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Rh treasury again. Flannigan was approached for more capital; Flannigan quite reasonably urged that he had already supplied double the amount that the inventor had thought to be sufficient, and he refused, as he put it, to throw good money after bad. However, he lent S.-M. a thousand dollars to settle the most pressing claims, and since that time Sarsfield-Mitcham has been sinking deeper and deeper into debt, while Flannigan shrugs his shoulders, says he's very sorry, but will put no more cash in a scheme he considers a failure. The extravagant business manager has been discharged, but the mischief is already done. His daughter came over to this country hoping to interest you in the situation. If unsuccessful in this, the end is inevitable. The company will go into liquidation, a receiver will be appointed, and plant, office furniture, material, and patent auctioned off by the sheriff to the highest bidder. There can be practically no competition, for people will regard the enterprise as one of the numerous failures continually coming under the hammer. One of Flannigan's agents will buy everything, including the patent, at a nominal figure, and everyone who knows the circumstances will say just what you have said, that it is all Sarsfield-Mitcham's own fault. He had complete power, and made a mess of it."

"Peter, you credit Flannigan with almost diabolical subtlety. Does Miss Mitcham return to