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“I shall be very pleased to hear of it,” said Montague.

“Of course, you know,” said Ryder, “that I bought from Mrs. Taylor her holdings in the Northern Mississippi Railroad. I bought them because I was of the opinion that the road ought to be developed, and I believed that I could induce someone to take the matter up. I have found the right parties, I think, and the plans are now being worked out.”

“Indeed,” said the other, with interest.

“The idea, Mr. Montague, is to extend the railroad according to the old plan, with which you are familiar. Before we took the matter up, we approached the holders of the remainder of the stock, most of whom, I suppose, are known to you. We made them, through our agents, a proposition to buy their stock at what we considered a fair price; and we have purchased about five thousand shares additional. The prices quoted on the balance were more than we cared to pay, in consideration of the very great cost of the improvements we proposed to undertake. Our idea is now to make a new proposition to these other shareholders. The annual stockholders' meeting takes place next month. At this meeting will be brought up the project for the issue of twenty thousand additional shares, with the understanding that as much of this new stock as is not taken by the present shareholders is to go to us. As I assume that few of them will take their allotments, that will give us control of the road; you can understand, of course, that our syndicate would not undertake the venture unless it could obtain control.”

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Montague nodded his assent to this.

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“At this meeting,” said Ryder, “we shall propose a ticket of our own for the new board of directors. We are in hopes that as our proposition will be in the interest of every stockholder, this ticket will be elected. We believe that the road needs a new policy, and a new management entirely; if a majority of the stockholders can be brought to our point of view, we shall take control, and put in a new president.”

Ryder paused for a moment, to let this information sink into his auditor's mind; then, fixing his gaze upon him narrowly, he continued: “What I wished to see you about, Mr. Montague, was to make you a proposal to assist us in putting through this project. We should like you, in the first place, to act as our representative, in consultation with our regular attorneys. We should like you to interview privately the stockholders of the road, and explain to them our projects, and vouch for our good intentions. If you can see your way to undertake this work for us, we should be glad to place you upon the proposed board of directors; and as soon as we have matters in our hands, we should ask you to become president of the road.”

Montague gave an inward start; but practice had taught him to keep from letting his surprise manifest itself very much. He sat for a minute in thought.

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“Mr. Ryder,” he said, “I am a little surprised at such a proposition from you, seeing that you know so little about me—”

“I know more than you suppose, Mr. Montague,” said the other, with a smile. “You may rest assured that I have not broached such a matter to you without making inquiries, and satisfying myself that you were the proper person.”

“It is very pleasant to be told that,” said Montague. “But I must remind you, also, that I am not a railroad man, and have had no experience whatever in such matters—”

“It is not necessary that you should be a railroad man,” was the answer. “One can hire talent of that kind at market prices. What we wish is a man of careful and conservative temper, and, above all, a man of thorough-going honesty; someone who will be capable of winning the confidence of the stockholders, and of keeping it. It seemed to us that you possessed these qualifications. Also, of course, you have the advantage of being familiar with the neighbourhood, and of knowing thoroughly the local conditions.”

Montague thought for a while longer. “The offer is a very flattering one,” he said, “and I need hardly tell you that it interests me. But before I could properly consider the matter, there is one thing I should have to know—that is, who are the members of this syndicate.”

“Why would it be necessary to know that?” asked the other.