"It's a creditable idea, though I'm no sure it's as common as might be
desired. While I have to thank ye for it, I would not consider the
explanation altogether necessary." Nairn's eyes twinkled for a moment,
and then he turned seriously to Vane. "Now we come to another point--the
company's a small one, the mine is doing satisfactorily, and the moment's
favorable for the floating of mineral properties. If we got an option on
the half-developed claims near the Clermont and went into the market,
it's likely that an issue of new stock would meet with the favor of
investors."

"I suppose so," Vane responded. "I'll support such a scheme when I can
see how an increased capital could be used to advantage and am convinced
about the need for a smelter. At present that's not the case."

"I mentioned it as a duty---ye'll hear more of it. For the rest, I'm
inclined to agree with ye."

A few minutes later, Nairn went into the house with Carroll, and as they
entered he glanced at his companion.

"In the present instance, Mr. Vane's views are sound," he said. "But I
see difficulties before him in his business career."

"So do I," smiled Carroll. "When he grapples with them it will be by a
frontal attack."

"A bit of compromise is judicious now and then."

"In a general way, it's not likely to appeal to Vane. When he can't get
through by direct means, there'll be something wrecked. You'd better