“It will scarcely be worth saving, if in the condition represented, and all our funds dissipated.”

Fenwick sighed.  There was something in that sigh, as it reached the ears of Markland, which seemed like a mockery of trouble.  He raised his glance quickly to the agent’s face, and searched it over with the sharp eye of suspicion.  Fenwick bore this scrutiny without the faltering of a muscle.  If he comprehended its meaning, his consciousness thereof was in no way revealed.

“The Board will meet here at six o’clock this evening,” said he, quietly.  “In the mean time, you had better digest the information we have, and come prepared to aid us with your better judgment.  The crisis is one that demands calm, earnest thought and decisive action.”

“I will be here,” replied Markland, rising.  Then, with a formal bow, he left the agent’s office.

CHAPTER XXXIII.

THE time until six o’clock, the meeting-hour of the Board, was not spent by Mr. Markland in solitary thought.  He visited, during that period, three of the principal men interested in the business, and gleaned from them their views in regard to the late startling intelligence.  Most of them seemed utterly confounded, and no two had arrived at the same conclusion as to what was best to be done.  Nearly all were inclined to credit fully the report of Lyon’s having failed to pay the last three instalments on the Company’s land, and they denounced him bitterly.  These conferences had the effect of extinguishing all hope in the breast of Mr. Markland.  Even if the half of what he feared were true, he was hopelessly ruined.

At the hour of meeting, Markland assembled with the New York members of the Company, and two from Boston, who had been summoned on the day previous by telegraph.  The last communications received by Mr. Fenwick were again read, and the intelligence they brought discussed with more of passion than judgment.  Some proposed deferring all action until further news came; while others were for sending out an agent, with full powers, immediately.  To this latter view the majority inclined.  “If it be true,” suggested Markland, “that the—­Government has threatened to seize upon our property if the three instalments were not paid on the first of the present month, every thing may now be in its hands.”

“Lyon would hardly let it come to that,” said another, “He has in his possession the means of preventing such a catastrophe, by paying over one of the instalments, and thus gaining time.”

“Time for what?” was asked.  “If he mean to enrich himself at our expense, he can do it best now.  He is too shrewd not to understand that; if a question of his integrity arises, his further power to reach our funds is gone.”

“But he does not know that we have information of the unpaid instalments.”

“And that information may come from one who has an interest in ruining him,” said another.