his peace.
'Oh yes, I know what you are thinking of. I spoke of other mines as well; still, that was my folly, and not her fault exactly. She imagined she was doing right, and after all, you know, I think we sometimes don't make enough allowance for another's point of view.'
Kenyon laughed outright.
'It seems to me you are actually defending her. My remembrance is that you didn't make much allowance for her point of view when your own point was that coil of rope in the front of the ship—those days when you wouldn't speak even to me.'
'I admit it, John. No, I'm not defending her. I have succeeded in putting her entirely out of my mind—with an effort. How about your own case, John?'
'My own case! What do you mean?'
'You know very well what I mean.'
'I suppose I do forgive the little bit of affectation, will you? but a man gets somewhat nervous when such a question is sprung upon him. My own case is just where we left it at Queenstown.'
'Haven't you seen her since?'
'No.'
'Aren't you going to?'
'I really do not know what I am going to do.'
'John, that young woman has a decided personal interest in you.'
'I wish I were sure of that, or, rather, I wish I were sure of it and in a position to—But what is the use of talking? I haven't a penny to my name.'
'No; but if our mine goes through, you soon will have.'
'Yes, but what will it amount to? I never can forget the lofty disdain with which a certain person spoke of fifty thousand pounds. It sends a cold chill over me whenever I think of it. Fifty thousand pounds to her seemed so trivial; to me it was something that might be obtained after the struggle of a lifetime.'
'Well, I wouldn't let that discourage me too much if I were you; besides, you see—Oh! here we are. We'll talk about this some other time.'
Having paid the cabman, the two young men went upstairs into Wentworth's room, where they closed the door, and John drew up a seat by the side of his friend.
'Now, then,' said Wentworth, 'what have you done about the mine?'
'I have done absolutely nothing. I have been waiting for this conference with you.'
'Well, my boy, time is the great factor in anything of this sort.'
'Yes, I suppose it is.'
'You see, our option is running along; every day we lose is so much taken off our chances of success. Have you anything to propose?'
'I'll tell you what I thought of doing. You know young Longworth spoke to me a good deal about the mine at one time. His cousin introduced me to him, and she seemed to think he might take some interest in forming the company. I was to have a talk with you, because Longworth gave it as his opinion that the amount should be put at two hundred thousand pounds rather than at fifty thousand pounds.'
Wentworth gave a long whistle.
'Yes, it seems a very large amount; but he claims that if it would pay ten per cent. on that sum—if we could show that there was a reasonable chance of its paying so much—we could put it at two hundred thousand.'
'Well, that looks reasonable. What else did he say?'
'He did not say very much more about it, because I told him I should have to consult you.'
'And why didn't you? On board ship there was one of the best opportunities we could have had of having a talk with him. In fact, the whole matter might perhaps have been arranged there.'
'Oh, well, you know, I couldn't talk to you about it, because a certain circumstance arose, and you spent your time very much in the forward part of the steamer, sitting on a coil of rope and cursing the universe generally and yourself in particular'.
'Ah, yes, I remember, of course—yes. Very well, then, you have not seen young Longworth since, have you?'
'No, I have not.'
'Wouldn't the old gentleman go in for it?'
'His daughter seemed to think he would not, because the amount was too small.'
'Why couldn't he be got to go into it entirely by himself? If we put the price up to one hundred thousand pounds or two hundred thousand pounds, that ought to be large enough for him, if he were playing a lone hand.'
'Well, you see, I don't suppose they thought of going in for it at that, except as a matter of speculation. Of course, if they intended to buy some shares, it is not likely they would propose to raise the price from fifty thousand pounds to two hundred thousand pounds. Young Longworth spoke of dividing the profit. He claimed that whatever we made on fifty thousand pounds would be too small to be divided into three. I told him, of course, that you were my partner in this, and that is why he proposed the price should be made two hundred thousand pounds.'
'I suppose he seemed indifferent on the question whether it should pay a dividend on that amount of money or not?'
'He didn't mention that particularly—at least, he did not dwell upon it. He asked if it would pay a dividend on two hundred thousand, and I told him I thought it would pay ten per cent. if rightly managed; then he said of course that was its price, and we should be great fools to float it at fifty thousand pounds when it was really worth two hundred thousand.'
Wentworth pondered for a few minutes on this, tapping his pencil on the desk and knitting his brow.
'It seems an awful jump, from fifty thousand pounds to two hundred thousand pounds, doesn't it, John?'
'Yes, it does; it has a certain look of swindling about it. But what a glorious thing it would be if it could be done, and if it would pay the right percentage when we got the scheme working!'
'Of course I wouldn't be connected, nor you either, with anything that was bogus.'
'Certainly not. I wouldn't think for a moment of inflating it if I were not positive the property would stand it. I have been making, and have here in my pocket, an elaborate array of figures which will show approximately what the mine will yield, and I am quite convinced that it will pay at least ten per cent., and possible twelve or fifteen.'
'Well, nobody wants a better percentage on their money. Have you the figures with you?'
'Yes, here they are.'
'Very well, you had better leave them with me, and I will go over them as critically as if they were the figures of somebody I was deeply suspicious of, I hope they will hold water; but if they do not, I will point out to you where the discrepancies are.'
'But, you see, George, it is more a question of facts than of figures. I believe the whole mountain is made of the mineral which is so valuable, but I take only about an eighth of it as being possible to get out, which seems to me a very moderate estimate.'
'Yes, but how much demand is there for it? That is the real question. The thing may be valuable enough, but if there is only a limited demand—that is to say, if we have ten times the material that the world needs—the other nine parts are comparatively valueless.'
'That is true.'
'Do you know how many establishments there are in the world that use this mineral?'
'There are a great many in England, and also in the United States.'
'And how about the duty on it in the United States?'
'Ah, that I do not know.'
'Well, we must find that out. Just write down here what it is used for; then I shall try to get some information about the factories that require it, and also what quantities they need in a year. We shall have to get all these facts and figures to lay before the people who are going to invest, because, as I understand it, the great point we make is not on the mica, but on the other mineral.'
'Exactly.'
'Very