"You see, Mr. Bending," Dr Artomonov continued, "while we do not have the unstable setup of money-based capitalism, and while we do not need to worry about such antiquated and dangerous things as fluctuating stock markets, we would still find your machine a threat. Communism is based on the work of the people; our economy is based on the labor of the working man. It is thus stable, because every man must work.

"But we, too, have a vast, power network, the destruction of which would cause the unemployment of millions of our citizens. The unemployment alone would cause repercussions all over the Soviet Republics which would be difficult to deal with. We would eventually recover, of course, because of the inherent stability of our system, but the shock would not be good for us.

"The same thing would happen in every industrialized nation on Earth,"

Artomonov went on. "In my work with the United Nations, I have studied just such problems. European governments would fall overnight. In Germany, in the 1920s, it was cheaper to burn bundles of one-mark notes than it was to buy firewood with them. Such things will be repeated, not only in the Germanies, but all over Europe.

"Some countries, of course, will not be so drastically effected. China, and other parts of Asia which have not built up a vast industrial system, will be affected only slightly. The South American countries still have a more or less agricultural economy and will not be bothered greatly.

"But the great industrial civilizations of East and West will collapse."

With one breath, Artomonov was saying that the Soviet Union could weather the storm, and with another he was hinting that it probably wouldn't. But Sam Bending could see the point in spite of the Russian's tortuous logic.

"I think that is all I have to say for the moment," Artomonov said, "except to emphasize one point. The Great Depression hit the world some fifty years ago. It was a terrible thing for everyone concerned. But it was as nothing at all--a mere zephyr of ill wind--compared to what the Depression of the Eighties will be if your machine goes on the market."

There was silence for a minute. Sam Bending was thinking hard, and the others could see it--and they knew there was no point in interrupting at that moment.

"Just a second," Sam said. "There's one thing that I don't really quite see. I can see that the situation you outline would develop if every power plant in America--or in the Soviet Union or Europe--were to be suddenly replaced by Converters. I can see that chaos would result." He paused, marshaling his thoughts, then went on, with a tinge of anger in his voice.

"But that's not the way it will work! You can't do a thing like that overnight. To ma.s.s produce the Converter will take time--factories will have to be tooled up for it, and all that. And distribution will take time. It seems to me that there would be plenty of time to adjust."

Condley started to say something, but Dr. Artomonov burst in explosively.

"Don't you see, Mr. Bending? The threat of the machine is enough! Even here in your own country, just the knowledge that such machines were to be made at some time in the immediate future would have a disastrous effect! Who would invest in Power Utilities if they knew that within a short time it would be bankrupt? No one would want to buy such stock, and those who had it would be frantically trying to sell what they had.

The effect on the banking system would be the same as if the machine were already being used. Your Mr. Roosevelt pointed out that fear was the problem."

Bending frowned puzzledly. "I don't see--"

He was interrupted by Dr. Larchmont. "Let me see if I can't give you an a.n.a.logy, Mr. Bending. Do you know anything about the so-called 'nerve gases'?"

"Some," admitted Sam. "Most of them aren't gases; they're finely dispersed aerosols."

Larchmont nodded. "Have you any idea how much it takes to kill a man?"

"A drop or so of the aerosol on the skin is enough, I understand."

"That's right. Now, how can such a minute amount of poison damage a human being?"

Bending began to get a glimmer of what the man was driving at. "Well, I know that some of them suppress the enzymic action with acetylcholine, which means that the nerves simply act as though their synapses had been shorted through. It only takes a small percentage of that kind of damage to the nerve fibers to ruin the whole nervous system. The signals get jammed up and confused, and the whole mechanism ceases to function. The victim dies."

Larchmont nodded. "Now, as I understand it, our banking system is the vital nerve network of our economy. And our system is built on credit--faith, if you will. Destroy that faith--even a small percentage of it--and you destroy the system.

"If your machine were to go on the market, there would be no more faith in the present utilities system. Their stocks would be worthless long before your machine actually put them out of business. And that would hit our banking system the same way a nerve gas. .h.i.ts the nervous system.

And the victim--the American economy--would die. And the nation, as a nation, would die with it."

"I see," said Bending slowly. He didn't like the picture at all; it was more frightening than he cared to admit, even to himself. He looked at his business manager. "What do you think, Jim?" he asked softly. He knew he could depend on Luckman.

Jim Luckman looked worried. "They're right, Sam. Clean, dead right. I know the investment pattern in this country, and I have an idea of what it must be abroad. This country would be in the middle of the worst depression in its history. At least we had Federal help during the Thirties--but there won't even be a United States Government if this. .h.i.ts. Nor, I think, will there be a Soviet government, in spite of what Dr. Artomonov's personal beliefs may be."

Significantly, the Russian economist said nothing.

Sam Bending closed his eyes. "I've worked on this thing for years," he said tensely. "It was ... it _means_ something to me. I invented it. I perfected it." His voice began to quaver just a little. "But if it's going to do ... to do all that--" He paused and took a deep breath. "All right. I'll smash my apparatus and destroy my plans and forget about it."

Jim Luckman looked at Secretary Condley. "I don't think that would be fair. Sam's worked hard on this thing. He deserves recognition. And the people of Earth deserve to get this machine somehow. Can't something be worked out?"

"Certainly," said Condley. "In some countries, and in some eras, dangerous inventions were suppressed by the simplest method. If it was discovered in time, the inventor was executed summarily, along with anyone else who knew the secret, and the invention was destroyed. The United States isn't that kind of country." He looked down at his hands and the gold pen again before he went on.

"Please don't misunderstand, Mr. Bending; we are not trying to keep the Converter under wraps forever. In the first place, I don't think it would be possible. What do you think, Dr. Vanderlin?"

The Bureau of Standards man said: "I doubt it. Granted, the Converter is not something one would accidentally stumble across, nor automatically deduce from the 'previous state of the art'. I'll admit frankly that I doubt if I would ever have thought of it. But I doubt gravely that it is so unique that it will never be rediscovered independently."

"So," said Condley, "we have no intent to hold it back on that score.

And, in the second place, such an invention is too valuable to allow it to be lost.

"So here is our proposition. You will sell your rights to the Converter to Power Utilities. It won't even be patented in the usual sense; we can't allow the Converter to become public property at this time. We can't make it possible for just anyone to send in a quarter to the Patent Office to find out how it works. That's why we stopped the patent application.

"But the Government will see that a contract is written up which admits that you are the inventor of the Converter, and which will give you royalties on every unit built. High royalties.

"Under strict Government supervision, Power Utilities will proceed to liquidate their holdings--slowly, so that there will be no repercussions on an economic level. The danger lies, not in the Converter's replacing existing power equipment, but in the danger of its replacing them too quickly. But with care and control, the adjustment can be made slowly.

The process will take about ten years, but you will receive a lump sum, plus a monthly payment, as an advance against future royalties."

"I see," said Bending slowly. "That sounds all right to me. What about you, Jim? What do you think?"

Jim Luckman was smiling again. "Sounds fine to me, Sam. We'll have to work out the terms of the contract, of course, but I think Mr. Olcott and I can see eye to eye."

Olcott seemed to wince a little. He knew he was over a barrel.

"I suppose I'll have to be sworn to secrecy, eh?" Bending asked. He was beginning to recover his poise.

Condley nodded. "You will." He made his characteristic pause, looking down at the gold pen and back up. "Mr. Bending, don't think that this is the first time this has happened. Yours is not the first dangerous invention that has come up. It just so happens that it's the most dangerous so far. We don't like to have to work this way, but we must.

There was simply nothing else to do."

Sam Bending leaned back in his chair. "That's all right. To be perfectly honest, there are a lot of details that I still don't understand. But I recognize the fact that I'm simply not an economist; I can see the broad outlines plainly enough."

Dr. Artomonov smiled widely. "I do not understand the details of your machine, either, Mr. Bending, but I understand the broad outlines of its operations well enough to be frightened when I think of what it could do to world economy if it were to be dumped on the market at this time. I am happy to see that America, as well as Mother Russia, can produce patriots of a high order."

Sam gave him a smile. "Thanks." He didn't know quite what else to say to a statement like that. "But Jim, here, is going to spend the next several days trotting out facts and figures for me. I want to see just what would take place, if I can wrestle with that kind of data."

"Oh, brother!" said Jim Luckman softly. "Well, I'll try."

"I'll have the reports from the computers sent to you," Condley offered.

"They show the whole collapse, step by step."

Artomonov cast a speculative glance in Condley's direction, but he said nothing.

"There's one other thing," Sam said flatly. "The Converter is my baby, and I want to go on working on it. I think Power Utilities might put me on as a permanent consultant, so that I could earn some of the money that's coming in over the next ten years. That way, my royalties won't suffer so much from the advance payments."

Jim Luckman grinned, and Richard Olcott said: "I thought you said you were no businessman, Mr. Bending."