place with its brass-work, plate-glass and gilding was somewhat of a shock to me; but the business is flourishing. Mining speculation was quite out of my father's line, but Leonard makes it pay."
"I've a few thousands in the African concern," Wannop remarked with complacent satisfaction. "As it looks as if I'd get my money back in about seven years, I wish I'd put in twice as much."
Hilda let her eyes rest on the fading outline of the grim old peel.
"Well," she said, "I don't agree with Leonard's methods. They're vulgarly assertive, and the new offices strike me as being out of place. Allinson's ought to be more dignified. Even when we stole cattle from the Scots in the old days we did so in a gentlemanly way."
"Is stealing ever gentlemanly?" Wannop inquired.
"It's sometimes less mean than it is at others. Though I've no doubt that we robbed the Armstrongs and the Elliots, I can't think that we plundered our neighbors or took a bribe to shut our eyes when the Scots moss-troopers were riding up the dale. The Allinsons couldn't have betrayed the English cause, as some of the Borderers did."
"No," said Wannop, "it would certainly have been against their traditions. And in times that we know more about, nobody has ever questioned the honor of the House."
Andrew looked up with a reserved smile.
"I don't think it's likely that anybody ever will."
He got up and started toward the house.
"I must have a talk with Leonard," he said.
When he had left them, Wannop turned to the others.
"Now and then you can see the old stock in Andrew; and, after all, he has a controlling interest in the firm."
"Andrew may not do much good," Hilda declared, "but he'll do Allinson's no harm. He'll stick to the best of the old traditions." She paused with a laugh. "Perhaps we're silly in our family pride and sometimes think ourselves better than our neighbors with very little reason; but it's a clean pride. We're a mercantile family, but Allinson's has always ranked with the Bank of England."
When Andrew reached the library, his brother-in-law sat at a writing-table on which stood a tall silver lamp. The light fell in a sharply defined circle on the 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
