'I have practically nothing at all. My asset, as it were, is the option I have on the mine.' 'Then, how are you going to pay the preliminary fees, the advertising in the newspapers, the cost of counsel, and all that? These expenses will amount to something very heavy in the formation of a company. Of course you know that.' 'Well, you see, I think that perhaps we can get two or three men to go into this and form our company quietly, without having any of those heavy expenses which are necessary in the forming of some companies.' 'My dear sir, when you have been in this business a little longer, you will be very much wiser. That cannot be done--at least, I do not believe it can be done. I do not know of its having been done, and if you can do it, you are a very much cleverer man than I am. Companies are not formed for nothing in the City of London. You seem to have the vaguest possible notion about how this sort of thing is managed. I may tell you frankly I do not think I can go in with you; I have too much else on hand.' Although Kenyon expected this, he nevertheless felt a grim sense of defeat as the young man calmly said these words. Then he blurted out: 'If you had no idea of going in with us, why have you asked me certain questions about the property which I would not have answered if I had not thought you were going to take an interest in it?' 'My dear sir,' said the other blandly, 'you were at perfect liberty to answer those questions or not, as you chose. You chose to answer them, and you have no one to blame but yourself if you are sorry you have answered them. It really doesn't matter at all to me, as I shall forget all you have said in a day or two at furthest.' 'Very well; I have nothing more to say except that what I have told you has been said in confidence.' 'Oh, of course. I shall mention it to nobody.' 'Then I wish you good-day.' Turning to the elder gentleman, he said: 'Good-day, Mr. Longworth.' The old man raised his eyes rather abstractedly from the paper he was reading, and then cordially shook hands with Kenyon. 'If I can do anything,' he said, 'to help you in any matter you have on hand, I shall be very pleased to do it. I hope to see you succeed. Good-day, Mr. Kenyon.' 'Good-day, Mr. Longworth.' And with that the young man found himself again in the outer office, and shortly afterwards in the busy street, with a keen sense of frustration upon him. His first move in the direction of forming a company had been a disastrous failure; and thinking of this, he walked past the Mansion House and down Cheapside. CHAPTER XVII.