"I neglected to state that the secret-service department of the Consolidated Companies excels in efficiency that of any government. You can readily appreciate its importance."

"And you know with equal minuteness the financial condition of every man on that list?"

Gorham nodded. "Yes; and of every individual, corporation, business house, and government wherever it is of any value to us to know it."

Kenmore again relapsed into silence. He was experiencing a larger number of new sensations during his conference than he remembered ever having had aroused by any previous discussion. He was angry with himself for having permitted the interview, he was incensed by the proposition itself and the apparent unassailability of the Companies, he was annoyed by Gorham's good manners and his complete self-control. Never once had this man, who appeared to have his finger upon the pulse of the world, allowed his attitude even to approach enthusiasm. He simply presented facts, and then allowed them to tell their own story.

"You are at liberty, sir, to acquaint me with the transactions of the
Consolidated Companies," the Senator finally remarked.

"Probably a few specific cases will suffice," Gorham responded, as if expecting to receive Kenmore's permission. "You will remember, perhaps, the apparently insurmountable complications which arose over the placing of the recent loan of fifty million dollars to the Chinese government, for their currency reforms and other necessary improvements. As soon as the Consolidated Companies assumed the responsibility of the negotiations, all international bickerings ceased, for the Chinese, French, German, English, and American financiers knew that the loan would be handled to the advantage of all. I could cite, perhaps, a hundred cases of similar importance, would time permit. As for the present, you are aware that England is building several great men-of-war to restore its navy to its previous supremacy. The contracts for this work have been placed in the hands of the Consolidated Companies. Our political strength was tested in a small way two years ago in causing a cessation of hostilities between Austria and her neighbors. We shall be strong enough before the war cloud gathers too heavily over England and Germany to prevent the grievous calamity which threatens these nations. Shall I give you other data?"

"But the Consolidated Companies separates the world into two parts—" the Senator began.

"Precisely—into those who are stockholders and those who are not. Both are benefited by the existence of the corporation. But is there any question as to which is the more favored class?"

"None whatever," Kenmore replied, with decision.

"Then may I call to-morrow to learn in which class you decide to place yourself?" Gorham asked, as he rose and slipped into his overcoat.