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HE courts havin' decided," continued Breede, in staccato explosions, "that the 'quipment is nes'ry part of road, without which road would be tot'ly crippled, you will note these first moggige 'quipment bonds take pri'rty over first-moggige bonds, an' gov'n y'sef 'cordingly your ver' truly"

He glanced up at Bean, contracted his brows to a black menace and emitted a final detonation.

"'S all for 's aft'noon!"

He bit savagely into his unlighted cigar and began to rifle through a new sheaf of documents. Bean deftly effaced himself, with a parting glare at the unlighted cigar. It was a feature of Breede that no reporter ever neglected to mention, but Bean thought you might as well chew tobacco and be done with it. Moreover, the cigars were not such as one would have expected to find between the lips of a man whose present wealth was estimated at a round hundred million. Bulger, in the outer office, had given up trying to smoke them. He declared them to be the very worst that could be had for any money.

Before beginning the transcription of his notes, Bean had to learn the latest telephone news from the ball-ground. During the last half-hour he