very indistinct and misty. Before him lay the silver bosom of the river, checkered with the long, black lines of the booms stretching from shore to anchor-pier, great water corrals for the herds of shaggy, brown logs that were driven down from their native forests every spring. The morning breeze, streaming through the open window, was laden with the clean, penetrating, never-to-be-forgotten odour of newly cut pine. The air was vibrant with the deep hum of distant machinery. The thunderous roll of the log-carriages, the high-pitched whine of the planers, the sharp notes of edgers and trimmers, blended into one grand harmony; and shouting through it at exactly spaced intervals came the sustained, ripping crash of the great saws as their teeth bit into the flesh of some forest giant, bound and prostrate on an iron bed of torment. As he looked and listened, his eyes cleared of mists. For the first time he realized dimly that it was worth while. That the sounds he heard were part of a great song, a Song of Progress; the triumphant, virile song of the newest and greatest of nations, ringing from sea to sea across the breadth of a continent as it built itself, self-sustaining, strong, enduring. And young Joe Kent, standing by the window facing his inheritance, was a fair representative of the average young American who works with his hands or with his head, and more often with both. There was nothing striking about him. He was of medium height, of medium weight, of medium good looks. From the top of his close-clipped brown head to the toes of his polished brown boots he was neat and trim and healthy and sound. Only, looking closer, an accurate observer might have noticed a breadth of shoulder and a depth of chest not apparent at first glance, and a sweep of lean jaw and set of mouth at variance with the frank, boyish good humour of the tanned face and brown eyes. Kent left the window, settled himself in his father’s seat with as business-like an air as he could assume, and proceeded to wade through the pile of correspondence. In five minutes he was hopelessly bewildered. It was much less intelligible to him than Greek, for he was beautifully ignorant of the details of his father’s business. It had been an understood thing between them that some day, in a year or two—no hurry at all about it—he should enter that office and master the details of that business against the time—how far off it looked then!—when it should devolve upon him to conduct it. But they had both put it off. He was young, just through college. A year of travel was merely a proper