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From here had come the orders to S. Behrman, to Cyrus Ruggles and to Genslinger, the orders that had brought Dyke to a prison, that had killed Annixter, that had ruined Magnus, that had corrupted Lyman. Here was the keep of the castle, and here, behind one of those many windows, in one of those many offices, his hand upon the levers of his mighty engine, sat the master, Shelgrim himself.

However conspicuous the outward achievement, he, he himself, Magnus Derrick, had failed, miserably and irredeemably. Petty, material complications intruded, sordid considerations. Even if Genslinger was to be paid, where was the money to come from?

But, perhaps, Genslinger isn't subsidised, I don't know. I I am not sure. Maybe perhaps" "Oh, you don't know and you do know, and maybe and perhaps, and you're not so sure," vociferated Annixter. "How about ignoring the value of our improvements? Nothing hazy about THAT statement, I guess.

"I don't see," he muttered, "just what I'm going to do. No, I don't see what I'm going to do at all." Ruggles came in, bringing with him two other men in whom Dyke recognised dummy buyers of the Los Muertos and Osterman ranchos. They brushed by him, jostling his elbow, and as he went out of the door he heard them exchange jovial greetings with Delaney, Genslinger, and S. Behrman.

"That may be, that may be," rejoined the other. There was a long pause. Genslinger leaned back in his chair and rubbed a knee. Magnus, standing erect in front of the safe, waited for him to speak. "This is an unfortunate business, Governor," began the editor, "this misunderstanding between the ranchers and the Railroad. I wish it could be adjusted.

Ruggles spread out his hands with a deprecatory gesture. "I don't own the 'Mercury," he said. "Well, your company does." "If it does, I don't know anything about it." "Oh, rot! As if you and Genslinger and S. Behrman didn't run the whole show down here. Come on, let's have it, Ruggles. What does S. Behrman pay Genslinger for inserting that three-inch ad. of the P. and S. W. in his paper?

It was pitiless, remorseless, bald. Every statement was substantiated, every statistic verified with Genslinger's meticulous love for exactness. Besides all that, it had the ring of truth. It was exposure, ruin, absolute annihilation. "That's about correct, isn't it?" commented Genslinger, as Derrick finished reading. Magnus did not reply. "I think it is correct enough," the editor continued.

It was not believable that the Railroad would "jump" Los Muertos, but if this should happen, he would be left without resources. Ten thousand dollars! Could he raise the amount? Possibly. But to pay it out to a blackmailer! To be held up thus in road-agent fashion, without a single means of redress! Would it not cripple him financially? Genslinger could do his worst.

Genslinger seems to have that idea in his nut, too. Do you people think you can hold that land, untaxed, for speculative purposes until it goes up to thirty dollars and then sell out to some one else sell it over our heads? You and Genslinger weren't in office when those contracts were drawn. You ask your boss, you ask S. Behrman, he knows.

If there were only some way, some vast, superhuman effort by which he could rise in his old strength once more, crushing Lyman with one hand, Genslinger with the other, and for one more moment, the last, to stand supreme again, indomitable, the leader; then go to his death, triumphant at the end, his memory untarnished, his fame undimmed.