"Pooh! That's nothing! Hides were ridiculously high all last year, but they're on the drop now. Besides, these accountants always have to make out balance sheets from a pessimistic point of view."

"The present capital of the firm," Jacob commented, "seems to me astonishingly small."

"What's it figure out at?" Mr. Bultiwell enquired, with a fine show of carelessness. "Forty thousand pounds? Well, that is small--smaller than it's been at any time during the last ten years. Perhaps I have embarked in a few too many outside investments. They are all good 'uns, though. No use having money lying idle, Mr. Pratt, these days.

Now my idea was," he went on, striving to hide a slight quaver in his voice, "that you put in, say, eighty thousand pounds, and take an equal partnership--a partnership, Pratt, remember, in Bultiwell's....

Eh? What's that?"

Mr. Bultiwell looked up with a well-a.s.sumed frown of annoyance. A very fashionably dressed young lady, attractive notwithstanding a certain sullenness of expression, had entered the room carrying a great bunch of roses.

"So sorry, dad," she said, strolling up to the table. "I understood that you were alone. Here are the roses," she added, laying them upon the table without enthusiasm. "Are you coming up west for luncheon to-day?"

"My dear," Mr. Bultiwell replied, "I am engaged just now. By the bye, you know Mr. Pratt, don't you? Pratt, you remember my daughter?"

Jacob, whose memories of that young lady, with her ma.s.ses of yellow hair and most alluring smile, had kept him in fairyland for three months, and a little lower than h.e.l.l for the last two years, took fierce command of himself as he rose to his feet and received a very cordial but somewhat forced greeting from this unexpected visitor.

"Of course I know Mr. Pratt," she answered, "and I hope he hasn't altogether forgotten me. The last time I saw you, you bicycled over one evening, didn't you, to see my father's roses, and we made you play tennis. I remember how cross dad was because you played without shoes."

"Mr. Pratt is doubtless better provided in these days," Bultiwell observed with an elephantine smile. "What about running over to see us to-night or to-morrow night in that new car of yours, Pratt, eh?"

"Do come," the young lady begged, with a very colourable imitation of enthusiasm. "I am longing for some tennis."

"You are very kind," Jacob replied. "May I leave it open just for a short time?"

"Certainly, certainly!" Mr. Bultiwell agreed. "Sybil, run along and sit in the waiting-room for a few minutes. I'll take you up to the Carlton, if I can spare the time. May take Mr. Pratt, perhaps."

Sybil pa.s.sed out, flashing a very brilliant if not wholly natural smile into Jacob's face, as he held open the door. Mr. Bultiwell watched the latter anxiously as he returned slowly to his place. He was not altogether satisfied with the result of his subtle little plot.

"Where were we?" he continued, struggling hard to persevere in that cheerfulness which sat upon him in these days like an ill-fitting garment. "Ah! I know--eighty thousand pounds and an equal partnership.

How does that appeal to you, Mr. Pratt?"

"There were one or two points in the balance sheet which struck me,"

Jacob confessed, gazing down at his well-creased trousers. "The margin between a.s.sets and liabilities, though small, might be considered sufficient, but the liability on bills under discount seemed to me extraordinarily large."

Mr. Bultiwell's pencil, which had been straying idly over the blotting pad by his side, stopped. He looked at his visitor with a frown.

"Credits must always be large in our trade," he said sharply. "You know that, Mr. Pratt."

"Your credits, however," Jacob pointed out, "are abnormal. I ventured to take out a list of six names, on each one of whom you have acceptances running to the tune of twenty or thirty thousand pounds."

"The majority of my customers," Mr. Bultiwell declared, with a little catch in his breath, "are as safe as the Bank of England."

Jacob produced a very elegant morocco pocketbook, with gold edges, and studied a slip of paper which he held towards his companion.

"Here is a list of the firms," he continued. "I have interviewed most of them and made it worth their while to tell me the truth. There isn't one of them that isn't hopelessly insolvent. They are being kept on their legs by you and your bankers, simply and solely to bolster up the credit of the House of Bultiwell."

"Sir!" Mr. Bultiwell thundered.

"I should drop that tone, if I were you," Jacob advised coldly. "You have been a bully all your life, and a cruel one at that. Lately you have become dishonest. When the firm of Bultiwell is compelled to file its pet.i.tion in bankruptcy, which I imagine will be a matter of only a few weeks, I do not envy you your examination before the official receiver."

Mr. Bultiwell collapsed like a p.r.i.c.ked bladder. He shrivelled in his clothes. There was a whine in his tone as he subst.i.tuted appeal for argument.

"There's good business to be done here still," he pleaded. "Even if the firm lost a little money on those names, there are two of them at least who might weather the storm, with reasonable a.s.sistance. Pratt, they tell me you're pretty well a millionaire. I'm sorry if I was hard on you in the old days. If you won't take a partnership, will you buy the business?"

Jacob laughed scornfully.

"If I were ten times a millionaire," he said, rising to his feet, "I would never risk a penny of my money to rid you of the millstone you have hung around your neck. It is going to be part of my activity in life, Mr. Bultiwell, to a.s.sist nature in dispensing justice. For many years you have ruled the trade in which we were both brought up, and during the whole of that time you have never accomplished a single gracious or kindly action. You have wound up by trying to drag me into a business which is rotten to the core. Your accountants may be technically justified in reckoning that hundred and forty thousand pounds owed you by those six men as good, because they never failed, but you yourself know that they are hopelessly insolvent, and that the moment you stop renewing their bills they will topple down like ninepins.... I would not help you if you were starving. I shall read of your bankruptcy with pleasure. There is, I think, nothing more to be said."

Mr. Bultiwell sat in his chair, dazed, for long after Jacob had left him. His daughter reappeared and left at once, harshly dismissed. His clerks went out for lunch and returned at the appointed hour. Mr.

Bultiwell was seeing ghosts....

Jacob and his friend dined together that night in a well-known grill-room. Dauncey, to whom, in those days, every man seemed to be a brother and every place he entered a fairy palace, showed signs of distress as he listened to his companion's story.

"Dear friend," he remonstrated, "of what use in the world is revenge?

I do not suggest that you should throw your money away trying to help Bultiwell, but you might at least have left him alone."

Jacob shook his head. The corners of his mouth tightened. He spoke with grave seriousness.

"d.i.c.k," he said, "you are like the man who sympathises with the evil growth which it is the surgeon's task to remove. In the days of his prosperity, Bultiwell was a brute and a bully. His only moments of comparative geniality came when he was steeped in wine and glutted with food. His own laziness and self-indulgence paved the way to his ruin. He then became dishonest. He deliberately tried to cheat me; he stooped even to the paltry trick of remembering that I once admired his daughter, and dragged her in to complete his humiliation. Believe me, the world is a better place without its Bultiwells--a better and a healthier place--and where I find them in life, I am going to use the knife."

"You have used it this time perhaps even more effectually than you thought," Dauncey groaned, as he took an evening paper from his pocket and pa.s.sed it across the table. "Mr. Bultiwell shot himself in his office, late this afternoon. I did not tell you before, for fear it might spoil your dinner."

Jacob sipped his wine, unmoved.

"It was really the only thing left for him," was his brief comment.

Dauncey was once more the melancholy man.

"I hope that all your interventions, or whatever you may call them,"

he said, "won't end in the same way."

Jacob's eyes looked through the walls of the restaurant. A sudden impulse of fancy had carried him forward into that land of adventure to which he held the golden key. He felt the thrill of danger, the mystery of unknown places. He pa.s.sed from palace to hovel. He heard the curse of the defeated schemer, he felt the warmth and joy of grat.i.tude. All these figures, save one, were imaginary, and that one was always there, always watching, always with that look of reproach which he seemed already to see in her cold blue eyes. He fancied himself pleading with her, only to be scorned; hiding from the dangers she invoked; fancied her the protectress of his enemies, the evil genius of those whom he would have befriended. And all the time there lingered in the background of his mind the memory of that single evening when, angered by her father's condescension, she had chosen to be kind to him; had shown him the secret places in that wonderful garden, glorious with budding rhododendrons, fragrant with the roses drooping from the long pergola,--a little scene out of fairyland, through which he had walked under the rising moon like a man bewildered with strange happiness.

Richard leaned forward in his place.

"Are you seeing ghosts?" he asked curiously.

Jacob was suddenly back from that unreal world into which his magical prosperity had pitchforked him. He drained the gla.s.s which he raised to his lips with firm fingers.

"Ghosts belong to the past," he answered. "All that we have any concern with is the future."

CHAPTER V

Jacob, in the midst of those pleasant activities necessitated by his change of fortunes, found time to write a letter. He wrote it with great care and after many revisions, and not until after it was dispatched did he realise with how much anxiety he awaited the reply.