The twilight had fallen, and the shores of the river were lost in dusk. The surface of the water itself shone with an added luminosity, reflecting the sky. In the middle distance twinkled a light, beyond which in long stretches lay the sombre marshes.

"Now, if you disgrace

"That's the club," said Orde. me, you old duffer, I'll use you as a decoy!"

A few moments later the two men, opening the door of the shooting-box, plunged into a murk of blue tobacco smoke. A half-dozen men greeted them boisterously. These were just about to draw lots for choice of blinds on the morrow. A savoury smell of roasting ducks came from the tiny kitchen where Weber-punter, keeper, duck-caller and cook exercised the last-named function. Welton drew last choice, and was commiserated on his bad fortune. No one offered to give way to the guest, however. On this point the rules of the Club were inflexible.

Luckily the weather changed. It turned cold; the wind blew a gale. Squalls of light snow swept the marshes. Men chattered and shivered, and blew on their wet fingers, but in from the great open lake came myriads of waterfowl, seeking shelter, and the sport was grand.

"Well, old stick-in-the-mud," said Orde as, at the end of two days, the men thawed out in a smoking car, "ducks enough for you?"

"Jack," said Welton solemnly, "there are no ducks in Minnesota. They've all come over here. I've had the time of my life. And about that other thing: as soon as our woods work is under way, I'll run out to California and look over the ground see how easy it is to log that country. Then we can talk business. In the meantime, send Bob over to the Chicago office. I'll let Harvey break him in a little on the office work until I get back. When will he show up?"

Orde grinned apologetically.

"The kid has set his heart on coaching the team this

fall, and he don't want to go to work until after the season, said he. "I'm just an old fool enough to tell him he could wait. I know he ought to be at it now you and I were, long before his age; but

"Oh, shut up!" interrupted Welton, his big body shaking all over with mirth. "You talk like a copy-book. I'm not a constituent, and you needn't run any bluffs on me. You're tickled to death with that boy, and you are hoping that team will lick the everlasting daylights out of Chicago, Thanksgiving; and you wouldn't miss the game or have Bob out of the coaching for the whole of California; and you know it. Send him along when you get ready."

B

II

OB ORDE, armed with a card of introduction to Fox, Welton's office partner, left home directly after Thanksgiving. He had heard much of Welton & Fox in the past, both from his father and his father's associates. The firm name meant to him big things in the past history of Michigan's industries, and big things in the vague, large life of the Northwest. Therefore, he was considerably surprised, on finding the firm's Adams Street offices, to observe their comparative insignificance.

He made his way into a narrow entry, containing merely a high desk, a safe, some letter files, and two bookkeepers. Then, without challenge, he walked directly into a large apartment, furnished as simply, with another safe, a typewriter, several chairs, and a large roll-top desk. At the latter a man sprawled, reading a newspaper. Bob looked about for a further door closed on an inner private office, where the weighty business must be transacted. There was none. The tall, broad, lean young man hesitated, looking about him with a puzzled expression in his earnest young eyes. Could this be the heart and centre of those vast and far-reaching activities he had heard so much about?

After a moment the man in the revolving chair looked up shrewdly over his paper. Bob felt himself the object of an instant's searching scrutiny from a pair of elderly steelgray eyes.

"Well?" said the man, briefly.

"I am looking for Mr. Fox," explained Bob. "I am Fox."

ΤΟ

The young man moved forward his great frame with the easy, loose-jointed grace of the trained athlete. Without comment he handed his card of introduction to the seated man. The latter glanced at it, then back to the young fellow before him.

"Glad to see you, Mr. Orde," he unbent slightly. "I've been expecting you. If you're as good a man as your father, you'll succeed. If you're not as good a man as your father, you may get on well enough. But you've got to be some good on your own account. We'll see." He raised his voice slightly. "Jim!" he called. One of the two bookkeepers appeared in the doorway.

"This is young Mr. Orde," Fox told him. "You knew his father at Monrovia and Redding."

The bookkeeper examined Bob dispassionately.

"Harvey is our head man here," went on Fox. "He'll take charge of you."

He swung his leg over the arm of his chair and resumed his newspaper. After a few moments he thrust the crumpled sheet into a huge waste basket and turned to his desk, where he speedily lost himself in a mass of letters and papers.

Harvey disappeared. Bob stood for a moment, then took a seat by the window, where he could look out over the smoky city and catch a glimpse of the wintry lake beyond. As nothing further occurred for some time, he removed his overcoat, and gazed about him with interest on the framed photographs of logging scenes and camps that covered the walls. At the end of ten minutes Harvey returned from the small outer office. Harvey was, perhaps, fifty-five years of age, exceeding methodical, very competent.

"Can you run a typewriter?" he inquired.

"A little," said Bob.

"Well, copy this, with a carbon duplicate."

Bob took the paper Harvey extended to him. He found

it to be a list, including hundreds of items. The first few lines were like this:

After an interminable sequence, another of the figures would change, or a single letter of the alphabet would shift. And so on, column after column. Bob had not the remotest notion of what it all meant, but he copied it and handed the result to Harvey. In a few moments Harvey returned. "Did you verify this?" he asked.

"What?" Bob inquired. .

"Verify it, check it over, compare it," snapped Harvey, impatiently.

Bob took the list, and with infinite pains which, nevertheless, could not prevent him from occasionally losing the place in the bewilderment of so many similar figures, he managed to discover that he had omitted three and miscopied two. He corrected these mistakes with ink and returned the list to Harvey. Harvey looked sourly at the ink marks, and gave the boy another list to copy.

Bob found this task, which lasted until noon, fully as exhilarating as the other. When he returned his copies he ventured an inquiry.

"What are these?" he asked.

"Descriptions," snapped Harvey.

In time he managed to reason out the fact that they were descriptions of land; that each item of the many hundreds meant a separate tract. Thus the first line of his first copy, translated, would have read as follows:

"The southwest quarter of the northwest quarter of section number four, township number six, north, range number twenty-six, west."

-And that it represented forty acres of timber land. The