“Are these amounts, then, uniform in size?”

“Not at all.  A hundred thousand dollars to you may be no more than five thousand to some other stockholder, and no less, on the other hand, than half a million to a third.  In every case the amount of the subscription is carefully considered.”

“Your directors have made a preliminary estimate of my financial standing?”

“Certainly.”

Kenmore smiled incredulously.  “Would it be asking too much to inquire what the inventory, made by your experts, shows?”

“One million two hundred thousand,” Gorham responded, promptly.  “Except for your unfortunate investment in the Arizona oil-wells a year ago, it might have been half a million more—­a loss which your fortunate connection during the past three years as a special partner in the well-known banking-house of Gilroy and Company has more than made up.”

The Senator sprang excitedly to his feet.  “By George! sir, by what power or authority do you make yourself aware of my private affairs down practically to the last penny?”

“I apologize, Senator, if I answered your question too literally,” Gorham replied, quietly.

“But how do you know it?”

“I neglected to state that the secret-service department of the Consolidated Companies excels in efficiency that of any government.  You can readily appreciate its importance.”

“And you know with equal minuteness the financial condition of every man on that list?”

Gorham nodded.  “Yes; and of every individual, corporation, business house, and government wherever it is of any value to us to know it.”

Kenmore again relapsed into silence.  He was experiencing a larger number of new sensations during his conference than he remembered ever having had aroused by any previous discussion.  He was angry with himself for having permitted the interview, he was incensed by the proposition itself and the apparent unassailability of the Companies, he was annoyed by Gorham’s good manners and his complete self-control.  Never once had this man, who appeared to have his finger upon the pulse of the world, allowed his attitude even to approach enthusiasm.  He simply presented facts, and then allowed them to tell their own story.

“You are at liberty, sir, to acquaint me with the transactions of the Consolidated Companies,” the Senator finally remarked.

“Probably a few specific cases will suffice,” Gorham responded, as if expecting to receive Kenmore’s permission.  “You will remember, perhaps, the apparently insurmountable complications which arose over the placing of the recent loan of fifty million dollars to the Chinese government, for their currency reforms and other necessary improvements.  As soon as the Consolidated Companies assumed the responsibility of the negotiations, all international bickerings ceased, for the Chinese, French, German, English, and American financiers knew that the loan would be