character, and the extreme loyalty you possess for our country, I should have shouldered the whole of this burden myself. As it is I know that with all your spirit you would have resented such a course. Therefore I lay it before you." The older man made no attempt at agreement or denial. He sat drumming his fingers upon the edge of his desk while his keen eyes twinkled in his boy's direction. He understood the earnestness of the idealist. He saw the purpose in every line of the strong young face. He appreciated the perfect poise of the keen, fresh intellect. And for the moment his mind went back to the glimpse of Paradise which had been his during the brief period of his married life. This son of his was that splendid Russian woman over again, and he was glad. But when he spoke his manner had undergone no change from his crisp business practice. "You would have us build----?" "Two vessels of three thousand tons each and incorporate them with our coastwise fleet. Then two deep-sea craft of say six thousand tons. I would lay these down at once. Once their success is proved the plans can be laid open to all our shipping world. When the time comes the Government must be induced to foster the new construction by subsidy, and by every other means in its power. But in the first instance we alone must bear the burden and all it involves. If disaster should overtake our efforts our justification remains. The days of Britain's pre-war ineptitude are so recent that even an active progressive failure would be a matter scarcely to be deplored. We must convince the world of the sincerity of our convictions, and, to do that, we must, if need be, risk our entire fortune. The danger we know lies ahead. In Britain it is useless to tell of it. Only our own actions can speak and carry convictions. It is our plain and simple duty to put our all into this thing. If it should bring us disaster or even simple ruin, I tell you, Dad, I would rather spend the rest of my life in honest rags, with the knowledge that my substance has been absorbed in an endeavor to help my country, than claim this beautiful home of ours as a view-point from which to watch the triumph of our country's enemies." "Ye-es." The twinkling eyes of Sir Andrew developed a smile upon his rugged Yorkshire features. But it was a smile of sympathy. "The most thoroughly unbusinesslike transaction I was ever asked to countenance," he observed drily. "This sort of thing, as you have suggested, has come rather late in my life. But it only makes me regret my years. But tell me again of this man. His genius, his curious attitude of mind have left me rather breathless. This sort of thing in a German----?"