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 perceived in this precocious enthusiast an embryonic captain of industry whose genius was about to disclose itself and lead them on to fortune.

"The year's business," George announced, in a voice that tried hard not to sound strained, "shows a total volume of $1,113,492.00; and the profits, after deducting all expenses for operation, payment of interest and other fixed charges and allowing ten per cent. for depreciation on plant, are $214,421.62."

Two hundred and fourteen thousand dollars profit on a capitalization of $250,000.00, not all of which was represented by cash or material! It was unbelievable. For a moment there was silence. They exchanged glances with each other, sidewise or over the tops of glasses, and Uncle Tommy Pence who had believed in George so heartily and financed him so generously, could not repress a chuckle and a sly kick under the table at the sometimes faint-hearted and pessimistic and always covetous Peattie.

George passed the sheet to Aaron Ward, who glanced at it reverently, and passed it to Peattie; Peattie gazed long and stickily and passed it to Uncle Tom who, with scarce a look, handed it on to Milton Morris and drummed impatiently upon the table for the next order.

The sensation was not due to the fact that this total of profits was great. All these men were