It is not necessary to pursue this summary farther, as the manner in which Mr. Lorimer has set down the facts already given, makes clear the nature of the conflicting interests that brought about the antagonism which he attempted to subdue, bringing such a spirit of fairness and justice into his efforts as must have crowned them with success, supported as he was by Mr. Keely, had it not been that those who advocated following a policy which, at best, aimed no farther than at the recouping of losses to themselves, were in the majority. It was at this time that Mr. Keely manifested his willingness to assume, on the one hand, all the responsibility of the proper development of his discovery; or, on the other hand, all the disgrace accompanying failure by his offer to purchase a controlling interest in the stock, fifty-one thousand shares of which, in order to prevent speculation, he agreed to lock up for five years, and to give the company a bond restraining him from negotiating or parting with a single share of it in that time, the stock to be paid for as soon as certain deferred payments had been made to him. This proposition of Mr. Keely to the Board of Directors, October 25th, 1881 (and laid upon the table by a large majority as unworthy of consideration), was made from his earnest desire to control the presentation of his life's work to the world in a just and honourable way; having recognized, with Mr. Lorimer, the utter impossibility of reconciling the numerous interests created by mistakes of himself and the mismanagement of the Board, unless he could thus obtain the power to deliver an unencumbered enterprise to the world. In the opinion of Mr. Lorimer, during the negotiations which he conducted between the management and Mr. Keely, the latter was the only one who had manifested any consistency or strength of purpose, so far as the facts gave evidence, which were brought before him, of the history of the company. When the validity of the contracts made with Mr. Keely while he was president, or director of the company, were disputed, he was called upon to resign, which he did; and yet no steps were taken to ascertain the value of the existing contracts, which had all been made with him while he was both president and director, and which were therefore illegal. Proceedings in equity were commenced against Mr. Keely, by the Committee of the Board of Directors having the matter in charge, late in the year 1881, while Mr. Lorimer's report was still in the hands of the printer. "The spectacle of a Board of thirteen Directors, composed of business men," writes Mr. Lorimer, "claiming that they have been foiled in their business calculations by a man whose mind has been so thoroughly absorbed in researching the problems presented by his wonderful discoveries that he could not possibly compare with any of them in business tact, is truly a phenomenon which is not easy of explanation on any hypothesis,