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olders, and he was convinced that the prevailing instinct which controlled their relations to the Consolidated Companies and to its transactions was self-interest pure and simple. There was no question that the Companies had accomplished important reductions in the necessities of life and in the cost of public utilities, as a result of which the people were radically benefited; but to Allen's untrained mind even this seemed to be a clever business policy from the exercise of which the corporation gained more than it gave. Already there had come to him a sense of apprehension as to what might happen if Mr. Gorham's restraining hand should lose its present power, and the control should fall into the hands of men such as he conceived Covington and his sympathizers to be; and lately the boy had regarded this chance as not altogether remote. Gorham never allowed Allen to discuss with him the personalities of any of the directors or stockholders with whom he came in contact. This was partly due to his feeling that Allen was not as yet competent to form opinions of any value, and partly to his general principle that he must hold his own mind unprejudiced in his duty toward his associates. For this reason, and for another which lay closer to his heart, the boy had never expressed to him his distrust of Covington, though he had been tempted to do so on more than one occasion. Now, however, during the absence of his chief from the offices, Allen felt sure that a crisis was near at hand. He knew that Covington was in constant communication with certain of the directors, and the nature of these conferences could perhaps be divined by the growing discontent which he saw developing among those upon whom he knew Gorham depended as his most valued lieutenants. He had been brooding over matters so long that this new and tenser situation, as he saw it, made him feel it to be his duty to talk it over with Gorham. He was none too sure that his doubts would be shared or even accepted, and this uncertainty added to his apprehensiveness in breaking over what he knew to be his chief's implied commands. This was his first experience in a business office, and it might be that what caused him anxiety was only a part of the day's work, to be found in any similar establishment. Still, he determined to free his mind of its ever-present burden, and he selected the time shortly after Gorham's return from Washington. Gorham listened to Allen's repor
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