the First National Bank. Five minutes later the bank force was dancing
at the beck and call of a national bank examiner.

This examiner, Mr. J. Edgar Todd, proved to be a thorough one.

At the end of it all the examiner put on his hat, and called the
president, Mr. William R. Longley, into the private office.

"Well, how do you find things?" asked Longley, in his slow, deep
tones. "Any brands in the round-up you didn't like the looks of?"

"The bank checks up all right, Mr. Longley," said Todd; "and I find
your loans in very good shape--with one exception. You are carrying
one very bad bit of paper--one that is so bad that I have been
thinking that you surely do not realise the serious position it places
you in. I refer to a call loan of $10,000 made to Thomas Merwin. Not
only is the amount in excess of the maximum sum the bank can loan any
individual legally, but it is absolutely without endorsement or
security. Thus you have doubly violated the national banking laws, and
have laid yourself open to criminal prosecution by the Government. A
report of the matter to the Comptroller of the Currency--which I am
bound to make--would, I am sure, result in the matter being turned
over to the Department of Justice for action. You see what a serious
thing it is."

Bill Longley was leaning his lengthy, slowly moving frame back in his
swivel chair. His hands were clasped behind his head, and he turned a
little to look the examiner in the face. The examiner was surprised to
see a smile creep about the rugged mouth of the banker, and a kindly
twinkle in his light-blue eyes. If he saw the seriousness of the