“My dear boy, I intend to tell you all that I know and can verify.” The silky smoothness of the magnate’s tones had deepened in spite of himself, with a steely undernote.

“I don’t know when the project which spelled his ruin was first conceived by Mr. Lawton, but I believe that he started to put it into active operation over three years ago. He went into it with his usual cold nerve, and then, when the pendulum did not swing his way he kept heaping more and more of his securities on the pyre of his ambition and pride in himself, until he was forced to obtain large loans. That he did seek and obtain such loans I can prove to you at the present moment, in one instance at least, for it was through me the affair was negotiated. I think he fully realized his enormous error, but refused to admit it even to himself, and strove by sheer force of will-power to carry a hopeless scheme to success.”

“Sought loans! He––Pennington Lawton required loans and obtained them through you?” Ramon almost started from his chair. “Mr. Mallowe, you will forgive me, but I can scarcely credit it. I know, of course, that financiers, even those who conduct their operations on a far lesser scale than Mr. Lawton, frequently seek loans, but your manner and your speech just now led me to believe that you had some other motive in doing what you did for Mr. Lawton. From what you have told me I gather that it was owing more to your friendship for him, than to your financial relations, that he called upon you at that time.”

“And it was to my friendship at that time that he appealed, Mr. Hamilton.”

“Appealed? I cannot imagine Pennington Lawton appealing to any man. Why should he appeal to you?”

87

“Because, my dear boy, he was in a mighty bad fix when he had need to call upon me. Oh, by the way, I have the letter here in my safe––I found it only the other day.”

“The letter? What letter?”

“The letter Mr. Lawton wrote me from Long Bay asking me to get Mr. Moore’s help in the matter––here it is.”

Mallowe went to his safe, and opening it, withdrew from an inner drawer a paper which he presented to the young lawyer. After a cursory examination Ramon placed it upon the desk before him, and turning to Mr. Mallowe said: