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concessions are all right," insisted the other. "You can't deny that. You understand the Coast customs better than I do. Trading customs hold without endorsement from the Colonial Office."

Bones had to admit that that was a fact.

"I'll think it over," he said. "It appeals to me, old de Vinne. It really does appeal to me. Who own the shares?"

"I can give you a list," said Mr. de Vinne, with admirable calm, "and you'd be well advised to negotiate privately with these gentlemen. You'd probably get the shares for eighteen shillings." He took a gold pencil from his pocket and wrote rapidly a list of names, and Bones took the paper from his hand and scrutinised them.

Hamilton, a silent and an amazed spectator of the proceedings, waited until de Vinne had gone, and then fell upon his partner.

"You're not going to be such a perfect jackass----" he began, but Bones's dignified gesture arrested his eloquence.

"Dear old Ham," he said, "senior partner, dear old thing! Let old Bones have his joke."

"Do you realise," said Hamilton, "that you are contemplating the risk of a quarter of a million? You're mad, Bones!"

Bones grinned.

"Go down to our broker and buy ten thousand shares in old Mazeppa, Ham," he said. "You'll buy them on the market for nineteen shillings, and I've an idea that they're worth about the nineteenth part of a farthing."

"But----" stammered Hamilton.

"It is an order," said Bones, and he spoke in the Bomongo tongue.

"Phew!" said Hamilton. "That carries me a few thousand miles. I wonder what those devils of the N'gombi are doing now?"

"I'll tell you something they're not doing," said Bones. "They're not buying Mazeppa shares."

There were two very deeply troubled people in the office of Tibbetts and Hamilton. One was Hamilton himself, and the other was Miss Marguerite Whitland. Hamilton had two causes for worry. The first and the least was the strange extravagance of Bones. The second--and this was more serious--was the prospect of breaking to Sanders that night that he had been swindled, for swindled he undoubtedly was. Hamilton had spent a feverish hour canvassing City opinion on the Mazeppa Trading Company, and the report he had had was not encouraging. He had, much against his will, carried out the instructions of Bones, and had purchased in the open market ten thousand shares in the Company--a transaction duly noted by Mr. de Vinne and his interested partner.

"He is biting," said that exultant man over the 'phone. "All we have to do is to sit steady, and he'll swallow the hook!"

It was impossible that Marguerite Whitland should not know the extent of her employer's commitments. She was a shrewd girl, and had acquired a very fair working knowledge of City affairs during the period of her employment. She had, too, an instinct for a swindle, and she was panic-stricken at the thought that Bones was marching headlong to financial disaster. Hamilton had gone home to his disagreeable task, when the girl came from her office and stood, her hands clasped behind her, before the desk of the senior partner.

Bones peered up in his short-sighted way.

"Well, young miss?" he said quietly.

"Mr. Tibbetts," she began a little unsteadily, "I'm going to be very impertinent."

"Not at all," murmured Bones.

"I've been with you for some time now," said the girl, speaking rapidly, "and I feel that I have a better right to talk to you than--than----"

"Than anybody in the whole wide world," said Bones, "and that's a fact, dear young Marguerite."

"Yes, yes," she said hurriedly, "but this is something about business, and about--about this deal which you're going into. I've been talking to Captain Hamilton this afternoon, while you were out, and I know it's a swindle."

"I know that, too," said Bones calmly.

"But," said the puzzled girl, "you are putting all your money into it. Mr. Hamilton said that, if this failed, you might be ruined."

Bones nodded. Outwardly calm, the light of battle shone in his eye.

"It's a gamble, dear young typewriter," he said, "a terrific gamble, but it's going to turn out all right for did Bones."

"But Mr. Hamilton said you can't possibly make anything from the property--that it is derelict and worth practically nothing. Only a tenth of the stores are open, and the trading is----"

Bones smiled.

"I'm not gambling on the property," he said softly. "Oh, dear, no, young fiancee, I'm not gambling on the property."

"Then what on earth are you gambling on?" she asked, a little piqued.

"On me," said Bones in the same tone. "On poor old silly ass Bones, and I'm coming through!"

He got up and came across to her and laid his big hand on her shoulder gently.

"If I don't come through, I shan't be a beggar. I shall have enough to build a jolly little place, where we can raise cows and horses and vegetables of all descriptions, dear old typewriter. And if I do come through, we'll still have that same place--only perhaps we'll have more cows and a pig or two."

She laughed, and he raised her smiling lips to his and kissed them.

Mr. de Vinne had dined well and had enjoyed an evening's amusement. He had been to the Hippodrome, and his enjoyment had been made the more piquant by the knowledge that Mr. Augustus Tibbetts had as good as placed ten thousand pounds in his pocket. He was a surprised man, on returning to Sloane Square, to discover, waiting in the hall, his unwilling benefactor.

"Why, Mr. Tibbetts," he said, "this is a great surprise."

"Yes," said Bones, "I suppose it is, old Mr. de Vinne." And he coughed solemnly, as one who was the guardian of a great secret.

"Come in," said Mr. de Vinne, more genial than ever. "This is my little den"--indicating a den which the most fastidious of lions would not have despised. "Sit down and have a cigar, old man. Now, what brings you here to-night?"

"The shares," said Bones soberly. "I've been worrying about the shares."

"Ah, yes," said Mr. de Vinne carelessly. "Why worry about them, dear boy?"

"Well, I thought I might lose the opportunity of buying them. I think there's something to be made out of that property. In fact," said Bones emphatically, "I'm pretty certain I could make a lot of money if I had control."

"I agree with you," said the earnest Mr. de Vinne.

"Now the point is," said Bones, "I've been studying that list of yours, and it seems to me that the majority of the two hundred and fifty thousand shares issued are either held by you or by one of the Poles--jolly old Joe or jolly old Fred, I don't know which."

"Jolly old Fred," said Mr. de Vinne gravely.

"Now, if there's one person I don't want to meet to-night, or to-morrow, or any other day," said Bones, "it's Pole."

"There's no need for you to meet him," smiled de Vinne.

"In fact," said Bones, with sudden ferocity, "I absolutely refuse to buy any shares from Fred. I'll buy yours, but I will not buy a single one from Fred."

Mr. De Vinne thought rapidly.

"There's really no reason," he said carelessly. "As a matter of fact, I took over Fred's shares to-night, or the majority of them. I can let you have--let me see"--he made a rapid calculation--"I can let you have a hundred and eighty thousand shares at nineteen and nine."

"Eighteen shillings," said Bones firmly, "and not a penny more."

They wrangled about the price for five minutes, and then, in an outburst of generosity, Mr. de Vinne agreed.

"Eighteen shillings it shall be. You're a hard devil," he said. "Now, shall we settle this in the morning?"

"Settle it now," said Bones. "I've a contract note and a cheque book."

De Vinne thought a moment.

"Why, sure!" he said. "Let's have your note."

Bones took a note from his pocket, unfolded it, and laid it on the table, then solemnly seated himself at Mr. de Vinne's desk and wrote out the cheque.

His good fortune was more than Mr. de Vinne could believe. He had expected Bones to be easy, but not so easy as this.

"Good-bye," said Bones. He was solemn, even funereal.

"And, my friend," thought Mr. de Vinne, "you'll be even more solemn before the month's out."

He saw Bones to the door, slapped him on the back, insisted on his taking another cigar, and stood outside on the pavement of Cadogan Square and watched the rear lights of Bones's car pass out of sight. Then he went back to his study telephone and gave a number. It was the number of Mr. Fred Pole's house, and Fred Pole himself answered the call.

"Is that you, Pole?"

"That's me," said the other, and there was joy in his voice.

"I say, Pole," chuckled de Vinne, "I shall save you a lot of trouble."

"What do you mean?" asked the other.

"I've sold Bones my shares and yours too."

There was a deep silence.

"Did you hear me?" asked de Vinne.

"Yes, I heard you," said the voice, so strange that de Vinne scarcely recognised it. "How many did you sell?" asked Pole.

"A hundred and eighty thousand. I thought I could easily fix it with you."

Another silence.

"What did Bones say to you?"

"He told me he wouldn't do any more business with you."

"Good Heavens!" groaned Pole, and added, "Gracious Heavens!"

"Why, what's the matter?" asked de Vinne quickly, scenting danger.

"That's what he said to me," moaned the other. "Just hang on. I'll be round in a quarter of an hour."

Mr. Fred Pole arrived under that time, and had a dreadful story to unfold. At nine o'clock that evening Bones had called upon him and had offered to buy his shares. But Bones had said he would not under any circumstances----

"Buy my shares?" said de Vinne quickly.

"Well, he didn't exactly say that," said Fred. "But he gave me to understand that he'd rather buy the shares from me than from anybody else, and I thought it was such an excellent idea, and I could fix it up with you on the telephone, so I sold him----"

"How many?" wailed de Vinne.

"A hundred and fifty thousand," said Mr. Fred, and the two men stared at one another.

De Vinne licked his dry lips.

"It comes to this," he said. "Between us we've sold him three hundred and thirty thousand shares. There are only two hundred and fifty thousand shares issued, so we've got to deliver eighty thousand shares that are non-existent or be posted as defaulters."

Another long pause, and then both men said simultaneously, as though the thought had struck them for the first time:

"Why, the fellow's a rogue!"

The next morning they called upon Bones, and they were with him for half an hour; and when they went, they left behind them, not only the cheques that Bones had given them, but another
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