Mr.
Sellers were to have the positions you now hold, with salaries of $600 a
month each, while in active service. You were duly elected to these
places, and you accepted them. Am I right?"

"Certainly."

"Very well. You were given your instructions and put to work. By your
reports it appears that you have expended the sum of $9,610 upon the said
work. Two months salary to you two officers amounts altogether to
$2,400--about one-eighth of your ten per cent. assessment, you see; which
leaves you in debt to the company for the other seven-eighths of the
assessment--viz, something over $8,000 apiece. Now instead of requiring
you to forward this aggregate of $16,000 or $17,000 to New York, the
company voted unanimously to let you pay it over to the contractors,
laborers from time to time, and give you credit on the books for it.
And they did it without a murmur, too, for they were pleased with the
progress you had made, and were glad to pay you that little compliment
--and a very neat one it was, too, I am sure. The work you did fell short
of $10,000, a trifle. Let me see--$9,640 from $20,000 salary $2;400
added--ah yes, the balance due the company from yourself and Mr. Sellers
is $7,960, which I will take the responsibility of allowing to stand for
the present, unless you prefer to draw a check now, and thus----"

"Confound it, do you mean to say that instead of the company owing us
$2,400, we owe the company $7,960?"

"Well, yes."

"And that we owe the men and the contractors nearly ten thousand dollars
besides?"

"Owe them! Oh bless my soul, you can't mean that you have not paid these
people?"

"But I do mean it!"

The president rose and walked the floor like a man in bodily pain. His
brows contracted, he put his hand up and clasped his forehead, and kept
saying, "Oh, it is, too bad, too bad, too bad! Oh, it is bound to be
found out--nothing can prevent it--nothing!"

Then he threw himself into his chair and said:

"My dear Mr. Brierson, this is dreadful--perfectly dreadful. It will be
found out. It is bound to tarnish the good name of the company; our
credit will be seriously, most seriously impaired. How could you be so
thoughtless--the men ought to have been paid though it beggared us all!"

"They ought, ought they? Then why the devil--my name is not Bryerson, by
the way--why the mischief didn't the compa--why what in the nation ever
became of the appropriation? Where is that appropriation