original purpose. They had succeeded in getting the injunction, but the road had fought it tooth and nail, and finally carried it to the Supreme Court, where Judge Rossmore, after reserving his opinion, had finally sustained the injunction and decided against the railroad. That was the situation, and he would now like to hear from the members of the board. Mr. Grimsby rose. Self-confident and noisily loquacious, as most men of his class are in simple conversation, he was plainly intimidated at speaking before such a crowd. He did not know where to look nor what to do with his hands, and he shuffled uneasily on his feet, while streams of nervous perspiration ran down his fat face, which he mopped repeatedly with a big coloured handkerchief. At last, taking courage, he began: “Mr. Chairman, for the past ten years this road has made bigger earnings in proportion to its carrying capacity than any other railroad in the United States. We have had fewer accidents, less injury to rolling stock, less litigation and bigger dividends. The road has been well managed and”—here he looked significantly in Ryder's direction—“there has been a big brain behind the manager. We owe you that credit, Mr. Ryder!” Cries of “Hear! Hear!” came from all round the table. Ryder bowed coldly, and Mr. Grimsby continued: “But during the last year or two things have gone wrong. There has been a lot of litigation, most of which has gone against us, and it has cost a heap of money. It reduced the last quarterly dividend very considerably, and the new complication—this Auburndale suit, which also has gone against us—is going to make a still bigger hole in our exchequer. Gentlemen, I don't want to be a prophet of misfortune, but I'll tell you this—unless something is done to stop this hostility in the courts you and I stand to lose every cent we have invested in the road. This suit which we have just lost means a number of others. What I would ask our chairman is what has become of his former good relations with the Supreme Court, what has become of his influence, which never failed us. What are these rumours regarding Judge Rossmore? He is charged in the newspapers with having accepted a present from a road in whose favour he handed down a very valuable decision. How is it that our road cannot reach Judge Rossmore and make him presents?” The speaker sat down, flushed and breathless. The expression on every face showed that the anxiety was general. The directors glanced at Ryder, but his face was