But we must go back a little. Paul Montague had received a telegram from his partner, Hamilton K. Fisker, sent on shore at Queenstown from one of the New York liners, requesting him to meet Fisker at Liverpool immediately. With this request he had felt himself bound to comply. Personally he had disliked Fisker,--and perhaps not the less so because when in California he had never found himself able to resist the man's good humour, audacity, and cleverness combined. He had found himself talked into agreeing with any project which Mr. Fisker might have in hand. It was altogether against the grain with him, and yet by his own consent, that the flour-mill had been opened at Fiskerville. He trembled for his money and never wished to see Fisker again; but still, when Fisker came to England, he was proud to remember that Fisker was his partner, and he obeyed the order and went down to Liverpool. If the flour-mill had frightened him, what must the present project have done! Fisker explained that he had come with two objects,--first to ask the consent of the English partner to the proposed change in their business, and secondly to obtain the co-operation of English capitalists. The proposed change in the business meant simply the entire sale of the establishment at Fiskerville, and the absorption of the whole capital in the work of getting up the railway. "If you could realise all the money it wouldn't make a mile of the railway," said Paul. Mr. Fisker laughed at him. The object of Fisker, Montague, and Montague was not to make a railway to Vera Cruz, but to float a company. Paul thought that Mr. Fisker seemed to be indifferent whether the railway should ever be constructed or not. It was clearly his idea that fortunes were to be made out of the concern before a spadeful of earth had been moved. If brilliantly printed programmes might avail anything, with gorgeous maps, and beautiful little pictures of trains running into tunnels beneath snowy mountains and coming out of them on the margin of sunlit lakes, Mr. Fisker had certainly done much. But Paul, when he saw all these pretty things, could not keep his mind from thinking whence had come the money to pay for them. Mr. Fisker had declared that he had come over to obtain his partner's consent, but it seemed to that partner that a great deal had been done without any consent. And Paul's fears on this hand were not allayed by finding that on all these beautiful papers he himself was described as one of the agents and general managers of the company. Each document was signed Fisker, Montague, and Montague. References on all matters were to be made to Fisker, Montague, and Montague,--and in one of the documents it was stated that a member of the firm had proceeded to London with the view of attending to British interests in the matter. Fisker had seemed to think that his young partner would express unbounded satisfaction at the greatness which was thus falling upon him. A certain feeling of importance,