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Helen sat apart, almost with the detachment of a hostess receiving a casual acquaintance, as she recounted the incidents of the disastrous ride. Hilmer had been driving fairly carefully, but in swerving to avoid running down a cow that suddenly had made its appearance in the road the machine had skidded and gone over a steep bank. Mrs. Hilmer's condition was really quite serious.

The unpleasant things in Helen Starratt's life didn't go very far beyond half-tipsy maids and impertinent butcher boys. Hilmer's experiences were not quite in the line of drawing-room anecdotes, and Starratt had seen the time when his wife would have recoiled from them with the disdainful grace of a feline shaking unwelcome moisture from its paws.

It was a generally assumed fact that Kendrick, the man who handled practically all of Hilmer's business, was a notorious rebater that he divided commissions with his clients in the face of his sworn agreement with the Broker's Exchange not to indulge in such a practice. Obviously, then, Hilmer would not be a man to throw away chances to turn such an easy trick.

Hilmer's offices were in the Merchants' Exchange Building. Helen decided to slip in through the Montgomery Street entrance. She felt that there might be a chance of running into Fred on California Street and she didn't want to do that. As she shot up toward the eleventh story in the elevator she rehearsed her opening scene with Hilmer. She decided to take her cue flippantly.

Helen's hands had fallen inertly at her sides as she stood facing Hilmer, as if waiting for his decision. But he had made no move, he merely had returned her gaze in equal silence. At that moment Mrs. Hilmer's clawlike fingers closed over her husband's mangled thumb with a clutch of triumph and she had turned with a painful twist to dart her venomous scorn at Helen.

Everything he had seen from that first moment had been through Hilmer's medium. A wise man would have proceeded slowly, building himself up for the struggle. But Fred Starratt had had all the wistful enthusiasm of a fool seeking to achieve power overnight. Yes, only a fool could have been ashamed of his heritage.

He was not in the least disturbed. Indeed, he seemed to be approaching the issue with unqualified pleasure. "Now, Starratt, let's get at the root of the trouble... Of course you're a reasonable man otherwise..." Starratt smiled ironically. A vivid remembrance of Hilmer's words flashed over him. His lip-curling disdain must have communicated itself to Mr.

Unaccustomed as he was to thinking in the terms of group consciousness, he fell back, naturally, upon the personal aspects of the case. He was sure of one thing Hilmer's contempt and scorn. In what class did Hilmer place himself? Above or below?... But the answer came almost before it was framed Hilmer looked down upon him. That almost told the story, but not quite.

On the strength of Starratt's application for a change a new rate was published about the middle of May. Starratt was jubilant. Here was proof for Hilmer that his interests were being guarded and that it paid to employ an efficient broker. He flew at once to Hilmer's office. "Let me have your policies," he burst out. "I've secured a new rate for you and I want the reduction indorsed."

Now the situation was reversed he held Axel Hilmer's fate in his own keeping, and it was his finger that would spin the wheel of destiny. Any fool could demand an eye for an eye; so much for so much was the cut-and-dried morality of the market place.