Both gentlemen greeted Mr.Turner as one toward whom they were already highly predisposed, and Mr.Princeman and Mr.Westlake also shook hands most cordially, as if Sam had been gone for a day or two.

Mr.McComas placed a chair for him.
"We just happened to mention your marsh pulp idea, and Mr.Cuthbert and Mr.Blackrock were at once very highly interested," observed McComas as they sat dawn.

"Mr.Blackrock suggests that he don't see why you need wait for the issuance of the letters patent, at least to discuss the preliminary steps in the forming of your company." "Why, no, Mr.Turner," said Mr.Blackrock, suavely and smoothly; "it is not a company anyhow, as I take it, which will depend so much upon letters patent as upon extensive exploitation." "Yes, that's true enough," agreed Sam with a smile.

"The letters patent, however, should give my kid brother and myself, without much capital, controlling interest in the stock." Upon this frank but natural statement the others laughed quite pleasantly.
"That seems a plausible enough reason," admitted Mr.Westlake, folding his fat hands across his equator and leaning back in his chair with a placidity which seemed far removed from any thought of gain.

"How did you propose to organize your company ?" "Well," said Sam, crossing one leg comfortably over the other, "I expect to issue a half million participating preferred stock, at five per cent., and a half-million common, one share of common as bonus with each two shares of preferred; the voting power, of course, vested in the common." A silence followed that, and then Mr.Cuthbert, with a diagonal yawing of his mouth which seemed to give his words a special dryness, observed: "And I presume you intend to take up the balance of the common stock ?" "Just about," returned Mr.Turner cheerfully, addressing Cuthbert directly.