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opposite column, beginning apparently from the same date in 1895, were the missing man's expenditures. The painstaking exactness of these left no doubt of their correctness; they included items for natural depreciation of perishable properties and, evidently, had been worked over very recently. Upon the last sheet, the second column had been deducted from the first, and an apparently purely arbitrary sum of two hundred thousand dollars had been taken away. From the remainder there had been taken away approximately one hundred and fifty thousand dollars more.

Alan having ascertained that the papers contained only this account, looked up questioningly to Sherrill; but Sherrill, without speaking, merely handed him the second of the papers.... This, Alan saw, had evidently been folded to fit a smaller envelope. Alan unfolded it and saw that it was a letter written in the same hand which had written the summons he had received in Blue Rapids and had made the entries in the little memorandum book of the remittances that had been sent to John Welton.

It began simply:


Lawrence—

This will come to you in the event that I am not able to carry out the plan upon which I am now, at last, determined. You will find with this a list of my possessions which, except for two hundred thousand dollars settled upon my wife which was hers absolutely to dispose of as she desired and a further sum of approximately one hundred and fifty thousand dollars presented in memory of her to the Hospital Service in France, have been transferred to you without legal reservation.

You will find deeds for all real estate executed and complete except for recording of the transfer at the county office; bonds, certificates, and other documents representing my ownership of properties, together with signed forms for their legal transfer to you, are in this box. These properties, in their entirety, I give to you in trust to hold for the young man now known as Alan Conrad of Blue Rapids, Kansas, to deliver any part or all over to him or to continue to hold it all in trust for him as you shall consider to be to his greatest advantage.

This for the reasons which I shall have told to you or him—I cannot know which one of you now, nor do I know how I shall tell it. But when you learn, Lawrence, think as well of me as you can and help him to be charitable to me.

With the greatest affection,
    BENJAMIN CORVET.


Alan, as he finished reading, looked up to Sherrill, bewildered and dazed.

"What does it mean, Mr. Sherrill?— Does it mean that he has gone away and left everything he had—everything to me?"

"The properties listed here," Sherrill touched the pages Alan first had looked at, "are in the box at the vault with the executed forms of their transfer to me. If Mr. Corvet does not return, and I do not receive any other instructions, I shall take over his estate as he has instructed for your advantage."

"And, Mr. Sherrill, he didn't tell you why? This is all you know?"

"Yes; you have everything now. The fact that he did not give his reasons for this, either to you or me, made me think at first that he might have made his plan known to some one else, and that he had been opposed—to the extent even of violence done upon him—to prevent his carrying it out. But the more I have considered this, the less likely it has seemed to me. Whatever had happened to Corvet that had so much disturbed and excited him lately, seems rather to have precipitated his plan than deterred him in it. He may have determined after he had written this that his actions and the plain indication of his relationship to you, gave all the explanation he wanted to make. All we can do, Alan, is to search for him in every way we can. There will be others searching for him too now; for information of his disappearance has got out. There have been reporters at the office this morning making inquiries, and his disappearance will be in the afternoon papers."

Sherrill put the papers back in their envelope, and the envelope back into the drawer, which he relocked.

"I went over all this with Mr. Spearman this morning," he said. "He is as much at a loss to explain it as I am."

He was silent for a few moments.

"The transfer of Mr. Corvet's properties to me for you," he said suddenly, "includes, as you have seen, Corvet's interest in the firm of 'Corvet, Sherrill and Spearman.' I went very carefully through the deeds and transfers in the deposit box, and it was plain that, while he had taken great care with the forms of transfer for all the properties, he had taken particular pains with whatever related to his holdings in this company and to his shipping interests. If I make over the properties to you, Alan, I shall begin with those; for it seems to me that your father was particularly anxious that you should take a personal as well as a financial place among the men who control the traffic of the lakes. I have told Spearman that this is my intention. He has not been able to see it my way as yet; but he may change his views, I think, after meeting you."

Sherrill got up. Alan arose a little unsteadily. The list of properties he had read and the letter and Sherrill's statement portended so much that its meaning could not all come to him at once. He followed Sherrill through a short private corridor, flanked with files lettered "Corvet, Sherrill, and Spearman," into the large room he had seen when he came in with Constance. They crossed this, and Sherrill, without knocking, opened the door of the office marked, "Mr. Spearman." Alan, looking on past Sherrill as the door opened, saw that there were some half dozen men in the room, smoking and talking. They were big men mostly, ruddy-skinned and weather-beaten in look, and he judged from their appearance, and from the pile of their hats and coats upon a chair, that they were officers of the company's ships, idle while the ships were laid up, but reporting now at the offices and receiving instructions as the time for fitting out approached.

His gaze went swiftly on past these men to the one who, half seated on the top of the flat desk, had been talking to them; and his pulse closed upon his heart with a shock; he started, choked with astonishment, then swiftly forced himself under control. For this was the man whom he had met and whom he had fought in Benjamin Corvet's house the night before—the big man surprised in his blasphemy of Corvet and of souls "in Hell" who, at sight of an apparition with a bullet hole above its eye, had cried out in his fright, "You got Ben! But you won't get me—damn you! Damn you!"

Alan's shoulders drew up slightly, and the muscles of his hands tightened, as Sherrill led him to this man. Sherrill put his hand on the man's shoulder; his other hand was still on Alan's arm.

"Henry," he said to the man, "this is Alan Conrad. Alan, I want you to know my partner, Mr. Spearman."

Spearman nodded an acknowledgment, but did not put out his hand; his eyes—steady, bold, watchful eyes—seemed measuring Alan attentively; and in return Alan, with his gaze, was measuring him.




CHAPTER VIII MR. CORVET'S PARTNER

The instant of meeting, when Alan recognized in Sherrill's partner the man with whom he had fought in Corvet's house, was one of swift readjustment of all his thought—adjustment to a situation of which he could not even have dreamed, and which left him breathless. But for Spearman, obviously, it was not that. Following his noncommittal nod of acknowledgment of Sherrill's introduction and his first steady scrutiny of Alan, the big, handsome man swung himself off from the desk on which he sat and leaned against it, facing them more directly.

"Oh, yes—Conrad," he said. His tone was hearty; in it Alan could recognize only so much of reserve as might be expected from Sherrill's partner who had taken an attitude of opposition. The shipmasters, looking on, could see, no doubt, not even that; except for the excitement which Alan himself could not conceal, it must appear to them only an ordinary introduction.

Alan fought sharply down the swift rush of his blood and the tightening of his muscles.

"I can say truly that I'm glad to meet you, Mr. Spearman," he managed.

There was no recognition of anything beyond the mere surface meaning of the words in Spearman's slow smile of acknowledgment, as he turned from Alan to Sherrill.

"I'm afraid you've taken rather a bad time, Lawrence."

"You're busy, you mean. This can wait, Henry, if what you're doing is immediate."

"I want some of these men to be back in Michigan to-night. Can't we get together later—this afternoon? You'll be about here this afternoon?" His manner was not casual; Alan could not think of any expression of that man as being casual; but this, he thought, came as near it as Spearman could come.

"I think I can be here this afternoon," Alan said.

"Would two-thirty suit you?"

"As well as any other time."

"Let's say two-thirty, then." Spearman turned and noted the hour almost solicitously among the scrawled appointments on his desk pad; straightening, after this act of dismissal, he walked with them to the door, his hand on Sherrill's shoulder.

"Circumstances have put us—Mr. Sherrill and myself—in a very difficult position, Conrad," he remarked. "We want much to be fair to all concerned—"

He did not finish the sentence, but halted at the door. Sherrill went out, and Alan followed him; exasperation—half outrage yet half admiration—at Spearman's bearing, held Alan speechless. The blood rushed hotly to his skin as the door closed behind them, his hands clenched, and he turned back to the closed door; then he checked himself and followed Sherrill, who, oblivious to Alan's excitement, led the way to the door which bore Corvet's name. He opened it, disclosing an empty room, somewhat larger than Spearman's and similar to it, except that it lacked the marks of constant use. It was plain that, since Spearman had chosen to put off discussion of Alan's status, Sherrill did not know what next to do; he stood an instant in thought, then, contenting himself with inviting Alan to lunch, he excused himself to return to his office. When he had gone, closing the door behind him, Alan began to pace swiftly up and down the room.

What had just passed had left him still breathless; he felt bewildered. If every movement of Spearman's great, handsome body had not recalled to him their struggle of the night before—if, as Spearman's hand rested cordially on Sherrill's shoulder, Alan had not seemed to feel again that big hand at his throat—he would almost have been ready to believe that this was not the man whom he had fought. But he could not doubt that; he had recognized Spearman beyond question. And Spearman had recognized him—he was sure of that; he could not for an instant doubt it; Spearman had known it was Alan whom he had fought in Corvet's house even before Sherrill had brought them together. Was there not further proof of that in Spearman's subsequent manner toward him? For what was all this cordiality except defiance? Undoubtedly Spearman had acted just as he had to show how undisturbed he was, how indifferent he might be to any accusation Alan could make. Not having told Sherrill of the encounter in the house—not having told any one else—Alan could not tell it now, after Sherrill had informed him that Spearman opposed his accession to Corvet's estate; or, at least, he could not tell who the man was. In the face of Spearman's manner toward him to-day, Sherrill would not believe. If Spearman denied it—and his story of his

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