For the Allinson Honor. Bindloss Harold

polished floor, which ran back beyond it into shadow. The windows at the western end were open and, for it was not quite dark yet, the long rows of bookcases, dimly visible against the wall, emphasized the spaciousness of the room. The scent of flowers that drifted in was mingled with the smell of a cigar, and as Andrew's footsteps echoed through the room Leonard laid down his pen. The strong light fell upon him, showing his thin face and tall, spare figure. His hair receded somewhat from his high forehead, and he had the colorless complexion of a man who lives much indoors; but his eyes were singularly penetrating. Dressed with fastidious neatness he had an air of elegance and, by comparison, made Andrew, who was of robuster build, look heavy and awkward.

      "I'm glad of an excuse for stopping," he said. "Will you sit down and smoke?"

      "What are you doing? I thought you came here for a rest," said Andrew, lighting a cigarette.

      "The firm is a hard task-master, and it's difficult to get a few minutes undisturbed in town. That's why I brought these papers down. Writing a prospectus is a business which demands both caution and imagination. Would you like to see the draft?"

      "I thought a boundless optimism was the most essential thing," Andrew replied, taking the paper handed him. "You're moderate," he continued when he had read it. "Ten per cent. is all you promise, though as far as my experience goes, twenty's the more usual thing."

      "Allinson's does not promise more than it can fulfill."

      "That's true and quite in accordance with my views. Until lately, however, prospectuses were very much out of our line."

      Leonard was surprised and annoyed. Andrew was associating himself with the business in an unusual manner; although he had a right to do so.

      "If there's anything you wish to ask, I shall be glad to explain it."

      "These underwritten shares – I suppose you're letting the fellows have them below par? Is that because you expect any difficulty in getting the money?"

      "No; any project we're connected with will be taken up. Still, when you launch a good thing, it's policy to let a few members of the ring in at bottom and give them a share of the pickings."

      Andrew frowned.

      "It sounds like a bribe. But these pickings? They must come out of the shareholders' pockets."

      "In the end, they do."

      "Though I'm not a business man, it seems to me that capital put into shafts and reducing plant stands a fair chance of being productive. That spent in starting the concern is largely wasted."

      "We are spending less than usual. May I ask what your idea of the object of floating a company is?"

      "Mine would be the expectation of getting a good dividend on the stock I took in it."

      Leonard looked amused.

      "Excellent, so far as it goes; but there's sometimes a little more than that."

      Andrew sat silent a while. Then he said:

      "I gather that this new scheme will be subscribed for because Allinson's guarantees it."

      "It's impossible to guarantee a mining scheme, but, in a sense, you're right. The firm's name will count."

      "Well," said Andrew, "I'd like to go to Canada and take some share in starting things – you see, I know the country. Then, as I suppose some of my money will be put into the business, you might, perhaps, make me a director. I'd be of no use in London, but I might do something in Canada."

      Leonard was surprised, but the suggestion pleased him. The name of Andrew Allinson would have its influence on investors.

      "It is not a bad idea," he said. "We'll see what can be done."

      Andrew then changed the subject.

      "How's business generally?"

      "Pretty fair; we have made some profitable ventures in South America. You will remember my bringing Señor Piñola down? We made some money out of him."

      "How?" Andrew asked without much interest. "The fellow had a dash of the nigger or Indian in him."

      "He was Dictator Valhermosa's secret agent."

      "Then you supported Valhermosa's administration during the unsuccessful revolution?"

      "We did. They wanted to re-arm the troops quietly in preparation; Piñola came over to buy new rifles and machine-guns, and as he couldn't pay ready money we arranged the matter. There was a risk, but we got some valuable concessions as security, and turned them over afterward to a German syndicate on excellent terms."

      Andrew's face was grim when he looked up.

      "And I gave Piñola two days' shooting instead of pitching him into the nearest bog! To think of Allinson's backing that brute Valhermosa is somewhat of a shock."

      "What do you know about him?"

      "A good deal. Warren, the naturalist who was with me in Canada, spent some time in his country and has friends there. He used to talk about the things he'd seen, and the memory of his stories makes me savage yet, because I believe them. I have other acquaintances who have lived in parts of the world that business men don't often reach. If you don't know how rubber's collected and minerals are worked in countries where there's a subject native population, you'd better not find out." Andrew broke into a harsh laugh.

      "You didn't suspect that while the firm helped the Dictator, I, its sleeping partner, gave Warren a check for the rebels, and I'd like to think that every cartridge my money bought accounted for one of the brutes who flog women to death and burn Indians at the stake when the revenue falls off."

      Leonard looked grieved.

      "I'm sorry to hear this; though it's possible that Warren was exaggerating. Anyway, we're out of it now. The deal was a matter of business – we couldn't be expected to know what was being done in the back-country, and after all it's no concern of ours."

      Lighting another cigarette, Andrew smoked half of it in silence.

      "The thing will hardly bear speaking of," he said finally; "and the fault is partly mine for not taking the interest in the firm I should have done."

      He paused and looked Leonard steadily in the face.

      "From what I've heard, those concessions may be good for another two or three years; and then, when Valhermosa's victims revolt again, if Allinson's can take any hand in the matter, it will be on the other side. Now we'll let the subject drop."

      Leonard acquiesced with a tolerant gesture, though he was disconcerted by Andrew's tone. It implied that his opinions would have to be considered in the future.

      "By the way," Leonard said, "there's a matter I must mention, though it's delicate. I saw Judson this morning and he grumbled about the liberality you have shown of late."

      "Judson's niggardliness has lost me one or two good tenants."

      "It's possible; but he told me that you had let The Firs to Mrs. Olcott for ten pounds less than he could easily have obtained. As he's a talkative fellow and nothing is kept secret here, do you think you were wise in letting her have the place below its value?"

      "You have been given a hint, Leonard. What do you know about Mrs. Olcott?"

      "Nothing. The point is that nobody else seems to know anything. I merely wished to suggest that it might be well to be more cautious."

      The color crept into Andrew's face.

      "The next time you hear Mrs. Olcott mentioned you may say that her husband is a friend of mine; that he served with credit as captain through the recent war; and that he now holds a government post in West Africa, though the climate compelled him to leave his wife at home. Now, would you like a game of pool?"

      Leonard said that he would be busy for a while, and when Andrew went out he leaned back in his chair to think. On the death of Andrew's father, he had been left in control of the business, though, as he had not brought much capital into the firm, his share of the profits was not large. There was a good deal to be paid over to members of the family and, getting tired of slow and steady progress, he had of late launched out into bold speculations.

      Since