crimes as deserving of greater punishment.  I cannot tell how much of a lesson this may be to you.  It will, of course, be necessary for you to leave New York, as the committee, however much they may criticise my code, have one of their own which you have transgressed.  As far as I am concerned, you may have no anxiety.  I have too many important matters in hand to wish to divert myself from them simply to make you pay the penalty you owe me.”

“I am implicated deeper than you know, but I am here to make terms rather than accept them,” Covington replied.  “I do not choose to begin life over again, and I require your definite assurances that whatever you know or may learn against me be kept from the knowledge of the committee.  At present I hold their confidence, and I am not willing to relinquish it.  What I have done in this stock transaction will not strike them as so serious a matter as you make of it.  I venture to say that I am not the only one of them to do it.”

Gorham looked at him keenly.  “This is the talk of a man bereft of his senses.”

“I told you I was desperate, and so I am.  I have been working all my life to gain the position of wealth and power which is now within my grasp, and you shall not keep me from it.”

“You yourself have made its attainment impossible.”

“Next to you, I am the one man most competent to conduct the affairs of the Consolidated Companies.  You yourself have trained me to be your successor.  The committee know this, and they also know that with me at the head, the Companies will be run as they wish it.  They are eager to have the change, and only fear your influence against the corporation if they force you out.”

“All that may have been true, Covington, in the past.  Not one of them would trust you now.”

“They know nothing which reflects upon my character, and they must not know.  You and they can never continue together,—­it is hopeless to expect a compromise.  I am the only man who can hold these forces together, and you must give me this chance.”

Gorham could only believe that the excitement which controlled Covington had affected him to the extent of irresponsibility, and his unusual manner heightened the impression.

“I see no reason to continue this interview,” he said shortly.  “You speak of what must and shall happen when the shaping of events has already passed from your control.”

“You think it has, Mr. Gorham; but that is where the gambler’s chance comes in.  It is a desperate chance, and it is one which I could never have believed myself capable of taking.  It simply shows how far a man will go when forced against the wall.”

“I am tiring of this play-acting,” protested Gorham.  “If you have anything to say, say it, or else leave me to devote my time to matters which require it.”

Covington hesitated even then.  The weapon was an ugly one to handle, and there were elements in him which rebelled.  Slowly he drew the bulky paper from his pocket, not meeting Gorham’s steady gaze.