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“Very well,” said Ryder. “Then I will tell you that the syndicate of which I speak is composed of myself and John S. Price, who has recently acquired control of the Mississippi Steel Company. You will find out without difficulty what Price's reputation is; he is the one man in the country who has made any real headway against the Trust. The business of the Mississippi Company has almost doubled in the past year, and there is no limit to what it can do, except the size of the plant and the ability of the railroads to handle its product. This new plan would have been taken up through the Company, but for the fact that the Company's capital and credit is involved in elaborate extensions. Price has furnished some of the capital personally, and I have raised the balance; and what we want now is an honest man to whom we can entrust this most important project, a man who will take the road in hand and put it on its feet, and make it of some service in the community. You are the man we have selected, and if the proposition appeals to you, why, we are ready to do business with you without delay.”

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For a minute or two Montague was silent; then he said: “I appreciate your confidence, Mr. Ryder, and what you say appeals to me. But the matter is a very important one to me, as you can readily understand, and so I will ask you to give me until to-morrow to make up my mind.”

“Very well,” said Ryder.

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Montague's first thought was of General Prentice. “Come to me any time you need advice,” the General had said; so Montague went down to his office. “Do you know anything about John S. Price?” he asked.

“I don't know him very well personally,” was the reply. “I know him by reputation. He is a daring Wall Street operator, and he's been very successful, I am told.”

“Price began life as a cowboy, I understand,” continued the General, after a pause. “Then he went in for mines. Ten or fifteen years ago we used to know him as a silver man. Several years ago there was a report that he had been raiding Mississippi Steel, and had got control. That was rather startling news, for everybody knew that the Trust was after it. He seems to have fought them to a standstill.”

“That sounds interesting,” said Montague.

“Price was brought up in a rough school,” said the General, with a smile. “He has a tongue like a whip-lash. I remember once I attended a creditors' meeting of the American Stove Company, which had got into trouble, and Price started off from the word go. 'Mr. Chairman,' he said, 'when I come into the office of an industrial corporation, and see a stock ticker behind the president's chair with the carpet worn threadbare in front of it, I know what's the matter with that corporation without asking another word.'”

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“What do you want to know about him for?” asked the General, after he had got through laughing over this recollection.

“It's a case I'm concerned in,” the other answered.

“I tell you who knows about him,” said the General. “Harry Curtiss. William E. Davenant has done law business for Price.”

“Is that so?” said Montague. “Then probably I shall meet Harry.”

“I can tell you a better person yet,” said the other, after a moment's thought. “Ask your friend Mrs. Alden; she knows Price intimately, I believe.”

So Montague sent up a note to Mrs. Billy, and the reply came, “Come up to dinner. I am not going out.” And so, late in the afternoon, he was ensconced in a big leather armchair in Mrs. Billy's private drawing-room, and listening to an account of the owner of the Mississippi Steel Company.

“Johnny Price?” said the great lady. “Yes, I know him. It all depends whether you are going to have him for a friend or an enemy. His mother was Irish, and he is built after her. If he happens to take a fancy to you, he'll die for you; and if you make him hate you, you will hear a greater variety of epithets than you ever supposed the language contained.—I first met him in Washington,” Mrs. Billy went on, reminiscently; “that was fifteen years ago, when my brother was in Congress. I think I told you once how Davy paid forty thousand dollars for the nomination, and went to Congress. It was the year of a Democratic landslide, and they could have elected Reggie Mann if they had felt like it. I went to Washington to live the next winter, and Price was there with a whole army of lobbyists, fighting for free silver. That was before the craze, you know, when silver was respectable; and Price was the Silver King. I saw the inside of American government that winter, I can assure you.”

“Tell me about it,” said Montague.