Mr. Smith proceeded at once to get out a catalogue and build on the vacant lot a new business office, of quite respectable size and two stories high, finishing the second story for Mr. Goodfellow with his family to live in. When this building was ready Mr. Smith installed himself in the office and busied himself in meddling and dictating about the business, impressing me with the great advantage of having a thorough business man at the head of it. If I ventured any word on this subject, I always received the sneering reply, “What do you know about business?” The following incident in this connection may amuse the reader as much as it did me. I may mention in the first place that when, as already stated, he with Mr. Hope acquired the entire indicator patents, of which he assumed the individual management and so I always supposed had secured the larger part, the first thing he did was to repudiate my agreement with Mr. Richards to pay to him 10 per cent. of the receipts from the patents, this being a verbal agreement (as all the transaction was), and so Mr. Richards never received another penny. One morning Mr. Smith came into my office and said, “Do you know that the license to Elliott Brothers to manufacture the indicators has expired?” I had licensed them only for seven years, not knowing whether or not they would prove satisfactory licensees. “Well,” said I, “suppose it has?” “Would you let them go on without a license?” he demanded; “that shows how much you know about business.” “If it were my affair,” I replied, “I should not stir it up. I see every reason for letting it alone. It is the business of the licensee, if he feels unsafe, to apply for the extension of his license.” With a contemptuous sneer Mr. Smith left me and immediately wrote Elliott Brothers, reminding them that their license had expired and requesting an answer by return mail to say if they wanted to renew it.