I had written this on Saturday morning, and having finished while
he was at luncheon, laid it on his desk and took my usual train
home, which gave him an opportunity to think the matter over until
Monday.

When we met on Monday morning I was not surprised to find him in
a bad temper.

He said at once that he declined my offer, and having paid his
money to come into the concern he proposed to stay.

I told him I was sorry I could not see my way clear to make any
better offer and it was that or nothing. If he would not accept
it, then the only alternative was for me to step out and leave him
the business.

This suggestion startled him. He knew he could not carry on the
business without me.

After going to his father's office for consultation he returned
and said he had decided to accept my offer. "As to those notes,"
he said, "you may give them to me if you like, but I don't suppose
you will ever pay them."

We terminated our partnership that day, but I continued the business
under the same style, W. E. Stowe & Co., complying with the legal
requirements governing such action.

While Allis was my partner, on more than one occasion, when we were
discussing the wretched state of business, he would call himself