I cabled the directors, and received a prompt reply in the single word "Tootsums," which in our code meant, "Must absolutely and finally decline to entertain any applications." I communicated the contents of the cable to Senor Don Antonio de la Casabianca, the Minister of Finance, who had, of course, communicated them in turn to the President.
I ventured to remind his Excellency of these facts.

He heard me with silent attention.
"I fear," I concluded, "therefore, that it is impossible for me to be of any assistance to your Excellency." He nodded, and gave a slight sigh.

Then, with an air of closing the subject, he said: "I suppose the directors are past reason.

Help yourself to a brandy and soda." "Allow me to mix one for you, sir," I answered.
While I was preparing our beverages he remained silent.

When I had sat down again he said: "You occupy a very responsible position here for so young a man, Mr.
Martin--not beyond your merits, I am sure." I bowed.
"They leave you a pretty free hand, don't they ?" I replied that as far as routine business went I did much as seemed good in my own eyes.
"Routine business?
including investments, for instance ?" he asked.
"Yes," said I; "investments in the ordinary course of business--discounting bills and putting money out on loan and mortgage over here.