Ralph raised his eyes for a moment, but did not reply.

"Such a plan has its advantages," William went on. "If we had been allowed to carry out our plan, developments would be very slow."

"Not so slow. You must remember that the lode is very rich."

"It would necessarily be slow at the start," William replied. "By letting the financiers come in, the thing will be started right away on a big scale. Every man out of work will have a job, and money will begin to circulate in St. Goram at once."

"That is no doubt true, but—well, it knocks on the head much I had hoped for."

"I know it does; but living in our little corner here, our view may be narrow and prejudiced. There is honest company promoting as well as dishonest. Combination of capital need not be any more wrong than combination of labour. No single man could build a railway from London to Penzance, and stock it; and if he could, it is better that a company should own it, and work it, than a single individual. You prefer a democracy to an autocracy, surely?"

Ralph's face brightened, but he remained silent.

"Suppose you and I had been able to carry out our idea," William went on. "We should have been absolute rulers. Are we either of us wise enough to rule? We might have become, in our own way, more powerful than Lord St. Goram and all the other county magnates rolled into one. Should we have grace enough to use our power justly? We have benevolent intentions, but who knows how money and power might corrupt? They nearly always do corrupt. We complain of the way the strong use their strength; perhaps it is a mercy the temptation is not put in our way."

"Perhaps you are right, William," Ralph said at length, "though I confess I distrust the whole gang of company promoters that have been buzzing about me for the last month."

"Why not consult Sir John Liskeard? He is our member; he is interested in the place. He knows most people, and he would at least bring an unprejudiced mind to bear on the question."