THE FINANCIER 
There was a slight gleam of triumph in his eye as he 
said this. 
The idea of a scapegoat had not occurred to Senator 
Simpson up to this time, knowing nothing, as he did, of 
the sixty-thousand-dollar-check transaction. He had not 
followed the local-treasury dealings very closely, nor had 
he talked to either of his confreres since the original con- 
ference between them. Nor had he imagined up to now 
that Cowperwood was acting as anything more than a 
broker for Stener, carrying money on deposit at two per 
cent. or more, which left him quite free and beyond 
prosecution. 
" Just what do you mean ?" asked the Senator, looking 
at Butler interestedly. " There haven't been any out- 
side parties mixed up with this, have there ?" 
" No-o. I wouldn't call him an outside party, exact- 
ly. It's Cowperwood himself I'm thinkin' of. There's 
somethin' that has come up since I saw you gentlemen 
last that makes me think that perhaps that young man 
isn't as innocent as he might be. It looks to me as though 
he was the ringleader in this business, as though he had 
been leadin' Stener on against his will. I've been lookin' 
into the matter on me own account, and as far as I can 
make out this man Stener isn't as much to blame as I 
thought. From all I can learn, Cowperwood's been 
threatenin' Stener with one thing and another if he didn't 
give him more money, and only the other day he got a 
big sum on false pretinses, which might make him aqually 
guilty with Stener. There's sixty thousand dollars of 
city loan certificates that has been paid for that aren't 
in the sinkin'-fund. I don't see that we need to have any 
particular consideration for him." 
The old man had shot his first arrow, and he felt con- 
siderably relieved. He looked before him with a steady 
gleam in his eye, and both the Senator and Mollenhauer 
were surprised at his change of front. At their last meet- 
ing he had appeared rather friendly to the young banker, 
AILQ