runs right down into the water, because there is no place at which it would be safe for a large vessel to touch. I will look into the political side of it and see what sort of a concession I can get for you. I should think ten per cent of the output would satisfy them, and they would, of course, admit machinery and plant free of duty." 

 Six months after this communication had arrived in New York City, the Valencia Mining Company was formally incorporated, and a man named Van Antwerp, with two hundred workmen and a half-dozen assistants, was sent South to lay out the freight railroad, to erect the dumping-pier, and to strip the five mountains of their forests and underbrush. It was not a task for a holiday, but a stern, difficult, and perplexing problem, and Van Antwerp was not quite the man to solve it. He was stubborn, self-confident, and indifferent by turns. He did not depend upon his lieutenants, but jealously guarded his own opinions from the least question or discussion, and at every step he antagonized the easy-going people among whom he had come to work. He had no patience with their habits of procrastination, and he was continually offending their lazy good-nature and their pride. He treated the rich planters, who owned the land between the mines and the harbor over which the freight railroad must run, with as little consideration as he showed the regiment of soldiers which the Government had farmed out to the company to serve as laborers in the mines. Six months after Van Antwerp had taken charge at Valencia, Clay, who had finished the railroad in Mexico, of which King had spoken, was asked by telegraph to undertake the work of getting the ore out of the mountains he had discovered, and shipping it North. He accepted the offer and was given the title of General Manager and Resident Director, and an enormous salary, and was also given to understand that the rough work of preparation had been accomplished, and that the more important service of picking up the five mountains and putting them in fragments into tramp steamers would continue under his direction. He had a letter of recall for Van Antwerp, and a letter of introduction to the Minister of Mines and Agriculture. Further than that he knew nothing of the work before him, but he concluded, from the fact that he had been paid the almost prohibitive sum he had asked for his services, that it must be important, or that he had reached that place in his career when he could stop actual work and live easily, as an expert, on the work of others. 

 Clay rolled along the coast from Valencia to the mines in a paddle-wheeled steamer that had served its usefulness on the Mississippi, and 

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