"In the main, it's the Colonists who have most to gain by keeping Endicott powerful and solvent ... although the battle lines aren't so tightly drawn that it doesn't become profitable, at times, to go over to the Wendel side. There's a lot of sniping between the lines." "I know all that, John." "Well, here's what it all boils down to, what you didn't seem to grasp. You asked me why I brought these six cylinders home. It's because of the one man who did suspect, right from the first, and when the charters were drawn up, that a war of this kind might be waged. I can't even tell you his name. He was probably a minor legal expert or auditor employed by the Board, who had shrewd prophetic gifts ... enough foresight, at least ... to insert in fine print in both of the charters a provision that Wendel is now using to call Endicott's bluff. "That provision doesn't say that Endicott can't sell some of their fluid assets on margin. But it sets a limit to that kind of speculative buying and selling. The same limit would apply to Wendel, but Wendel has no fluid assets to sell on margin, and it can't very well break up its generators and big transmission lines and sell them to the Colonists piecemeal, even on margin. It wouldn't look right, because you can't pretend that a fragment of a pipe that is still being operated by a combine is a speculative commodity that has passed into other hands and is subject to day-to-day fluctuations. "If you want to think of fluid assets as simply a share in a Combine's profits, that's another matter. But I'm not talking about that kind of fluid asset. Endicott has been selling to the Colonists in a literal sense--_moveable fluid assets_. And in fine print in the Endicott charter it says that Endicott can only sell about a third of its fuel cylinders on margin. The others have to be purchased outright and carried home and held by the purchaser until the price is right and he can dispose of them at a profit. Or sell at a loss, as property." "But you say you didn't buy those cylinders outright. How could you have done that?" the woman protested. "Just one cylinder would cost--a third of a million dollars." "Naturally I didn't buy them outright. I bought them on margin. But Wendel can't prove that. Endicott is covering up for me and because I've brought them home and can slap my hand on the cool metal and tell Wendel to go to hell if they try to dispute my ownership--Endicott still has a chance to come out on top. Wendel is calling Endicott's bluff, sure. But Endicott is countering with another bluff and they can make it stick. Their auditing department knows just how to do that. So every Colonist who wants to go on wildcatting now has to bring a few cylinders home, to make it look as if he'd bought them outright. Possession puts you nine-tenths on the winning side in any legal argument. You ought to know that!"