“I can’t understand these statements, Harold,” said Compton.  “Here is one for August of last year and this is this August’s statement of costs.  We never had a better month in the history of this organization than last month, and yet our profits are not commensurate with the volume of business that we did.  That’s the reason I sent for these cost statements and have compared them, and I find that our costs have increased out of all proportions to what is warranted.  How do you account for it?”

“Principally the increased cost of labor,” replied Bince.  “The same holds true of everybody else.  Every manufacturer in the country is in the same plight we are.”

“I know,” agreed Compton, “that that is true to some measure.  Both labor and raw materials have advanced, but we have advanced our prices correspondingly.  In some instances it seems to me that our advance in prices, particularly on our specialties, should have given us even a handsomer profit over the increased cost of production than we formerly received.

“In the last six months since I appointed you assistant manager I am afraid that I have sort of let things get out of my grasp.  I have a lot of confidence in you, Harold, and now that you and Elizabeth are engaged I feel even more inclined to let you shoulder the responsibilities that I have carried alone from the inception of this organization.  But I’ve got to be mighty sure that you are going to do at least as well as I did.  You have shown a great deal of ability, but you are young and haven’t had the advantage of the years of experience that made it possible for me to finally develop a business second to none in this line in the West.

“I never had a son, and after Elizabeth’s mother died I have lived in the hope somehow that she would marry the sort of chap who would really take the place of such a son as every man dreams of—­some one who will take his place and carry on his work when he is ready to lay aside his tools.  I liked your father, Harold.  He was one of the best friends that I ever had, and I can tell you now what I couldn’t have you a month ago:  that when I employed you and put you in this position it was with the hope that eventually you would fill the place in my business and in my home of the son I never had.”

“Do you think Elizabeth guessed what was in your mind?” asked Bince.

“I don’t know,” replied the older man.  “I have tried never to say anything to influence her.  Years ago when she was younger we used to talk about it half jokingly and shortly after you told me of your engagement she remarked to me one day that she was happy, for she knew you were going to be the sort of son I had wanted.

“I haven’t anybody on earth but her, Harold, and when I die she gets the business.  I have arranged it in my will so you two will share and share alike in profits after I go, but that will be some time.  I am far from being an old man, and I am a mighty healthy one.  However, I should like to be relieved of the active management.  There are a lot of things that I have always wanted to do that I couldn’t do because I couldn’t spare the time from my business.