There was a general murmur of approval. "Very good," said Mr. Skinyer, settling himself back in his chair. "Now, first, in regard to the creation," here he looked all round the meeting in a way to command attention—"Is it your wish that we should leave that merely to a gentlemen's agreement or do you want an explicit clause?"
"I think it might be well," said Mr. Dick Overend, "to leave no doubt about the theory of the creation."
"Good," said Mr. Skinyer. "I am going to put it down then something after this fashion: 'On and after, let us say, August 1st proximo, the process of the creation shall be held, and is hereby held, to be such and such only as is acceptable to a majority of the holders of common and preferred stock voting pro rata.' Is that agreed?"
"Carried," cried several at once.
"Carried," repeated Mr. Skinyer. "Now let us pass on"—here he consulted his notes—"to item two, eternal punishment. I have made a memorandum as follows, 'Should any doubts arise, on or after August first proximo, as to the existence of eternal punishment they shall be settled absolutely and finally by a pro-rata vote of all the holders of common and preferred stock.' Is that agreed?"
"One moment!" said Mr. Fyshe, "do you think that quite fair to the bondholders? After all, as the virtual holders of the property, they are the persons most interested. I should like to amend your clause and make it read—I am not phrasing it exactly but merely giving the sense of it—that eternal punishment should be reserved for the mortgagees and bondholders."
At this there was an outbreak of mingled approval and dissent, several persons speaking at once. In the opinion of some the stockholders of the company, especially the preferred stockholders, had as good a right to eternal punishment as the bondholders. Presently Mr. Skinyer, who had been busily writing notes, held up his hand for silence.
"Gentlemen," he said, "will you accept this as a compromise? We will keep the original clause but merely add to it the words, 'but no form of eternal punishment shall be declared valid if displeasing to a three-fifths majority of the holders of bonds.'"
"Carried, carried," cried everybody.
"To which I think we need only add," said Mr. Skinyer, "a clause to the effect that all other points of doctrine, belief or religious principle may be freely altered, amended, reversed or entirely abolished at any general annual meeting!"