With the news of Golding's death this broker enters the pit as a seller.

There are now but twenty minutes left before the closing of 'Change, yet by cautious work he will be able to sell out his holdings at the inflated prices that prevail. He alone of all the members of the Exchange knows that the greatest American financier is dead. On the morrow every stock on the list will depreciate. Now is the time for him to unload.

A hundred bidders are eager to buy the stock he offers. He reaps a fortune in the quarter of an hour before the 'Change closes; the rest of the brokers heap up trouble for the morrow. Five minutes before three the news of Golding's death is brought to the brokers. It is too late.

In their frenzy the men fear either to buy or sell. The floor is a veritable bear pit. Men swear and rage in impotent grief as they realize that they have brought ruin upon themselves by their rash speculation.

While this scene is in progress the world is being told of the death of the great Financier.

It will be recalled that to William Nevins was a.s.signed the task of ending the career of James Golding. He has worked secretly, as have all the other members of the Committee of Forty. Now his role as shadow of the financier leads him to New York, while some banking scheme is being consummated; now he is rushing across the continent to be near the Magnate in San Francisco; the last trip takes him to Europe.

At the time he began to study the movements of Golding, the Magnate was in London and thither Nevins went; he was detained there, on that occasion, but three days. On the voyage back to the United States he was afforded an excellent opportunity to observe Golding. Nevins became acquainted with the man whose life he was to take, through a business proposition in regard to an investment. He professed to represent a syndicate of French investors which was negotiating to purchase and work a gold mine in Lower California. According to his story, he had secured the necessary privileges from the Mexican government. Golding was invited to be a partic.i.p.ant in the enterprise, which was destined to prove a bonanza.

Plausible, suave, intelligent, Nevins has impressed the Magnate most favorably. So when Nevins proposes that he accompany Golding to Europe to introduce him to the French capitalists, the financier readily agrees.

As traveling companions on the millionaire's yacht, the two men leave New York on September twentieth. Golding is bent on the successful launching of the big bond issue, with the gold mining scheme as a secondary consideration; Nevins has only the awful work before him to consider. London becomes the permanent abode of the two, their trips to France being short and frequent.

The newly constructed Channel tunnel connecting England with the continent is a transportation improvement which makes it possible for one to leave London, at ten o'clock in the morning and be in Paris at one in the afternoon. The Air line to Paris enters the sub-marine tunnel at a point twelve miles north of Dover and emerges on the plains eight miles south of Calais. As an engineering feat the construction of the tunnel has been heralded as unparalleled.

It is by this speedy route that Golding and Nevins make three trips to Paris. The Committeeman contrives to interest several French bankers in his supposit.i.tious mine, and by artful manipulation he brings these bankers and the American Money King together in preliminary negotiations.

On October twelfth the two are to effect a final understanding with the members of the French syndicate. The newspapers have given an inkling of the transactions, and have run stories to the effect that Golding is negotiating with a French banker for rich gold lands in Mexico.

Independently of Nevins, the bond issue plan has been developed by Golding and the time for announcing the fact is this same twelfth day of October.

Knowing the result that will be produced on American securities, he delays the announcement until the London Exchange closes for the day. He knows that immediately after making the news public, he is to leave London, for Paris to be gone until the twentieth. Thus he will avoid being interviewed.

Golding has calculated that the difference in time of five hours between London, and New York will result in the announcement being cabled for the opening of the New York Exchange. This would be the result did not a number of large London speculators, who hold American securities, determine to hold back the messages until they apprise their New York representatives of the matter and advise them how to act.

The monopoly of the cable is obtainable by an easy means. All four of the lines which communicated with the United States are leased. Messages rumoring important developments in the China alliance question are transmitted and suffice to explain the cessation of other news--the Government is supposed to be using the cables.

Despite the efforts of the speculators, an enterprising correspondent of a New York News a.s.sociation succeeds in sending the news of the bond issue announcement, so that it is received on 'Change at two o'clock.

From another source the message of death is cabled fifteen minutes before the closing of the market.

Golding and Nevins lunch together before starting for Paris.

"I have closed a deal to-day that will net me twenty-five million dollars within six weeks," Golding confides to Nevins with an air of satisfaction. He might be a retail merchant discussing trade with a neighbor and relating the result of a barter which will net him a profit of a hundred dollars, for there is no stronger emotion in his speech or manner than would be evoked by such a commonplace transaction. Yet this man has just arranged a financial deal which is to maintain the stability of the currency of a Nation of a hundred millions of people.

"Then it is true that you are to shoulder the responsibility of disposing of the United States bond issue?" Nevins inquires with a semblance of interest. "What would that Republic do if it were not for its public spirited men of wealth? Republics are all right when they are curbed by the conservative elements, but when the riff-raff gets the reins in hand, then there is always trouble."

"The days of mob rule in America are over," Golding declares. "It was no easy matter to wean the people of the fallacious idea that a proletariat could manage the finances of the country."

"When our mine is in operation you will not have to seek the aid of England in taking bonds off the hands of the Treasurer of the United States, will we?" Nevins asks.

"That's just the point," exclaims Golding. They talk on in this strain until the meal is finished.

"We have ten minutes to get to the terminal," says Nevins, consulting his watch.

"O, that will be ample time. It only takes five minutes to ride there."

When the train is reached, Golding looks at his watch. "There, I told you we could make it in five minutes. I am always just on time. Never a minute too soon or a minute too late. Time is money. Perhaps I am the wealthiest man in America, if not in the world, because I know the value of time."

"That certainly is the secret of your success," Nevins declares blandly.

The Special Paris Express is composed of six coaches and the motor; this train runs at an average speed of sixty-two miles an hour. It is the fastest train on the continent. So that they may not be disturbed, the mine promoters have arranged to occupy a private car attached to the rear of the train. This car they enter. Nevins carries a small hand-satchel which he declines to give over to the willing porter.

The superintendent of the road is on hand to see that the influential patrons are properly cared for; he has received his instructions from the president, who is an intimate friend of James Golding.

The signal is given and the express starts.

In an incredibly short time the tunnel is reached. As the train rushes into the darkness, Golding notices that the electric lights have not been turned on.

"Ring for the porter, will you, Mr. Tabort," he asks of Nevins, whom he knows only as M. Emile Tabort.

"But where is the b.u.t.ton? Ah, I have an idea," replies Nevins. "I shall go into the forward car and find the porter; it will not take a minute."

The car is engulfed in pitchy darkness, save for a glimmer of diffused light that comes from the cars ahead.

"Hurry, won't you; I hate to be in darkness," says Golding, uneasily.

"I won't keep you waiting long," calls back Nevins, who is half way to the door.

He turns to look at the Magnate. A vague shadowy form is all that he can discern in the gloom.

"So here is where you are to end a life of mammon-worship," Nevins mutters as he steps upon the platform of the forward car.

He bends down, and with a strong, quick jerk uncouples the rear car.

For a few seconds the detached car keeps up with the train, then as its momentum is exhausted, a rapidly widening gap is made.

"In five minutes you will have light," Nevins calls grimly, as he looks at the fading car.

The train rushes ahead with speed that is imperceptibly increased.

Nevins climbs to the top of the car and crawls toward the front of the train. He works his way to the coach immediately behind the motor.

Standing on the platform he removes his coat and trousers and reappears arrayed in the common suit of a train hand. A soft cap completes the disguise.

A faint rumble reaches his ears.

"_The first Magnate has fallen_" he whispers, as if confiding a secret.

"Yes; I have carried out my plan. James Golding is buried at the bottom of the Channel. The time-fuse worked."

When the train emerges from the tunnel it is stopped by the signals of the Block station. The operator inquires if anything has gone wrong. He has been unable to communicate with the English station for more than fifteen minutes, and supposes that the wires have been deranged. Then it is that the loss of the rear car is discovered.

While the trainmen and pa.s.sengers discuss the matter, a sound from the tunnel reaches their ears; a roar resembling a series of dynamite explosions.

"The tunnel has caved in!" exclaimed the conductor. "Get aboard, for your lives!"

A rush is made for the train, and in half a minute it pulls away from the mouth of the tunnel at top speed.

From the rear car the tunnel is visible. The train is five hundred yards away when the waters burst from the mouth of the tunnel.