Construction on the rocket slows as plans get more elaborate, and the gents stop worrying over the bills. Squire will pay for it all… right? Speaking of Squire, the gents go to meet him in his office, and they admire his rubber stamp collection. Lum calls the business meeting to order, and the chief officers of the company conduct business.
The treasurers report is reviewed. Cost overruns are more than Squire bargained for. The extravagant welcoming celebrations need to be cut back. Professor Sloane arrives to join the discussion of the bills.
As the professor talks about his scientific instruments, it confuses Abner. He thought the bill on those band instruments had been cancelled. The absent minded professor lapses into memories of his college days. In the confusion, it seems the only thing being settled is to saddle Squire with the bills.