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"The long and short of it is," David said at last, "that you want to make a million dollars, without any trouble, and without any chance of loss. There are a good many others, Marquis."
"But they have not all the privilege," was the graceful rejoinder, "of knowing personally a Goliath of finance. You will pardon the allegory.
I take it from this morning's _Daily Express_."
"In my career," David continued, after a moment's pause, "you would perhaps be surprised to hear that I have done very little speculating.
I have made great purchases of railways, and land through which railways must run, because I knew my job and because I had insight.
The time for that is past now. To make money rapidly one must, as you yourself have already decided, speculate. I can tell you of a speculation in which I have myself indulged, but I do not for a moment pretend that it is a certainty. It was good enough for me to put in two million dollars, and if what I believe happens, my two millions will be forty millions. But there is no certainty."
The Marquis fidgeted in his chair.
"By what means," he asked tentatively, "could I interest myself in this undertaking?"
"By the purchase of shares," was the prompt reply.
The Marquis considered the point. The matter of purchasing anything presented fundamental difficulties to him!
"Tell me about these shares?" he invited. "What is the nature of the undertaking?"
"Oil."
The Marquis grew a little more sanguine. There was an element of fantasy about oil shares. Perhaps they could be bought on paper.
"Large fortunes have been made in oil," he said. "Personally, I am a believer in oil. Where are the wells?"
"In Arizona."
"An excellent locality," the Marquis continued approvingly. "What is the present price of the shares?"
"They are dollar shares," David replied, "and their present price is par. You may find them quoted in some financial papers, but as practically the entire holding is in my possession, the market for them is limited."
"Precisely," the Marquis murmured. "To come to business, Mr. Thain, are you disposed to part with any?"
David appeared to consider the matter.
"Well, I don't know," he said, "I've made something like twenty million dollars out of my railways, and I have about reached that point when speculations cease to attract."
The Marquis held on to the sides of his chair and struggled against the feeling almost of reverence which he feared might be reflected in his countenance.
"A very desirable sum of money, Mr. Thain," he conceded.
"It's enough for me," David acknowledged. "There are two million shares in the Pluto Oil Company, practically the whole of which stand in my name. If the calculations which the most experienced oil men in the States have worked out materialise, those shares will be worth ten million dollars in four months' time. Let me see," he went on, "two hundred and thirty thousand pounds is, roughly speaking, one million, one hundred and fifty thousand dollars. You can have two hundred thousand of my shares, if you like, at a dollar."
"This is exceedingly kind of you," the Marquis declared. "Let me see,"
he reflected, "two hundred thousand dollars would be--"
"A matter of forty thousand pounds."
"I see!" the Marquis ruminated. "Forty thousand pounds!"
"You are not, I am sure, a business man," his guest continued, "so you will pardon my reminding you that you can easily obtain an advance from your bankers upon the t.i.tle deeds of property, or a short mortgage would produce the amount."
"A mortgage," the Marquis repeated, as though the idea were a new one to him. "Ah, yes! I must confess, though, that I have the strongest possible objection to mortgages, if they can in any way be dispensed with."
"I suppose that is how you large English landowners generally feel,"
David remarked tolerantly. "If you would prefer it, I will take your note of hand for the amount of the shares, payable, say, in three months' time."
The Marquis upset the box of cigarettes which he was handling. He was not as a rule a clumsy person, but he felt strongly the need of some extraneous incident. He stood on the hearthrug whilst the servant whom he summoned collected the cigarettes and replaced them in the box. As soon as the door was closed, he turned to his guest.
"Your offer, Mr. Thain," he said, "is a most kindly one. It simplifies the whole matter exceedingly."
"You had better make the usual enquiries concerning the property," the latter advised. "I am afraid you will find it a little difficult over on this side to get exact information, but if you have any friends who understand oil prospecting--"
The Marquis held out his hand.
"It is not an occasion upon which a further opinion is necessary," he declared. "I approve of the locality of the property, and the fact that you yourself are largely interested is sufficient for me."
"Then any time you like to meet me at your lawyer's," David suggested, "I'll hand over the shares and you can sign a note of hand for the amount."
The Marquis considered the matter for a moment, thoughtfully. There was something about the idea of letting Mr. Wadham see him sign a promissory note for forty thousand pounds which occurred to him as somewhat precarious.
"Perhaps you have legal connections of your own here," he ventured.
"To tell you the truth, I have been obliged to speak my mind in a very plain manner to my own solicitors. I consider that they mismanaged the Vont case most shamefully. I would really prefer to keep away from them for a time."
David nodded.
"I have a letter to some lawyers, at my rooms," he said. "I will send you their address, and we can make an appointment to meet at their office."
The Marquis a.s.sented gravely. He considered that the matter was now better dismissed from further discussion.
"I have no doubt," he said, "that my sister would like to talk to you for a time. Shall we join the ladies?"
David threw away his cigar and professed his readiness. They crossed the hall and entered the drawing-room. There was one table of bridge, and Let.i.tia was seated with her sister on a divan near the window. The former sighed as she watched the entrance of the two men.
"Do look at father, Meg," she whispered. "I am perfectly certain he has been borrowing money."
Margaret shrugged her shoulders.
"What if he has, my dear!" she rejoined. "These people can afford to pay for their entertainment. I think it's rather clever of him."
Let.i.tia groaned.
"You have such ign.o.ble ideas, Meg," she said reprovingly. "Now I know I shall have to make myself agreeable to Mr. Thain, and I either like him or dislike him immensely. I haven't the least idea which."
"I shouldn't be surprised," her sister whispered, as Thain approached, "if he didn't help you presently to make up your mind."