“Proceed,” said he shrewdly.

“As security in case he cannot pay the notes the firm will have to give, he has signed an agreement to turn over to me his undivided one-half interest in our enterprises.”

“Vell? You vant to borrow dot money of me?” asked Heinzman. “I could not raise it.”

“I know that perfectly well,” replied Newmark coolly. “You are going to have difficulty meeting your July notes, as it is.”

Heinzman hardly seemed to breathe, but a flicker of red blazed in his eye.

“Proceed,” he repeated non-committally, after a moment. “I intend,” went on Newmark, “to furnish this money myself. It must, however, seem to be loaned by another. I want you to lend this money on mortgage.”

“What for?” asked Heinzman.

“For a one tenth of Orde's share in case he does not meet those notes.”

“But he vill meet the notes,” objected Heinzman. “You are a prosperous concern. I know somethings of YOUR business, also.”

“He thinks he will,” rejoined Newmark grimly. “I will merely point out to you that his entire income is from the firm, and that from this income he must save twenty-odd thousand a year.