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ake N.P.C. a dominant factor in the commercial life of the country. You don't care about that, but it was all a sort of commercial blackmail on certain fellows and interests to keep them from fighting N.P.C." Barclay hitched himself forward to the edge of his chair, and still held out his grappling-hook of a hand to hold them as he smiled and went on: "Well, I've been kind of swapping horses here for six months or so--trading my gilt-edged bonds and stuff for cash and buying up N.P.C. stock. I got a lot of it quietly--an awful lot." He grinned. "I guess that was square enough. I paid the price for it--and a little better than the price--because I had to." He was silent a few moments, looking at the fire. He meditated pleasantly: "There was some good in it--a lot of good when you come to think of it--but a fearful lot of bad! Well--I've saved the good. I just reorganized the whole concern from top to bottom--the whole blame rebate hopper. We had some patents, and we had some contracts with mills, and we had some good ideas of organization. And I've kept the good and chucked the bad. I put N.P.C. out of business and have issued stock in the new company to our minority whose stock I couldn't buy and have squeezed the water out of the whole concern. And then I took what balance I had left--every cent of it, went over the books for thirty years, and made what restitution I could." He grinned as he added: "But I found it was nearly whittlety whet. A lot of fellows had been doing me up, while I had been doing others up. But I made what restitution I could and then I got out. I closed up the City office, and moved the whole concern to St. Paul, and turned it over to the real owners--the millers and elevator men--and I have organized an industry with a capitalization small enough to make it possible for them to afford to be honest for thirty years--while our patents and contracts last, anyway." He put an elbow in the hollow of his hand, and the knuckles on his knee as he sat cross-legged, and drawled: "I wonder if it will work--" and repeated: "I wonder, I wonder. There's big money in it; she's a dead monopoly as she stands, and they have the key to the whole thing in the Commerce Department at Washington. They can keep her straight if they will." He paused for a while and went on: "But I'm tired of it. The great hulk of a thing has ground the soul out of me. So I ducked. Girls," he cried, as he turned toward them, "here's the wa
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