“This arrangement you made with Heinzman.”
“I borrowed some money from Heinzman for the firm.”
“Yes; and you supplied that money yourself.”
Newmark's eyes narrowed, but he said nothing. Orde glanced toward him, then away again, as though ashamed.
“Well,” said Newmark at last, “what of it?”
“If you had the money to lend why didn't you lend it direct?”
“Because it looks better to mortgage to an outside holder.”
An expression of profound disgust flitted across Orde's countenance. Newmark smiled covertly, and puffed once or twice strongly on his nearly extinct cigar.
“That was not the reason,” went on Orde. “You agreed with Heinzman to divide when you succeeded in foreclosing me out of the timber lands given as security. Furthermore you instructed Floyd to go out on the eve of that blow in spite of his warnings; and you contracted with McLeod for the new vessels; and you've tied us up right and left for the sole purpose of pinching us down where we couldn't meet those notes. That's the only reason you borrowed the seventy-five thousand on your own account; so we couldn't borrow it to save ourselves.”
“It strikes me you are interesting but inconclusive,” said Newmark, as Orde paused again.