the promoter, Stephen F. Ellis, has grown from nothing to everything, has consolidated businesses, mastered the city affairs, holds all the reins, pulls all the wires. The reform politicians have never harmed him. The fashionable people, according to their wont, for years have avoided publicity and let things go. The man among them who, in a generation, alone has ventured into the field of thoroughly modern enterprise, has failed signally, though most gallantly, and in the prime of his youth stands amid the ruins of a career. The very honour which was his inheritance brought him low. He had been a contrast to Ellis in the openness of his methods and the rapidity of his success. To organise all the street-railways of his city, to force his personality upon the stockholders of three lines, and to weld the old clumsy systems into one efficient whole—that was George Mather's achievement. To be head and shoulders above all others of his years as the street-railway president, yes, and as the man in whom the reform politicians built their best hopes—that was his pride, and his class was proud of him. But his strength was his weakness, for he used no trickery and he kept his word. Therefore by a business stroke undertaken against him in the face of an agreement, a method not so analogous to a stab in the back as to the adroit administering of poison in a loving-cup, Mather was upon a certain spring morning, at a certain stock-holders'[Pg 5] meeting, by a small but neat majority voted out of office, and stood robbed of the best fruits of his labours. [Pg 5] Those who saw him that afternoon upon the golf-course marvelled as he played his match with the precision of a machine. Had the man no nerves? But though thus he proved—to others, not to himself—that he could bear misfortune without flinching, it was with unspeakable relief that at last he slipped away into an empty corner of the club-house, whence he could hear only the buzz of the Saturday crowd on the grounds outside. The tension of the last few hours relaxed suddenly, and now that he was freed from the gaze of others he gave way almost to despair. The silver cup which he had won he tossed upon the table, and dropping his clubs upon the floor he threw himself into a chair. Beaten! To have stood so high in the little city, to fall so suddenly, and to lose so much! True, he had made money; he had gained the support of the rich men of his class, who had assured him that they would wait their chance to set him again in his place. But it was Ellis who had seized that place: when had Ellis ever given up anything which he