Gradually, day by day, hour by hour, the terrible strain of this suddenly developed situation began to show its effects upon Rawn. He slept but little after his arrival in the East, showed himself more and more untidy in personal habits; and lastly, began to seek the false strength of intoxicating drink. His demeanor in his relations with his urbane associates daily lost its usual arrogance. John Rawn, late dictator, became explanatory, conciliatory--a change of mind which had visible physical tokens. His eye became weaker and more watery, his shoulders more drooped, his voice more quavering, his address less abrupt and domineering. John Rawn was a broken man, and began to show it. Wherefore his late friends exulted. The wolves, ranged in circle, lick their chops when the wounded bull totters upon his uncertain legs. Certain large financial figures in the eastern city licked their chops, and smiled grimly, wolfishly, in contemplation of John Rawn as he tottered. III Yet Rawn himself could get no direct proof of the identity of those now secretly assailing him. At the directors' meetings of the International he was received politely and respectfully--with too much politeness and respect, as he felt, although himself unlike the man once wont to rule there with an iron hand. He did not dare tell them of Halsey's defection, could not doubt that they already knew of it; but he met no queries regarding that or anything else in the conduct of the western factory's business. No one seemed to know that the most important of all their factories was closed, after a tedious term spent in incompletion. His associates all were as polite as himself, indeed, more so; as ready as himself to discuss gravely and earnestly any detail of the business which now, as all politely agreed, seemed "somewhat involved," or "somewhat delayed." No one offered any criticism of the executive. But, what was far more deadly to him, the market seemed most onerously and cruelly oppressive upon the outside investments of John Rawn. International Power was not hammered, for the reason that there was little of it out to hammer. The Rawn stock in International, of course, did not come upon the market. Rawn intended to hold on to that grimly, fighting for it to the last gasp, trusting to chance to mend matters for him at the eleventh hour. But ruin in the general market faced him; and he knew that, with credit gone, the courts would take for his former creditors whatever property he could be shown to have. He saw the shadowy circle of the wolves of high finance. Almost he felt their fangs snapping at his hamstrings. IV