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expedient just at present to go into matters too freely.”

β€œMy lords and gentlemen,” said Melmotte. β€œI hope that you trust me.”

Lord Alfred bowed down to the table and muttered something which was intended to convey most absolute confidence. β€œHear, hear,” said Mr. Cohenlupe. β€œAll right,” said Lord Nidderdale; β€œgo on;” and he fired another pellet with improved success.

β€œI trust,” said the Chairman, β€œthat my young friend, Sir Felix, doubts neither my discretion nor my ability.”

β€œOh dear, no;⁠—not at all,” said the baronet, much flattered at being addressed in this kindly tone. He had come there with objects of his own, and was quite prepared to support the Chairman on any matter whatever.

β€œMy Lords and Gentlemen,” continued Melmotte, β€œI am delighted to receive this expression of your confidence. If I know anything in the world I know something of commercial matters. I am able to tell you that we are prospering. I do not know that greater prosperity has ever been achieved in a shorter time by a commercial company. I think our friend here, Mr. Montague, should be as feelingly aware of that as any gentleman.”

β€œWhat do you mean by that, Mr. Melmotte?” asked Paul.

β€œWhat do I mean?⁠—Certainly nothing adverse to your character, sir. Your firm in San Francisco, sir, know very well how the affairs of the Company are being transacted on this side of the water. No doubt you are in correspondence with Mr. Fisker. Ask him. The telegraph wires are open to you, sir. But, my Lords and Gentlemen, I am able to inform you that in affairs of this nature great discretion is necessary. On behalf of the shareholders at large whose interests are in our hands, I think it expedient that any general statement should be postponed for a short time, and I flatter myself that in that opinion I shall carry the majority of this Board with me.” Mr. Melmotte did not make his speech very fluently; but, being accustomed to the place which he occupied, he did manage to get the words spoken in such a way as to make them intelligible to the company. β€œI now move that this meeting be adjourned to this day week,” he added.

β€œI second that motion,” said Lord Alfred, without moving his hand from his breast.

β€œI understood that we were to have a statement,” said Montague.

β€œYou’ve had a statement,” said Mr. Cohenlupe.

β€œI will put my motion to the vote,” said the Chairman.

β€œI shall move an amendment,” said Paul, determined that he would not be altogether silenced.

β€œThere is nobody to second it,” said Mr. Cohenlupe.

β€œHow do you know till I’ve made it?” asked the rebel. β€œI shall ask Lord Nidderdale to second it, and when he has heard it I think that he will not refuse.”

β€œOh, gracious me! why me? No;⁠—don’t ask me. I’ve got to go away. I have indeed.”

β€œAt any rate I claim the right of saying a few words. I do not say whether every affair of this Company should or should not be published to the world.”

β€œYou’d break up everything if you did,” said Cohenlupe.

β€œPerhaps everything ought to be broken up. But I say nothing about that. What I do say is this. That as we sit here as directors and will be held to be responsible as such by the public, we ought to know what is being done. We ought to know where the shares really are. I for one do not even know what scrip has been issued.”

β€œYou’ve bought and sold enough to know something about it,” said Melmotte.

Paul Montague became very red in the face. β€œI, at any rate, began,” he said, β€œby putting what was to me a large sum of money into the affair.”

β€œThat’s more than I know,” said Melmotte. β€œWhatever shares you have, were issued at San Francisco, and not here.”

β€œI have taken nothing that I haven’t paid for,” said Montague. β€œNor have I yet had allotted to me anything like the number of shares which my capital would represent. But I did not intend to speak of my own concerns.”

β€œIt looks very like it,” said Cohenlupe.

β€œSo far from it that I am prepared to risk the not improbable loss of everything I have in the world. I am determined to know what is being done with the shares, or to make it public to the world at large that I, one of the directors of the Company, do not in truth know anything about it. I cannot, I suppose, absolve myself from further responsibility; but I can at any rate do what is right from this time forward⁠—and that course I intend to take.”

β€œThe gentleman had better resign his seat at this Board,” said Melmotte. β€œThere will be no difficulty about that.”

β€œBound up as I am with Fisker and Montague in California I fear that there will be difficulty.”

β€œNot in the least,” continued the Chairman. β€œYou need only gazette your resignation and the thing is done. I had intended, gentlemen, to propose an addition to our number. When I name to you a gentleman, personally known to many of you, and generally esteemed throughout England as a man of business, as a man of probity, and as a man of fortune, a man standing deservedly high in all British circles, I mean Mr. Longestaffe of Caversham⁠—”

β€œYoung Dolly, or old?” asked Lord Nidderdale.

β€œI mean Mr. Adolphus Longestaffe, senior, of Caversham. I am sure that you will all be glad to welcome him among you. I had thought to strengthen our number by this addition. But if Mr. Montague is determined to leave us⁠—and no one will regret the loss of his services so much as I shall⁠—it will be my pleasing duty to move that Adolphus Longestaffe, senior, Esquire, of Caversham, be requested to take his place. If on reconsideration Mr. Montague shall determine to remain with us⁠—and I for one most sincerely hope that such reconsideration may lead to such determination⁠—then I shall move that an additional director be added to our number, and that Mr. Longestaffe be requested to take the chair of that additional director.” The

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