“Nice fellows, those, when you know them a bit,” said Harbinger as we closed the door behind us and stood for a moment surveying a very large room which might be called the innermost premises of a railroad’s executive organization. There were perhaps twenty clerks standing or sitting on stools at high desks, not counting the cashier and two assistants in a wire cage, which contained also a safe. The bare floor was worn in pathways. Everything had an air of hallowed age and honorable use, even the people, all save one, a magnificent person who rose and came to meet us. He was introduced as Ivy Handbow, the chief clerk. He was under thirty-five, full of rosy health, with an unmarried look, whose only vice, at a guess, was clothes. He wore them with natural art, believing in them, and although he was conscious of their effect one could not help liking him because he insisted upon it so pleasantly. At the furthermost corner of the room was the transfer department. That is the place where the company’s share certificates, after having changed hands on the Stock Exchange, come to be transferred from the names of the old to the names of the new owners. Five clerks were working here at high pressure. To my remark that it seemed the busiest spot,--I had almost said the only busy spot,--in the whole organization, Harbinger replied: “Our stock has recently been very active. With a large list of stockholders--we have more than ten thousand--there is a constant come and go, old stockholders selling out and new ones taking their places. Then all of a sudden, for why nobody knows, the sellers become numerous and in their anxiety to find buyers they unfortunately attract speculators who run in between seller and buyer, create a great uproar, and take advantage of both. That is what has been happening in the last few days. This is the result. Our transfer office is swamped.” He began to show me the routine. We took at random a certificate for one thousand shares that had just come in and followed it through several hands to the clerk whose task was to cancel it and make out another certificate in the new owner’s name. At this point Harbinger saw something that caused him to stop, forget what he was saying and utter a grunt of surprise. I could not help seeing that what had caught his attention was the name that unwound itself from the transfer clerk’s pen. Harbinger regarded it thoughtfully until it disappeared from view, overlaid by others; and when he became again aware of me it was to say: “Well, we’ve been to the end of the shop. There’s nothing more to see.” The name that had arrested his attention was Henry M. Galt. iii