Simultaneously he felt sorry for old Paul. And such was his constraint that he made the motion of swallowing, and had all he could do not to blush.

Mr. Prohack might be a lamb in the City, but he had a highly trained mind, and a very firm grasp of the mere technique of finance. Therefore Sir Paul could explain himself succinctly and precisely in technical terms, and he did so—with much skill and a sort of unconsidered persuasiveness, realising in his rough commonsense that there was no need to drive ideas into Mr. Prohack's head with a steam-hammer, or to intoxicate him with a heady vapour of superlatives.

In a quarter of an hour Mr. Prohack learnt that Sir Paul was promoting a strictly private syndicate as a preliminary to the formation of a big company for the exploitation of certain options on Roumanian oil-territory which Sir Paul held. He learnt about the reports of the trial borings. He learnt about the character and the experience of the expert whom Sir Paul had sent forth to Roumania. He learnt about the world-supply of oil and the world-demand for oil. He learnt about the great rival oil-groups that were then dividing the universe of oil. He had the entire situation clearly mapped on his brain. Next he obtained some startling inside knowledge about the shortage of liquid capital in the circles of "big money," and then followed Sir Paul's famous club disquisition upon the origin of the present unsaleableness of securities and the appalling uneasiness, not to say collapse, of markets.

"What we want is stability, old boy. We want to be left alone. We're being governed to death. Social reform is all right. I believe in it, but everything depends on the pace. Change there ought to be, but it mustn't be like a transformation scene in a pantomime."

And so on.

Mr. Prohack was familiar with it all. He expected the culminating part of the exposition. But Sir Paul curved off towards the navy and the need of conserving in British hands a more than adequate gush of oil for the navy. Mr. Prohack wished that Sir Paul could have left out the navy. And then the Empire was reached. Mr. Prohack wished that Sir Paul could have left out the Empire. Finally Sir Paul arrived at the point.

"I've realised all I can in reason and I'm eighty thousand short. Of course I can get it, get it easily, but not without giving away a good part of my show in quarters that I should prefer to keep quite in the dark. I thought of you—you're clean outside all that sort of thing, and also I know you'd lie low. 

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