As for Cowperwood, Senior, his situation at his bank and elsewhere was rapidly nearing a climax. As has been said, he had had tremendous faith in his son; but he could not help seeing that an error had been committed, as he thought, and that Frank was suffering greatly for it now. He considered, of course, that Frank had been entitled to try to save himself as he had; but he so regretted that his son should have put his foot into the trap of any situation which could stir up discussion of the sort that was now being aroused. Frank was wonderfully brilliant. He need never have taken up with the city treasurer or the politicians to have succeeded marvelously. Local street-railways and speculative politicians were his undoing. The old man walked the floor all of the days, realizing that his sun was setting, that with Frank’s failure he failed, and that this disgrace—these public charges—meant his own undoing. His hair had grown very gray in but a few weeks, his step slow, his face pallid, his eyes sunken. His rather showy side-whiskers seemed now like flags or ornaments of a better day that was gone. His only consolation through it all was that Frank had actually got out of his relationship with the Third National Bank without owing it a single dollar. Still as he knew the directors of that institution could not possibly tolerate the presence of a man whose son had helped loot the city treasury, and whose name was now in the public prints in this connection. Besides, Cowperwood, Sr., was too old. He ought to retire. The crisis for him therefore came on the day when Frank was arrested on the embezzlement charge. The old man, through Frank, who had it from Steger, knew it was coming, still had the courage to go to the bank but it was like struggling under the weight of a heavy stone to do it. But before going, and after a sleepless night, he wrote his resignation to Frewen Kasson, the chairman of the board of directors, in order that he should be prepared to hand it to him, at once. Kasson, a stocky, well-built, magnetic man of fifty, breathed an inward sigh of relief at the sight of it.