"Dyckman slid out of it, smooth and easy-like," Caleb's letter went on. "He allowed he was _mighty_ busy, right about then. Wouldn't I just make myself at home and examine the books for myself? I reckon that was about what Farley wanted him to do. I'm no book expert, and I couldn't make head or tail out of Dyckman's spider tracks. Looks to me like all the books are good for is to keep people from finding where the company is at. What little I found out, young Norman told me. He says we're in a hole, and the first wagon-load of dirt that comes along will bury us out of sight." Tom, driven now with the closing work of the college year, yet took time to write another heartening letter to the hard-pressed old soldier. It had been his good fortune to win the Clarkson prize for crucible tests, and to have gained thereby a speaking acquaintance with the multimillionaire iron king who had founded it. Mr. Clarkson did not believe that the financial storm would grow to panic size. As for himself, Tom thought the hazard was less in the times than in the Farleys. Father Caleb was to keep his finger on the pulse of the main office, wiring Boston at the first sign of its weakening. The junior metallurgical was in the thick of the June examinations when the catastrophe befell. The brief story of it came to Tom in the first dictated letter he had ever received from his father, and the tremulous shakiness of the signature pointed eloquently to the reason. Chiawassee Consolidated was out of blast--"temporarily suspended," in the pleasant euphemism of the elder Farley; the force, clerical and manual, was discharged, with only Dyckman left in the deserted South Tredegar offices to answer questions; and the three Farleys, with Major Dabney, Ardea and Miss Euphrasia, were to spend the summer in Europe. Caleb wrote in some bitterness of spirit. Though the Gordon holdings in the company, increased from time to time as the iron-master had prospered, amounted to a little more than a third of the capital stock, everything had been done secretly. The general manager's own notice of the shut-down had come in the posted "Notice to Employees." When the Farleys should leave, he would be utterly helpless; on their return they could repudiate everything he might do in their absence. Meantime, ruin was imminent. The affairs of the company were in the utmost confusion; the treasury was empty, and there were no apparent assets apart from the idle plant. Creditors were pressing; the discharged workmen, led by the white coal-miners, were on the verge of riot; and Major Dabney's royalties on the coal lands were many months in arrears.