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The room in the hotel where the general meetings of "The Island Navigation Company" were held was nearly full when the secretary came through the door which as yet divided the shareholders from their directors. Having surveyed their empty chairs, their ink and papers, and nodded to a shareholder or two, he stood, watch in hand, contemplating the congregation. A thicker attendance than he had ever seen! Due, no doubt, to the lower dividend, and this Pillin business. And his tongue curled. For if he had a natural contempt for his Board, with the exception of the chairman, he had a still more natural contempt for his shareholders. Amusing spectacle when you came to think of it, a general meeting! Unique! Eighty or a hundred men, and five women, assembled through sheer devotion to their money. Was any other function in the world so single-hearted. Church was nothing to it -- so many motives were mingled there with devotion to one's soul. A well-educated young man -- reader of Anatole France, and other writers -- he enjoyed ironic speculation. What earthly good did they think they got by coming here? Half-past two! He put his watch back into his pocket, and passed into the Board-room.