"Certainly, certainly—true enough—but we credited you both for a large part of your assessments—I am sure that was in our letters."
"Of course that was in—I remember that."
"Ah, very well then. Now we begin to understand each other."
"Well, I don't see that we do. There's two months' wages due the men, and"
"How? Haven't you paid the men?"
"Paid them! How are we going to pay them when you don't honor our drafts?"
"Why, my dear sir, I cannot see how you can find any fault with us. I am sure we have acted in a perfectly straight forward business way. Now let us look at the thing a moment. You subscribed for 100 shares of the capital stock, at $1,000 a share, I believe?"
"Yes, sir, I did."
"And Mr. Sellers took a like amount?"
"Yes, sir."
"Very well. No concern can get along without money. We levied a ten per cent. assessment. It was the original understanding that you and Mr. Sellers were to have the positions you now hold, with salaries of $600 a month each, while in active service. You were duly elected to these places, and you accepted them. Am I right?"
"Certainly."
"Very well. You were given your instructions and put to work. By your reports it appears that you have expended the sum of $9,640 upon the said work. Two months salary to you two officers amounts altogether to $2,400—about one-eighth of your ten per cent. assessment, you see; which leaves you in debt to the company for the other seven-eighths of the assessment—viz, something over $8,000 apiece. Now instead of requiring you to forward this aggregate of $16,000 or $17,000 to New York, the company voted unanimously to let you pay it over to the contractors, laborers from time to time, and give you credit on the books for it. And they did it without a murmur, too, for they were pleased with
