ever reaching a loss ratio low enough to meet the approval of his Teutonic subordinate, would scan the statement with little fear of the result. And then, after another little exchange of courtesies, this monthly playlet would end.

When the Guardian had first met the rough water, Mr. Bartels had not been able to understand that anything was amiss—that anything could be amiss—with the company whose inconspicuous prosperity had been an axiom of the Street. When, on the first day of February, he had taken off his first summary of January results, a little cloud of puzzled suspicion had gathered in his still blue eyes. After carefully checking his own figures he had rung for Dunham, the chief accountant, and it had been a querulous and angry summons.

"Here, dese figures is all wrong. You have January premiums pretty near fifteen per cent behind last year. Fix 'em."

But Dunham, chill as the Matterhorn, assured the excited little man that the figures were quite correct and that he had checked them twice to make certain.

"But—but—" said Bartels in bewilderment, "we cannot be going backwards like that! We have never gone back like that in January."

"Until this year," incautiously rejoined the other.