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iven his verdict directly to the press; and thus it was that the Vice-president, opening one morning the _Journal of Commerce_ to the insurance page, found himself confronted by the headline:-- "Guardian Quits the Conference." Mr. O'Connor sank back into his chair with a sigh of relief, and carefully read and reread the article from beginning to end. It was very brief, stating simply that Mr. Wintermuth had sent to the Conference the resignation of the Guardian, for "reasons which could be better imagined than discussed," and proposed henceforward to conduct the operations of the company without reference to any "unequally restrictive restrictions." It was with positive buoyancy that the Vice-president delivered the paper into the hands of Jimmy, for its processional through the office. CHAPTER XII It was late afternoon in the drawing room of Miss Wardrop's house in Washington Square. The short November dusk was fading into night, and outside in the old Square, the street lights gleamed in the frosty air. In the fireplace, before which two people were sitting, a wood fire crackled, throwing fantastic shadows about the old room. Dinner at Miss Wardrop's was at half after seven. Just why Mr. Smith should have considered it necessary to drop in, on his way home from the Guardian, could no doubt have been better explained had his face not been shaded by his hand. The face in the room best worth seeing, however, was not so shaded, and Smith manifested no displeasure at the fact. He himself sat on the chimney seat, and he appeared to be less talkative than usual. His reticence may or may not have been understood by Miss Maitland, but if it were, she chose to pretend otherwise. "Why are you so very silent?" she finally asked. "Do you know, it isn't at all flattering. One might think your thoughts were a thousand miles away from here." "Well, perhaps some of them are," Smith confessed. "And I must really ask your pardon for thinking far away, when I am with you. And yet," he smiled slightly, "perhaps you also came in as an important factor in the background of those far-off thoughts." "If you are trying to stimulate my curiosity, you have been quite successful," said Miss Maitland, and she waited expectantly. "Do you remember Mr. O'Connor, the Vice-President of the Guardian?" Smith asked abruptly. "Yes. He was the one, wasn't he, who came into Mr. Wintermuth's office for a minute?"
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