Altogether you have frittered away L30,000, and have placed the remaining ten in a venture which to my mind is as wild as all the rest of your unfortunate ventures.

These speculations have, almost without exception, been choices of your own, not mine.

That was _one_ of the reasons why I said 'you,' not 'we.'" He paused a moment.
"Another reason is," he said, "because without any exception the transactions have taken place on your advice and in your name, not in mine." That was a sufficiently meaning statement, but Mills did not wish his partner to be under any misapprehension as to what he implied.
"In other words," he said, "I can deny absolutely all knowledge of the whole of those operations." Mr.Taynton gave a sudden start, as if the significance of this had only this moment dawned on him, as if he had not understood the first statement.

Then he seemed to collect himself.
"You can hardly do that," he said, "as I hold letters of yours which imply such knowledge." Mills smiled rather evilly.
"Ah, it is not worth while bluffing," he said.

"I have never written such a letter to you.