A Captain in the Ranks Part 29

When Duncan a.s.sumed control of the bank as its president, his first care was to acquaint himself minutely with its condition. In general he found its affairs in excellent shape, for Tandy was a skillful banker and, on the whole, a prudent one. There were many small loans to local shopkeepers which Duncan could not approve, and these he called in as they fell due, refusing to renew them. Beyond such matters he found nothing wrong till he came to examine the record of Tandy's own dealings with the bank.

There he found that in carrying on his multifarious enterprises, Tandy had been in the habit of borrowing and using the bank's funds in ways forbidden by the law of national banking. Had Tandy antic.i.p.ated his own removal from control he would doubtless have set his account in order so that no complaint could be made. As it was, Duncan found that he was at that very time heavily in debt to the inst.i.tution for borrowings made in evasion though possibly not in direct violation of a law carefully framed for the protection of stockholders and depositors.

The matter troubled Duncan sorely, and acting upon the resolution he had formed with regard to his relations with Barbara, he told her of it.

"I really don't know what to do," he said in a troubled tone. "Of course the money is perfectly safe. Tandy is good for two or three times the amount. And I learn that it is a practice among bank officers sometimes to stretch their authority and borrow their own bank's funds in this way."

"You say the thing is a violation of the law?" asked Barbara, going straight to the marrow of the matter after her uniform fashion.

"In effect, yes. I am not sure that it could be called a positive violation of law--it is so well hedged about with little fictions and pretenses--but it is plainly an evasion, and one which might get the bank into trouble with the authorities at Washington."

"You mean that it is something which the law intends to forbid?"

"Yes. It is in violation of the spirit of the law."

"Then I don't see why you should have any doubt as to what you ought to do."

"It is only that under the circ.u.mstances, if I press Tandy and call in these loans, it might look like an unworthy indulgence in spite on my part."

"I think you have no right to consider that. You have taken an oath to obey the law in the conduct of the bank, and----"

"How did you know that, Barbara?"

The girl flushed and hesitated. At last she said:

"I've been reading the national banking laws."

"What in the world did you do that for?"

"Why, I'm to help, you know. So as soon as I heard you were to be president of the bank I asked Mrs. Hallam to get Captain Hallam to lend me the books."

Duncan smiled and kept silence for a while.

"Was that wrong, or very foolish, Guilford? I can really understand the book."

"Of course you can, and it was neither wrong nor very foolish in you to try. It was only very loyal and very loving. But there was no occasion for you to do anything of the sort."

"But how can I help you if I don't try my best to understand the things you are dealing with?"

"As I said before," he answered tenderly, "it is very loyal and very loving of you to think in that way, and I thank you for it. But that isn't what I have had in mind when we have talked of your helping me. I have never had a thought of burdening you with my affairs except to ask for your sympathy when things trouble me, and your counsel on all points of right and wrong, and all that. You see, you have two things that I need."

"What are they?"

"A singularly clear insight into all matters of duty, and a conscience as white as snow. In this matter of Tandy's account, for example, you have helped me more than you imagine. You have seen my duty clearly, where I was in doubt about it, and you have prompted me to the resolute doing of it, regardless of my own feelings, or Tandy's, or of any other consideration whatever. Moreover, it is an immeasurable help to me simply to sit in your presence and feel that you want me to do right always. I think a.s.sociation with you would keep any man in the straight road. I _know_ that your love would do so."

"I am very, very glad," the girl answered with misty eyes, "but I must help in practical ways, too--in all ways. So I must do my best to understand all the things that you have to manage."

"G.o.d bless you!"

That was all he said. It seemed to him quite all there was to say. But early the next morning he sent a courteous note to Tandy, calling his attention to the "irregularity" of his relations with the bank, and asking him to call at once to set the matter right.

After he had sent off the note he continued his examination of the details of the bank's affairs. He had gone over the books very carefully. He had examined the notes held for collection and the like.

It remained only for him to make a personal inspection of the cash and securities held by the bank, and that was his task this morning.

He had not gone far with it when he came upon a small three-cornered slip of paper, with a memorandum penciled upon it. It lay in the midst of a bundle of greenbacks.

Looking at it carefully, Duncan turned sharply upon the teller who had charge of the currency, and demanded:

"What does this mean? Why did you not bring that to my attention sooner?"

Before the teller could reply with an excuse or explanation, Tandy was announced as waiting in the bank parlor to see Mr. Duncan.

Duncan slipped the sc.r.a.p of paper into his vest pocket, saying to the teller:

"Make a memorandum that I have possession of this."

Then he walked into the parlor.

There he received Tandy with cold dignity and marked reserve--more of coldness, more of dignity, and far more of reserve than he would have thought necessary if he had not found that sc.r.a.p of paper.

Before seating himself, he called in one of the bookkeepers, saying:

"Mr. Leftwich, I desire you to remain with Mr. Tandy and me, during the whole of our interview."

"Surely that is unnecessary, Duncan," said Tandy hastily. "I don't care to discuss my private affairs in the presence of a clerk."

"I have no intention to discuss your private affairs at all, Mr. Tandy,"

Duncan replied. "The matter concerning which I have asked you to call here, is not a private affair of yours or mine. It is a matter connected with the administration of the bank. Be seated, Mr. Leftwich."

"But I insist," said Tandy, with a good deal more of heat than he was accustomed to permit himself to show, "I insist upon a confidential interview."

"You cannot have it. I do not regard myself as upon confidential terms with you, nor do I think of you as a man with whom I desire to establish confidential relations."

"Do you mean to insult me in my own--in a bank that I founded, and in which I am still a large stockholder?"

"Perhaps you had better not press me to explain myself," answered Duncan with a calmness that emphasized his determination. "I might feel it necessary to mention some facts that otherwise there is no occasion for Mr. Leftwich to know."

"Oh, very well. I ought not to have expected courtesy at your hands."

"I think I must agree with you in that," answered Duncan. "In view of the circ.u.mstances--which, I may remind you, are of your own making--I really think you ought not to have expected courtesy at my hands.

Suppose we get down to business instead. What have you to suggest by way of arranging your affairs with the bank?"

"I don't know. I came here hoping and expecting that in view of all the circ.u.mstances you might be willing to let this matter of my loans from the bank rest between ourselves for a time."

Duncan was outwardly calm now, but inwardly he was in a towering rage, for Tandy's presence reminded him bitterly of the way in which the ex-banker had tried first to corrupt him and then to blast his reputation with a lie; and Tandy's manner clearly enough indicated that he had come to the bank in full expectation of warping him to his will in another matter involving his duty and his honor.

"How do you mean to 'let it rest'?" he asked, carefully controlling his voice.