Well, now, let's see," he went on, settling himself at the desk, and figuring upon a sheet of Vandover's stamped letter-paper.

"The banks will never give you more than two thirds of the appraised value; that's as much as we can expect; that would come to--well, let's see--that would come to six thousand on that piece; then you could mortgage something else to make up the difference." "Wouldn't it be more than six thousand ?" asked Vandover with a little show of interest.

"I think that block has been appraised at something over twelve thousand." "Ah, yes," returned Geary, putting his chin in the air, "that was your agent's valuation five years ago; but you know property out there, in fact, property all over the city, what they call inside property, has been going right down for the last ten years.

That's what I've always been telling you.

You couldn't possibly get more than nine thousand for that block to-day.