“Play for time,” advised the other.  “Go back there with a stiff upper lip and tell ’em you won’t be bulldozed or hurried.  Then we’ll have a council.”

“Suppose they demand an answer.”

“Refuse.  See here, Hal.  I know Pierce.  He’d never give up his revenge, for any good he could do to the cause of the city by holding off the ‘Clarion’ on this Old Home Week business if there weren’t something else.  Pierce isn’t built that way.  That bargain offer is mighty suspicious.  There’s a weak spot in his case somewhere.  Hold him off, and we’ll hunt for it.”

None could have guessed, from the young editor’s bearing, on his return, that he knew himself to be facing a crucial situation.  With the utmost nonchalance he insisted that he must have time for consideration.  Influenced by Pierce, who was sure he had Hal beaten, the committee insisted on an immediate reply to their ultimatum.

“You go up against this bunch,” advised Stensland, “and it’s dollars to doughnuts the receiver’ll have your ‘Clarion’ inside of six months.”

Hal leaned indolently against the door.  “Speaking of dollars and doughnuts,” he said, “I’d like to tell you gentlemen a little story.  You all know who Babson is, the biggest stock-market advertiser in the country.  Well, Babson’s vanity is to be a great man outside of his own line.  He owns a big country place down East, near the old town of Singatuck; one of the oldest towns on the coast.  Babson is as new as Singatuck is old.  The people didn’t care much about his patronizing ways.  Nevertheless, he kept doing things to ‘brace the town up,’ as he put it.  The town needed it.  It was about bankrupt.  The fire department was a joke, the waterworks a farce, and the town hall a ruin.  Babson thought this gave him a chance to put his name on the map.  So he said to his local factotum, ’You go down to the meeting of the selectmen next week, shake a bagful of dollars in front of those old doughnuts, and make ’em this proposition:  I’ll give five thousand dollars to the fire department, establish a water system, rebuild the town hall, pay off the town debt and put ten thousand dollars into the treasury if they’ll change the name of the town from Singatuck to Babson.’

“The factotum went to the meeting and presented the proposition.  Now Singatuck is proud of its age and character with a local pride that is quite beyond the Babson dollars or the Babson type of imagination.  His proposition aroused no debate.  There was a long silence.  Then an old moss-farmer who hadn’t had money enough to buy himself a new tooth for twenty years arose and said:  ’I move you, Mister Chairman, that this body thank Mr. Babson kindly for his offer and tell him to go to hell.’

“The motion was carried unanimously, and the meeting proceeded to the consideration of other business.  I cite this, gentlemen, merely as evidence that the disparity between the dollar and the doughnut isn’t as great as some suppose.”