CHAPTER XI

I looked at it for a moment with a kind of dazzled admiration. Then, after taking a pull at my cigar to restore my composure, I read through the whole precious document from beginning to end.

It appeared to me to be one of the finest and boldest works of fiction that had ever fallen into my hands. Briefly speaking, it commended in glowing terms to the notice of the British Public a new and magnificent group of gold-mines which it declared had just been discovered in the northern provinces of the Argentine. Being fairly well acquainted with the district myself, I felt almost certain that the statement was a colossal lie, but I must admit that the evidence produced was extraordinarily convincing. The Board of Directors consisted of Stuart Northcote, Esq., Lord Sangatte, Sir Matthew Rosedale, and Señor Bonito Morales, the ex-President of the Republic. The latter gentleman I knew to be one of the completest scoundrels that even South America has produced, a fact which confirmed my suspicions as to the fraudulent nature of the entire business.

While I was reading, Lord Sangatte paced up and down the room behind me, apparently trying to recover from the unwonted exertion of being civil to a large number of people in succession. As I laid down the paper he turned impatiently and inquired what I thought of it.

"It seems fairly convincing," I said coolly, "but we might improve it a little yet."

"Well, there will be the notices in the financial papers to go in," answered Sangatte. "Rosedale is seeing about that. He says he can do the whole thing for twenty thousand in shares."

It sounded a fairly cheap way of swindling two millions out of the pockets of the British Public so I contented myself with an approving nod.

"And then there'll be Lammersfield," went on Sangatte. "If you can only work your business with him, the thing's as good as done. With an ex-Home Secretary on the board, the shares will go like hot cakes. I know the idiots."

It only needed this illuminating observation to make the whole affair plain to me. I saw at once that Northcote must have advanced the money to Lord Lammersfield in order to compel that genial nobleman to fall in with his schemes. As Home Secretary, it would, of course, be impossible for the latter to accept a Directorship of any kind, so Northcote's plan had evidently been to compel him to resign office by a judicious mixture of bullying and bribery. With Lammersfield's name on the board, "The Amalgamated Goldfields of South America" would, as Sangatte observed, sell "like hot cakes." It was a pretty little scheme, worthy indeed of the high opinion I had already formed of my talented double.