"Our start," quoth Mr. Bayard, "will be the Hanway report. Nor can we come by that report too soon. It may lie buried for weeks before Senator Hanway produces it in open Senate. Its production will take place the day before the pool's activities begin. It will be deferred until the market in its strength or weakness favors their aims. Wherefore, my young friend," concluded Mr. Bayard, clapping a slim hand on Richard's shoulder, "to work! That report is the key. Every day we have it in our hands before it is read in the Senate means a million dollars." Mr. Bayard forced upon Richard the mighty propriety of getting hold of Senator Hanway's report; and Richard--to whom the report meant Dorothy the peerless, not paltry millions--was carried to the impolite length of bringing up the topic of Northern Consolidated at Mr. Gwynn's dinner. Richard asked Senator Hanway the plump question of the committee's labors, and what time its report would appear. "The sessions," said Senator Hanway, who, being about his departure, was getting into his Inverness at the time, "are still in progress. It will be several weeks before the close of the hearings. Then there must be time for deliberation; and finally a day or more for writing the report. You may be sure, however," concluded Senator Hanway, "that the _Daily Tory_ shall have it before the other papers. It shall be an exclusive story; I promise you that." And the next day comes the veracious Mr. Sands asking whether a verbatim copy of that report would be of service to him! No marvel Richard stared. "Because," observed Mr. Sands, puffing an extremely repulsive cigar, "I've got it here." "Do you mean the report of Senator Hanway's committee that is investigating Northern Consolidated?" cried Richard. Mr. Sands tilted his derby over a confident left eye, blew a devastating cloud, and said he did. "It was only last night," observed Richard, still bitten of doubt, "that Senator Hanway told me the committee had not ended its hearings." Mr. Sands of the malignant cigar was not discouraged. Senator Hanway had lied. All Senators lied, according to Mr. Sands. No man could be a Senator unless he were a liar any more than a man could be a runner without first being able to walk. The committee was through with the inquiry; the report had come into the Government printing office the day before in the handwriting of the truthless Senator Hanway himself. It was now set up in types, and the forethoughtful Mr. Sands had abstracted a copy. "As I said," explained that enterprising printer, "I've got a nose for news. I thought it might do for a scoop, d'ye see, so I swiped it for you." "Let me look at it," said Richard, whose pulses were beginning to beat a quickstep. He was remembering the value of the report as explained by Mr. Bayard. "Let me see it, please." Mr. Sands took from his pocket two strips of paper. Richard looked at one and then the other; they were white as snow, guiltless of mark or sign of ink.