Desk and Debit Part 17

CHAPTER XIII.

IN WHICH PHIL LOOKS INTO THE OPERATIONS OF THE JUNIOR PARTNER.

As I went up the stairs, I did not see how Mr. Whippleton was to sail a party in his yacht on the lake, and still explain to me the difficulty about the books of the firm. But then, what had been so mysterious in the ways of the junior partner was now becoming more tangible. In solving the problem of the invoices, all the rest of the trouble seemed to be unravelled. Mr. Ben Waterford intimated that Mr. Whippleton was to sail his boat with a party on the lake within an hour or two.

Perhaps he intended to complete his great purchase before that time.

I did not believe that he expected anything of the kind, however. I found myself very suspicious of Mr. Charles Whippleton. He had plundered the firm of a large sum of money, and it looked now as though he intended to enlarge his operations in this direction, rather than make good the deficit. I found it impossible to escape the responsibility of my position, and it pressed heavily upon me.

[Ill.u.s.tration: THE INTERVIEW WITH MR. COLLINGSBY. Page 147.]

"Well, young man," said Mr. Collingsby, as I entered the chamber, where he was seated.

"Mr. Whippleton sent me to see you in regard to a transaction he wishes to complete this forenoon," I replied, producing my papers.

"Why didn't he come himself?"

I could not help thinking there was a great deal of force in this question, and it strengthened some vague resolves in my mind.

"I don't know, sir. He told me to show you this list of lumber, with prices," I continued, explaining more fully the errand upon which I had been sent.

"He should have come himself," added the senior partner, with a frown.

"What is the balance in the bank?"

"About six thousand dollars," I replied, handing him the memorandum I had made.

"It ought to be thirty, if not fifty thousand. Don't you make any collections now?"

"Yes, sir; about the same as usual."

"There is something very strange in the business. I am asked to furnish twenty thousand dollars outside of the capital I have already invested in the firm. Tell Mr. Whippleton to come and see me immediately."

"I will, sir;" and I turned to go.

"Stop a minute, young man. What's your name?" interposed the senior.

"Philip, sir."

"Do you keep the books now, Mr. Philips?"

My dignified uncle did not even know my name, and had made a mistake which I did not think it necessary to correct, since he took so little interest in the matter.

"I do most of the work now, sir, on them," I replied.

"Have you any list of debts due the concern?"

"No, sir: there is none at the counting-room."

"It seems to me that proper attention is not given to the matter of credits and collections. We should have a much larger balance in the bank."

"Shall I tell Mr. Whippleton you wish to see him?" I replied, edging towards the door.

"Can you answer my question, Mr. Philips?" demanded the senior, sternly.

"I cannot, sir; Mr. Whippleton has charge of the finances. When credits have been given, they have been on time notes, which are paid as they mature," I answered.

"We had thirty thousand surplus capital on the first of January."

"Mr. Whippleton has laid in a large stock of lumber."

"And now wishes to increase it, after the best business of the year is over. I don't understand it."

"Nor I, sir."

"You don't?"

"No, sir; and since you have spoken to me about the matter, I wish to add that I think something is wrong."

"What do you mean, Mr. Philips?"

"I suppose I ought not to meddle with what does not concern me."

"Does not concern you! Are you not employed by the firm?"

"Yes, sir; but what the members of the firm do with their capital does not concern me."

"You said you thought something was wrong, Mr. Philips. What do you mean by that?"

"I made out a trial balance for the business of the last six months.

Mr. Whippleton destroyed it."

I felt that I was doing my duty, and as briefly as I could, I told the whole story about the invoices. I saw that the senior partner was startled. And he understood where his balance was.

"Why didn't you speak to me of this before, Mr. Philips?"

"I have always talked with Mr. Whippleton about the books and the business. I did not feel at liberty to speak to you about it."

"You ought to have done so."

"Perhaps I ought, sir; but it was a very delicate matter, and Mr.

Whippleton says now that it is all right. Perhaps it is, sir; I don't know. I only say I don't understand it."

"Neither do I. Something shall be done at once. Where are those invoices which you think are fict.i.tious ones?"

"On file, sir."

"Send them to me at once. Stop. I will go to the counting-room myself,"