They had all gone up, a fact which Mr. Cassilis might have remembered had he given the thing a moment's thought. The companies on paper were doing extremely well.

"Sir," said Mr. Beck, starting to his feet "you heap coals of fire on my head. When a gentleman like you advises me, I ought to be thankful, and not go worrying around like a hen in a farmyard. The English nation are the only people who can raise a man like you, sir. Honour is your birthright. Duty is your instinct. Truth is your nature. We, Americans, sir, come next to you English in that respect. The rest of the world are nowhere." He was walking backwards and forwards, with his hands in his pockets, while Mr. Cassilis looked at him through his gold eyeglasses as if he was a little amused at the outburst. "Nowhere, sir. Truth lives only among us. The French lie to please you. The Germans lie to get something for themselves. The Russians lie because they imitate the French and have caught the bad tricks of the Germans. Sir, no one but an Englishman would have made me the generous offer you have just made, and I respect you for it, Mr. Cassilis, I respect you, sir."

Gabriel Cassilis looked a little, a very little, confused at all these compliments. Then he held out his hand.

"My dear friend, the respect is mutual," he said, with a forced smile. "Do not, however, act always upon your belief in the honesty of Englishmen. It may lead you into mischief."

"As for the shares," said Beck, "they will stay as they are, if you please, or they will be sold, as you will. And no more companies, Mr. Cassilis, for me."

"You shall have no more," said his adviser.

In his pocket was a beautiful prospectus, brand new, of a company about to be formed for the purpose of lighting the town of La Concepcion Immaculata on the Amazon River in Brazil with gas. A concession of land had been obtained, engineers had been out to survey the place, and their prospects were most bright.

Now, he felt, that project must be released. He turned the paper in his fingers nervously round and round, and the muscles of his cheek twitched. Then he looked up and smiled, but in a joyless way. Mr. Beck did not smile. He was growing more serious.

"You shall have no more shares," said the adviser. "Those that you have already shall be disposed of as soon as possible. Remains the question, what am I to do with the money?"

"You have placed yourself," he went on, "in my hands by means of that promised power of attorney. I advised, first of all, certain shares my influence enabled me to get allotted to you. You have scruples about selling shares at a profit. Let us respect your scruples, Mr. Beck. Instead of shares, you will invest your money in Government stocks."