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was an established method of revenue and he seemed to be obsessed with the belief that no Minister of the Crown would allow his oath of office to interfere with the acquisition of personal wealth. As their relations had ripened he had grown bolder and had organized a construction company with the object of using his "connection" to swing certain tenders for public works into the graft column. Nickleby had felt so sure of himself by this time that he even had proposed a contribution of $50,000 to the party campaign funds in return for "privileges." He had been told quite plainly that he would make such a contribution at his own risk. Nevertheless he had gone ahead with it on his own initiative. The money had mysteriously disappeared between the office of the construction company and its destination; it had never reached the party exchequer. Which brought the Honorable Milton Waring to the point of paying high compliment to the editor of the _Recorder_. He bowed to McAllister. He had never before quite realized, he said, what a debt all lovers of clean government owed to the press. No man with designs upon the public treasury could go very far without some journalistic watch-dog being on his trail, and it was so in the present instance. The Alderson Construction Company had aroused the suspicions of Mr. McAllister shortly after it became active. In some way he had learned of the proposed campaign fund contribution and, as it turned out, it was due to the zeal of a _Recorder_ reporter that Nickleby's contribution had been intercepted and photographed. It had then fallen into the hands of Mr. Benjamin Wade by accident and Mr. Wade had deposited the $50,000 in trust, pending proof of ownership. A few days ago Mr. Wade had come to him with these facts and also to warn him that the _Recorder_ was preparing to accuse him of being implicated with Nickleby and Blatchford Ferguson in a certain doubtful real-estate transaction. Not until then had he realized the risk which Mr. Ferguson and he had assumed in attempting to follow their own line of investigation in secret. The possibility that the hunter might in turn be hunted--and quite legitimately hunted on the face of it--had not occurred to them. They had taken Mr. McAllister into their confidence as soon as they realized the extent of his knowledge, and only his patience and co-operation had enabled them to carry their investigations to fruition. The real-
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