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Rh Corvet's house last night; but I don't want you to doubt for a minute that I know you—and about your damning of Benjamin Corvet and your cry about saving the Miwaka!"

A flash of blood came to Spearman's face; Alan, in his excitement, was sure of it; but there was just that flash, no more. He turned, while Spearman sat chewing his cigar and staring at him, and went out and partly closed the door. Then, suddenly, he reopened it, looked in, reclosed it sharply, and went on his way, shaking a little. For, as he looked back this second time at the dominant, determined, able man seated at his desk, what he had seen in Spearman's face was fear; fear of himself, of Alan Conrad of Blue Rapids—yet it was not fear of that sort which weakens or dismays; it was of that sort which, merely warning of danger close at hand, determines one to use every means within his power to save himself.

Alan, still trembling excitedly, crossed to Corvet's office to await Sherrill. It was not, he felt sure now, Alan Conrad that Spearman was opposing; it was not even the apparent successor to the controlling stock of Corvet, Sherrill, and Spearman. That Alan resembled some one—some one whose ghost had seemed to come to Spearman and might, perhaps, have come to Corvet—was only incidental to what was going on now; for in Alan's presence Spearman found a threat—an active, present threat against himself. Alan could not imagine what the nature of that threat could be. Was it because there was something still concealed in Corvet's house which Spearman feared Alan would find? Or was it connected only with that some one whom Alan resembled? Who was it Alan resembled? His