A wildly exciting time was his during the week preceding Thursday the eighteenth. Not only was he gambling as he had never gambled before, but he was gambling at the biggest table in the world and for stakes so large that even the case-hardened habitues of that table were compelled to sit up. In spite of the unlimited selling, his persistent buying compelled Ward Valley steadily to rise, and as Thursday approached, the situation became acute. Something had to smash. How much Ward Valley was this Klondike gambler going to buy? How much could he buy? What was the Ward Valley crowd doing all this time? Daylight appreciated the interviews with them that appeared--interviews delightfully placid and non-committal. Leon Guggenhammer even hazarded the opinion that this Northland Croesus might possibly be making a mistake. But not that they cared, John Dowsett explained. Nor did they object. While in the dark regarding his intentions, of one thing they were certain; namely, that he was bulling Ward Valley. And they did not mind that. No matter what happened to him and his spectacular operations, Ward Valley was all right, and would remain all right, as firm as the Rock of Gibraltar. No; they had no Ward Valley to sell, thank you. This purely fictitious state of the market was bound shortly to pass, and Ward Valley was not to be induced to change the even tenor of its way by any insane stock exchange flurry. "It is purely gambling from beginning to end," were Nathaniel Letton's words; "and we refuse to have anything to do with it or to take notice of it in any way." During this time Daylight had several secret meetings with his partners--one with Leon Guggenhammer, one with John Dowsett, and two with Mr. Howison. Beyond congratulations, they really amounted to nothing; for, as he was informed, everything was going satisfactorily. But on Tuesday morning a rumor that was disconcerting came to Daylight's ears. It was also published in the Wall Street Journal, and it was to the effect, on apparently straight inside information, that on Thursday, when the directors of Ward Valley met, instead of the customary dividend being declared, an assessment would be levied. It was the first check Daylight had received. It came to him with a shock that if the thing were so he was a broken man. And it also came to him that all this colossal operating of his was being done on his own money. Dowsett, Guggenhammer, and Letton were risking nothing. It was a panic, short-lived, it was true, but sharp enough while it lasted to make him remember Holdsworthy and the brick-yard, and to impel him to cancel all buying orders while he rushed to a telephone.