At twenty minutes past eleven Melville and the president of the other banks of his chain called loans to Dumont and the Dumont supporting group to the amount of three millions and a quarter. Ten minutes later other banks and trust companies whose loans to Dumont and his allies either were on call or contained provisions permitting a demand for increased collateral, followed Melville's example and aimed and sped their knives for Dumont's vitals. Giddings found himself face to face with unexpected and peremptory demands for eleven millions in cash and thirteen millions in additional collateral securities. If he did not meet these demands forthwith the banks and trust companies, to protect themselves, would throw upon the market at whatever price they could get the thirty-odd millions of Woolens stocks which they held as collateral for the loans. "What does this mean, Eaversole?" he exclaimed, with white, wrinkled lips, heavy circles suddenly appearing under his eyes. "Is Melville trying to ruin everything?" "No," answered Eaversole, third vice-president of the company. "He's supporting the market, all except us. He says Dumont must be driven out of the Street. He says his presence here is a pollution and a source of constant danger." The National Woolens supporting group was alone; it could get no help from any quarter, as every possible ally was frightened into his own breastworks for the defense of his own interests. Dumont, the brain and the will of the group, had made no false moves in business, had been bold only where his matchless judgment showed him a clear way; but he had not foreseen the instantaneous annihilation of his chief asset--his reputation. Giddings sustained the unequal battle superbly. He was cool, and watchful, and effective. It is doubtful if Dumont himself could have done so well, handicapped as he would have been on that day by the Fanshaw scandal. Giddings cajoled and threatened, retreated slowly here, advanced intrepidly there. On the one side, he held back wavering banks and trust companies, persuading some that all was well, warning others that if they pressed him they would lose all. On the other side, he faced his powerful foes and made them quake as they saw their battalions of millions roll upon his unbroken line of battle only to break and disappear. At noon National Woolens preferred was at fifty-eight, the common at twenty-nine. Giddings was beginning to hope. At three minutes past noon the tickers clicked out: "It is reported that John Dumont is dying."