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We were not hired by the day, but took a stated sum for doing a certain piece of work. I may go further and say that the time was our own at any period of our visit, so long as we fulfilled what the London Syndicate required of us.'

      'Oh, I meant no offence,' said Longworth. 'You merely seemed to be posing as a sort of goody-goody young man when I spoke of mining swindles, so I only wished to startle you. How much have you to pay for the mine—that is the mica-mine?'

      Kenyon hesitated for a moment.

      'I do not feel at liberty to mention the sum until I have consulted with my friend Wentworth.'

      'Well, you see, if I am to help you in this matter, I shall need to know every particular.'

      'Certainly. I shall have to consult Wentworth as to whether we require any help or not.'

      'Oh, you will speedily find that you require all the help you can get in London. You will probably learn that a hundred such mines are for sale now, and the chances are you will find that this very mica-mine has been offered. What do you believe the mine is really worth?'

      'I think it is worth anywhere from one hundred thousand pounds to two hundred thousand pounds, perhaps more.'

      'Is it actually worth one hundred thousand pounds?'

      'According to my estimate, it is.'

      'Is it worth one hundred and fifty thousand pounds?'

      'It is.'

      'Is it worth two hundred thousand pounds?'

      'I think so.'

      'What percentage would it pay on two hundred thousand pounds?'

      'It might pay ten per cent., perhaps more.'

      'Why, in the name of all that is wonderful, don't you put the price at two hundred thousand pounds? If it will pay ten per cent and more on that amount of money, then that sum is what you ought to sell it for. Now we will investigate this matter, if you like, and if you wish to take me in with you, and put the price up to two hundred thousand pounds, I will see what can be done about it when we get to London. Of course, it will mean somebody going out to Canada again to report on the mine. Your report would naturally not be taken in such a case; you are too vitally interested.'

      'Of course,' replied Kenyon, 'I shouldn't expect my report to have any weight.'

      'Well, somebody would have to be sent out to report on the mine. Are you certain that it will stand thorough investigation?'

      'I am convinced of it.'

      'Would you be willing to make this proposition to the investors, that, if the expert did not support your statement, you would pay his expenses out there and back?'

      'I would be willing to do that,' said Kenyon, 'if I had the money; but I haven't the money.'

      'Then, how do you expect to float the mine on the London market? It cannot be done without money.'

      'I thought I might be able to interest some capitalist.'

      'I am much afraid, Mr. Kenyon, that you have vague ideas of how companies are formed. Perhaps your friend Wentworth, being an accountant, may know more about it.'

      'Yes, I confess I am relying mainly on his assistance.'

      'Well, will you agree to put the price of the mine at two hundred thousand pounds, and share what we make equally between the three of us?'

      'It is a large price.'

      'It is not a large price if the mine will pay good dividends upon it; if it will pay eight per cent. on that amount, it is the real price of the mine, while you say that you are certain it will pay ten per cent.'

      'I say I think it will pay that percentage. One never can speak with entire certainty where a mine is concerned.'

      'Are you willing to put the price of the mine at that figure? Otherwise, I will have nothing to do with it.'

      'As I said, I shall have to consult my friend about it, but that can be done in a very short time, and I will answer you in the afternoon.'

      'Good; there is no particular hurry. Have a talk over it with him, and while I do not promise anything, I think the scheme looks feasible, if the property is good. Remember, I know nothing at all about that, but if you agree to take me in, I shall have to know full particulars of what you are going to pay for the property, and what its peculiar value is.'

      'Certainly. If we agree to take a partner, we will give that partner our full confidence.'

      'Well, there is nothing more to say until you have had a consultation with your friend. Good-morning, Mr. Kenyon;' and with that Longworth arose and lounged off to the smoking-room.

      Kenyon waited where he was for some time, hoping Wentworth would come along, but the young man did not appear. At last he went in search of him. He passed along the deck, but found no trace of his friend, and looked for a moment into the smoking-room, but Wentworth was not there. He went downstairs to the saloon, but his search below was equally fruitless. Coming up on deck again, he saw Miss Brewster sitting alone reading a paper-covered novel.

      'Have you seen my friend Wentworth?' he asked.

      She laid the book open-faced upon her lap, and looked quickly up at Kenyon before answering.

      'I saw him not so very long ago, but I don't know where he is now. Perhaps you will find him in his state-room; in fact, I think it more than likely that he is there.'

      With that, Miss Brewster resumed her book.

      Kenyon descended to the state-room, opened the door, and saw his comrade sitting upon the plush-covered sofa, with his head in his hands. At the opening of the door, Wentworth started and looked for a moment at his friend, apparently not seeing him. His face was so gray and ghastly that Kenyon leaned against the door for support as he saw it.

      'My God, George!' he cried, 'what is the matter with you? What has happened? Tell me!'

      Wentworth gazed in front of him with glassy eyes for a moment, but did not answer. Then his head dropped again in his hands, and he groaned aloud.

      CHAPTER VIII

      There was one man on board the Caloric to whom Wentworth had taken an extreme dislike. His name was Fleming, and he claimed to be a New York politician. As none of his friends or enemies asserted anything worse about him, it may be assumed that Fleming had designated his occupation correctly. If Wentworth were asked what he most disliked about the man, he would probably have said his offensive familiarity. Fleming seemed to think himself a genial good fellow, and he was immensely popular with a certain class in the smoking-room. He was lavishly free with his invitations to drink, and always had a case of good cigars in his pocket, which he bestowed with great liberality. He had the habit of slapping a man boisterously on the back, and saying, 'Well, old fellow, how are you? How's things?' He usually confided to his listeners that he was a self-made man: had landed at New York without a cent in his pocket, and look at him now!

      Wentworth was icy towards this man; but frigidity had no effect whatever on the exuberant spirits of the New York politician.

      'Well, old man!' cried Fleming to Wentworth, as he came up to the latter and linked arms affectionately. 'What lovely weather we are having for winter time!'

      'It is good,' said Wentworth.

      'Good? It's glorious! Who would have thought, when leaving New York in a snowstorm as we did, that we would run right into the heart of spring? I hope you are enjoying your voyage?'

      'I am.'

      'You ought to. By the way, why are you so awful stand-offish? Is it natural, or merely put on "for this occasion only"?'

      'I do not know what you mean by "stand-offish."'

      'You know very well what I mean. Why do you pretend to be so stiff and formal with a fellow?'

      'I am never stiff and formal with anyone unless I do not desire his acquaintance.'

      Fleming laughed loudly.

      'I suppose that's a personal hint. Well, it seems to me, if this exclusiveness is genuine,

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