bit greater consequence than a dozen placer-mines. Not that it didn't make me grab for hand-holds for a minute or two, mind you. I wasn't quite as cold about it as I'm asking you to be, and I guess Massingale had calculated pretty carefully on the dramatic effect of his little shock. Anyway, he drove the peg down good and hard. If I would jump in and pull every possible string to hurry the railroad over the range, and keep on pulling them, the secret of the placer bar would remain a secret. Otherwise he, Stephen Massingale, would give it away, publish it, advertise it to the world. You know what that would mean for us, Murray."

"My Lord! I should say so! We'd have Boomtown-on-the-pike right now, with all the variations! Every white man in the camp would chuck his job in the hollow half of a minute and go to gravel washing!"

"That's it precisely," Brouillard acquiesced gloomily. "Massingale is a young tough, but he is shrewd enough, when he is sober. He had me dead to rights, and he knew it. 'You don't want any gold camp starting up here in the bottom of your reservoir,' he said; and I had to admit it."

Grislow had found a magnifying-glass in the drawer of the mapping table, and he was holding it in focus over the small collection of grain gold and nuggets. In the midst of the eager examination he looked up suddenly to say: "Hold on a minute. Why is Steve proposing to give this thing away? Why isn't he working the bar himself?"

"He explained that phase of it, after a fashion—said that placer-mining was always more or less of a gamble and that they had a sure thing of it in the 'Little Susan.' Of course, if the thing had to be given away, he and his father would avail themselves of their rights as discoverers and take their chance with the crowd for the sake of the ready money they might get out of it. Otherwise they'd be content to let it alone and stick to their legitimate business, which is quartz-mining."

"And to do that successfully they've got to have the railroad. Say, Victor, I'm beginning to acquire a great and growing respect for Mr. Stephen Massingale. This field is too small for him; altogether too small. He ought to get a job with some of the malefactors of great wealth. How did you settle it finally?"

"Massingale was too shrewd to try to push me over the edge while there seemed to be a fairly good chance that I would walk over of my own accord. He told me to take a week or two and think about it. We dropped the matter by common consent after we left the 

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